Harken Announces Election of New Chairman

Search Blogs that Mention this News Release

Click this link to view linked Bookmarking Services

Click this link to view linked Blogging Services

Harken Announces Election of New Chairman

    HOUSTON, March 25 /PRNewswire-FirstCall/ -- Harken Energy Corporation
(Amex: HEC) ("Harken") announced today the election of Mr. Alan G. Quasha as
the Chairman of the Board of Directors of Harken effective March 31, 2003.
Mr. Quasha represents Lyford Investments Enterprises Ltd. ("Lyford"), which
has recently closed its Standby Purchase Agreement to become a holder of
approximately 62% of Harken's outstanding common stock.
    Mr. Quasha, who fills a vacancy on Harken's board, replaces Mr. Mikel D.
Faulkner as Chairman.  Mr. Faulkner resigned at today's Board meeting from his
role as Chairman effective also on March 31, 2003.  Mr. Faulkner will continue
in his role as a director of Harken.
    Based in Houston, Texas, Harken is an oil and gas exploration and
production company whose corporate strategy calls for concentrating its
resources on exploration, development and acquisition of domestic properties
in the Gulf Coast regions of Texas and Louisiana.
    Certain statements in this news release regarding future expectations and
plans may be regarded as "forward looking statements" within the meaning of
the Securities Litigation Reform Act.  They are subject to various risks,
including uncertainties regarding timing and capital availability, discussed
in detail in Harken's SEC filings.  Actual results may vary materially.

SOURCE Harken Energy Corporation

http://www.harkenenergy.com
CONTACT:
Investor Relations of Harken Energy
Corporation, +1-281-504-4000, or info@harkenenergy.com