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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Findit who wrote (5431)	5/15/2002 3:23:08 PM
From: Findit	Respond to of 5504

More on the downdraft - Quarterly results just released. Lost over 3 million. Not unexpected. Still have enough cash to get through the year. >>Harken's working capital at March 31, 2002 was approximately $4.2 million, compared to approximately $3.4 million at December 31, 2001. Harken's operations used approximately $1.9 million of cash flow during the first quarter of 2002, primarily due to the timing of certain working capital payments and collections during the quarter. Harken's cash resources at March 31, 2002 totaled approximately $6.3 million. Considering its existing cash resources and the potential additional capital sources listed below, Harken believes that it will have sufficient cash resources to fund all of its planned capital expenditures during 2002.<< I will now go back to my prayers. Jim