Harken Announces Financial Results for Year Ended December 31, 2002

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Harken Announces Financial Results for Year Ended December 31, 2002

    HOUSTON, March 26 /PRNewswire-FirstCall/ -- Harken Energy Corporation
(Amex: HEC) ("Harken") announced today its financial results for the year
ended December 31, 2002.


                                                    2001           2002
    Total Revenues                              $32,423,000    $25,711,000
    Net Loss before Extraordinary Items         (43,998,000)   (13,335,000)
    Net Loss                                    (41,023,000)    (9,807,000)
    Net Loss per Common Share                         (2.45)         (0.64)
    Weighted Average Shares Outstanding          18,063,584     21,742,163


    Total gas production was 3.225 Bcf for 2002 compared to 3.844 Bcf for 2001
while oil production reached 732,000 barrels for 2002 compared to 773,000 for
2001.
    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.

SOURCE Harken Energy Corporation

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