Global Energy Plans Well Test for Cajaro #1 in Colombia

Harken Energy's subsidiary, Global Energy Development has initiated plans to complete and test the Cajaro #1 well located in Global's 82,752 acre El Cajaro Association Contract block in the Llanos Basin of Eastern Colombia. The well was drilled to 9,300 feet in 22 days and recorded oil shows in the Mirador and Ubaque formations.

Global has disassembled the equipment contracted for the drilling operation and expects a completion rig to arrive in the next seven days. The completion rig will be utilized to carry out approximately 15 days of production tests on both formations. Harken holds an 86% ownership of Global, which owns interests in producing properties and prospects in Colombia and other countries in Latin America.