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. This sale of Harken's Global
Energy Development shares to an institutional investor was conducted through a
private sale at market prices. As a result of this transaction Harken Energy
now holds 19,772,613 shares or 70.24% of Global Energy Development PLC.