Harken Spuds Cajaro #1 Well in Colombia

Harken Energy's international operating subsidiary, Global Energy Development has begun drilling operations for the Cajaro #1 well in the Llanos Basin of Colombia. The well is located on Global's 82,752-acre Cajaro Association Contract exploration block. Global expects that the well will take up to 25 days to drill and an additional 15 days to complete, if results are favorable. The Cajaro #1 has a projected drilling depth of approximately 9,200 feet and will target the Ubaque formation that is productive in Global's Estero #1 and Estero #2 wells in the Palo Blanco field within Global's Alcaravan Association Contract Block. Harken holds an 86% ownership of Global which owns interests in producing properties and prospects in Colombia and other countries in Latin America.