Harken Energy Corp. Company News

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Ministry Authorized to Negotiate E&P Contract with HKN
Panama's cabinet has authorized the trade and industry ministry to negotiate and sign a hydrocarbons E&P contract with US oil and gas company HKN, formerly known as Harken Energy.
8:00 PM EST | June 14, 2007
Govt, Harken Wrapping Up E&P Contract Talks
Panama and Harken Energy are in the "final stage" of contract talks to carry out exploratory drilling in Darien province, a hydrocarbons department official from Panama's trade and industries ministry told BNamericas.
8:00 PM EST | March 28, 2007
Harken Energy Provides Domestic Operations Update
Gulf Energy Management says its net production rate is approximately 7.8 million cubic feet equivalent of natural gas per day.
8:00 PM EST | April 25, 2006
Harken Gains Los Sauces Acreage
Harken Energy said that its subsidiary, Global Energy Development, has signed a new exclusive exploration and production concession contract with Colombia's National Hydrocarbons Agency.
8:00 PM EST | April 06, 2006
ANH Signs 5 Contracts Worth US$4.8mn
Colombia's hydrocarbons regulator ANH signed two E&P contracts and three technical evaluation agreements (TEAs) in March that require a total investment of roughly US$4.8mn.
8:00 PM EST | April 04, 2006
Harken Reports on Colombia Operations
Harken Energy, part-owner of Global Energy Development, said that two Global-operated wells in Colombia ceased production during the fourth quarter of 2005.
7:00 PM EST | March 29, 2006
Harken Energy Says Domestic Production Still Hampered by Katrina
Harken Energy says domestic production continued to be affected by the shut-in of production related to hurricane damage and is currently at 75% of pre-Katrina levels.
7:00 PM EST | January 30, 2006
Global Energy Development Signs Seventh Contract in Colombia
Global Energy Development has signed a new exclusive Exploration and Production Concession Contract for the Caracoli area with the National Hydrocarbons Agency of the Republic of Colombia.
7:00 PM EST | January 03, 2006
Harken Energy Says Rig Mobilized to First Rio Verde Well in Colombia
Harken Energy reports that Global Energy Development has commenced rig mobilization to the Tilodiran #2 exploratory well within its exclusive Rio Verde Exploration and Production Concession Contract in Colombia.
7:00 PM EST | December 06, 2005
Gulf Energy Management Enters CBM Development Deal
Gulf Energy Management Company, has entered into a new agreement for the joint exploration and development of coalbed methane (CBM) acreage located in Ohio.
7:00 PM EST | November 29, 2005
Global Energy Development Receives Valle Lunar Contract
Harken Energy Corporation announced today that Global Energy Development PLC has received approval for a new exclusive exploration and production concession contract with the National Hydrocarbons Agency of the Republic of Colombia.
7:00 PM EST | November 24, 2005
Harken Energy Reports 3Q05 Net Income of $32.8 Million
Harken Energy reports a net income of $32.8 million, or $0.15 per share, for its third quarter ended September 30, 2005.
7:00 PM EST | November 09, 2005
Global Energy Raises $12.5 Million through Issuance of Convertible Notes
Global Energy has raised $12.5 million through the issue of unsecured variable coupon convertible notes due October 30, 2012 to a Swiss-based fund manager.
7:00 PM EST | October 31, 2005
Harken Energy Gives Notice Of Conversion of Convertible Notes
Harken Energy has given notice of its determination to exercise its rights to convert its 5% Senior Convertible Notes, due June 30, 2009 for shares of Harken common stock.
8:00 PM EST | September 20, 2005
Harken Energy Raises $6.3 Million From Lyford Warrant Exercise
Harken Energy says that Lyford Investment exercised warrants to purchase 7,000,000 Global Energy ordinary shares held by Harken. The transaction raised approximately $6.3 million in new capital for Harken Energy.
8:00 PM EST | September 15, 2005
Harken Energy Raises $14.1 Million Through Sale of Global Energy Shares
Harken Energy negotiated and closed the sale of 2,829,501 shares from its existing holdings in Global Energy Development PLC, raising approximately $14.1 million in new capital for Harken Energy.
8:00 PM EST | September 11, 2005
Harken Energy Completes Two Million Share Buyback of Common Stock
Harken Energy has completed the buyback of two million shares of its common stock.
