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To: tool dude who wrote (124658)	12/22/2003 1:38:47 PM
From: tool dude	Respond to of 150070

NEW YORK, Dec 15 (Reuters) - Harken Energy Corp. (AMEX:HEC - News) on Monday said it sold the majority of its oil and gas properties in the Texas Panhandle region for about $7 million and used some of the proceeds to repay all of its bank debt. The Houston company, of which President George W. Bush served as a director more than a decade ago, did not disclose the buyer of the assets and could not be immediately reached to comment. Harken had said this year it hired a financial advisor to look at the Panhandle properties, which the company does not consider to be part of its core natural gas production assets along the Gulf Coast of Texas and Louisiana. It has used a portion of the sale proceeds to repay all of its outstanding bank debt of about $4 million.