8:00 PM EST | June 28, 2005
Harken Energy Raises Additional $1.2 Million Through Share Sale
Harken Energy negotiated and closed the sale of 345,374 shares from its existing holdings in subsidiary Global Energy Development PLC, raising approximately $1.2 million in new capital for Harken Energy.
8:00 PM EST | June 26, 2005
Harken Energy Subsidiary Signs TEA for Valle Lunar Area in Colombia
Global Energy Development signed a new exclusive Technical Evaluation Agreement with the National Hydrocarbons Agency of the Republic of Colombia for the evaluation of potential hydrocarbons resources in the Valle Lunar area located in the established Llanos Basin of eastern Colombia.
8:00 PM EST | May 30, 2005
Harken Energy Begins Seismic Study for Rio Verde Contract in Colombia
Harken Energy's subsidiary, Global Energy Development PLC, has commenced work to acquire approximately 56 kilometers of new 2D seismic within its Rio Verde Exploration and Production Contract in Colombia.
8:00 PM EST | May 22, 2005
Harken Energy to Repurchase Company Stock
Harken Energy says that its Board of Directors has authorized a stock repurchase program allowing the Company to buy back up to two million shares of its common stock.
8:00 PM EST | May 10, 2005
Harken Energy Raises $3.8 Million Through Share Sale
Harken Energy negotiated and closed the sale of 1,264,600 shares from its existing holdings in subsidiary Global Energy Development PLC, raising $3.8 million in new capital for Harken Energy.
8:00 PM EST | April 28, 2005
Harken Energy Raises $8.4 Million Through Share Sale
Harken Energy negotiated and closed the sale of 2,812,716 shares from its existing holdings in subsidiary Global Energy Development PLC, raising $8.4 million in new capital for Harken Energy.
8:00 PM EST | April 13, 2005
Harken Energy Acquires Second CBM Prospect
Harken Energy has entered into an Exploration and Development Agreement with Ohio Cumberland for the joint exploration and development of coalbed methane within the Cumberland Prospect Area
7:00 PM EST | March 28, 2005
Harken Energy Acquires CBM Prospect in Indiana
Harken Energy has entered into an agreement with Indiana Posey L.P. for the joint exploration and development of coal bed methane within the Posey Prospect Area in Indiana.
7:00 PM EST | March 23, 2005
Harken Energy Successfully Re-Works Canacabare # 1 in Colombia
Harken Energy's 85% owned subsidiary Global Energy Development has successfully completed the workover and the re-commencement of production from the Canacabare # 1 well located in the Anteojos field within its Alcaravan Association Contract in Colombia.
7:00 PM EST | March 13, 2005
Harken Energy Budgets $34 Million for 2005
Harken Energy announced its 2005 capital expenditure budget totaling approximately $34 million for its two principal subsidiaries, representing an 87% increase from Harken's 2004 capital expenditure budget.
7:00 PM EST | February 16, 2005
Harken Begins Production form Macarenas #1 in Colombia
Harken Energy successfully re-completed and commenced production from the Macarenas # 1 well within its' 75,000 acre Rio Verde Exploration and Production Contract in Colombia.
7:00 PM EST | January 26, 2005
Harken Energy Completes Buyback of Common Stock
Harken Energy has completed the buyback of two million shares of its common stock at an average cost of $0.52 per share.
7:00 PM EST | January 09, 2005
Harken Energy Beings Work on Rio Verde Contract in Colombia
Harken Energy's subsidiary, Global Energy Development PLC, has commenced rig mobilization to the Macarenas # 1 well on its 75,000 acre Rio Verde Exploration and Production Contract in Colombia.
7:00 PM EST | December 20, 2004
Global, Burlington to Invest US$70mn in Peru Blocks 95, 104
Peru's hydrocarbons investment agency Perupetro expects the Global Energy Development and Burlington Resources to invest a combined US $70mn to explore two blocks in the northern Maranon basin,
7:00 PM EST | December 19, 2004
Harken Energy Announces Pending Contract in Peru
Perupetro and Global Energy Development have approved an agreement for exploration in the Block 95 Area located in the Maranon Basin of Northeastern Peru.
7:00 PM EST | December 16, 2004
Harken Energy Begins Production at Rio Verde in Colombia
Harken Energy's subsidiary, Global Energy Development, has successfully re-completed and commenced production from the Tilodiran # 1 well located on the 75,000 acre Rio Verde Exploration and Production Contract in Colombia
7:00 PM EST | December 13, 2004
Harken Energy Places Estero # 5 Well on Production
Harken Energy's subsidiary, Global Energy Development, has completed testing its development well, Estero # 5, located in the Palo Blanco field within Colombia's Llanos Basin, and placed the well on production.
7:00 PM EST | December 13, 2004
Harken Energy Provides Domestic Operations Update
Harken Energy has released updated production figures, well completion status and increased 2004 expected capital expenditures for its domestic oil and gas operations, which are located primarily along the onshore and offshore Texas and Louisiana Gulf Coast.
7:00 PM EST | November 09, 2004
Harken Energy Acquires Acreage in Los Hatos Area in Colombia
Harken Energy's subsidiary, Global Energy Development PLC, signed a new Exploration and Production Contract with the National Hydrocarbons Agency of the Republic of Colombia for the Los Hatos area, located in the central Llanos region.
7:00 PM EST | November 03, 2004
Hunt Oil, Harken Could Sign Peru Contracts by Year-End
Hunt Oil and Harken Energy are negotiating exploration contracts with Peru's state-owned hydrocarbons investment company Perupetro and could sign by year-end
8:00 PM EST | October 18, 2004
Harken Energy Begins Drilling Estero #5 Well in Colombia
Harken Energy's subsidiary, Global Energy Development reports that drilling operations have commenced on the Estero #5 well, located in the Llanos basin of Colombia, South America.
8:00 PM EST | October 07, 2004
Harken Energy Announces Stock Repurchase Plan
Harken Energy announced that its Board of Directors has authorized a stock repurchase program allowing the Company to buy back up to two million shares of its common stock.
8:00 PM EST | September 15, 2004
Global Energy Inks Deal for 75,000 Additional Acres in Colom
Global Energy Development has signed an Exploration and Production Contract with the National Hydrocarbons Agency of the Republic of Colombia for the Rio Verde area, located in the central Llanos region.
8:00 PM EST | September 14, 2004
Harken Energy to Increase Domestic Operations in 2004
Harken is committed to the continuing development of its domestic operations in 2004 and has budgeted approximately $9 million to grow its Gulf Coast operations in 2004.
8:00 PM EST | August 22, 2004
Harken Energy Provides Domestic Operations Update
Harken Energy has released updated production figures and well completion status for its domestic oil and gas operations, which are located primarily along the onshore and offshore Texas and Louisiana Gulf Coast.
8:00 PM EST | July 05, 2004
Harken Energy to Drill Additional Wells in Colombia
Harken Energy's subsidiary, Global Energy Development PLC, has perforated and tested a new zone in its Estero 2 well, located in the Palo Blanco field in Colombia.
8:00 PM EST | June 23, 2004
Harken Energy Logs Pay with Colombian Well
Harken Energy's subsidiary, Global Energy Development, has perforated and tested the Massive Ubaque zone from 8352 to 8371 feet in its Estero 4 well on Global's Alcaravan Association Contract in Colombia.
8:00 PM EST | April 20, 2004
Harken Provides Update on Colombian Drilling Activity
Harken Energy has begun drilling operations on the Estero #4 well in Llanos basin of Colombia.
7:00 PM EST | March 30, 2004
Harken Energy: Operating Margin Increased Approximately 50%
Harken Energy Corporation today reported financial results for the year ended December 31, 2003.
7:00 PM EST | March 25, 2004
Harken Increases Capital Expenditure Budget for 2004
The Board of Directors of Harken Energy have approved an $18 million capital expenditure budget for 2004, an approximate $10 million increase as compared to 2003.
7:00 PM EST | January 29, 2004
Harken Sells Non-Strategic Texas Panhandle Assets
Harken Energy has sold the majority of its oil and gas properties located in the Panhandle region of Texas.
7:00 PM EST | December 14, 2003
Harken Energy Sells Non-Core Assets
Harken Energy has agreed to sell the majority of its oil and gas properties located in the Panhandle region of Texas.
8:00 PM EST | September 28, 2003
Harken Gets Positive Results from Cajaro Well
The Cajaro 1 well's upper Mirador zone, which contains what appears to be 20 feet of producible hydrocarbon thickness, tested at over 700 gross barrels of oil per day.
8:00 PM EST | April 29, 2003