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

To: Don Crespino who wrote (2378)	1/21/1998 8:43:00 PM
From: Peter Lochowicz	Read Replies (1) \| Respond to of 5504

messages.yahoo.com@m2.yahoo.com Comments anyone?

To: Don Crespino who wrote (2378)	1/21/1998 8:46:00 PM
From: Mike Fredericks	Read Replies (1) \| Respond to of 5504

To All: Just to give a bit of background, I bought HEC sometime late 1996-ish (just under 3) and sold back early-mid 1997-ish (somewhere a tad north of 5 if I recall) and haven't touched it, or even followed it since. (HEC was one of the small number of stock trades I actually made money on, I stopped trading pretty much altogether.) Why I'm posting now? About 20 minutes ago, I got an e-mail from a David J. Rogerson at parkcrest.com. Never heard of him, never heard of parkcrest.com. They have a web address www.parkcrest.com and I have not (nor do I intend to) check it out. The contents of Mr. Rogerson's e-mail were just the PR Newswire story on "Estero #3 Formation Evaluation Results are Favorable." I read it, and will admit that it did get me to check the price action, etc, and read the last 25 or so posts here just to see what I'd missed. Not gonna buy any HEC, however. The point of my post is that someone, somewhere really wants to get the news out on HEC. Enough to send to some sort of large mailing list (I'm assuming, since I can't see how I would have ended up on the list, especially at a relatively new e-mail address, had it been targeted specifically, say, to people who used to post here or something.) Whether this will affect the price of HEC in any way remains to be seen. I just figured you HEC folks would like to know. Good luck... -Mike The actual content of the message (other than the press release:) Dear Investor: I have attached Harkens news release on the initial evaluation results for the Estero # 3 well in Colombia for your review. Parkcrest Explorations management is analysing the log reports from the Estero #3 well and will issue the news release shortly. David J. Rogerson www.parkcrest.com The incorrect grammar (Harkens not Harken's) is his, not mine, as is the British spelling of "analysing."

To: Don Crespino who wrote (2378)	1/22/1998 9:23:00 AM
From: art slott	Read Replies (1) \| Respond to of 5504

Good NEWS FROM CATALINA!!!!! Harken Announces Catalina #1 Formation Evaluation Results are Favorable PR Newswire, Thursday, January 22, 1998 at 09:16 DALLAS, Jan. 22 /PRNewswire/ -- Harken Energy Corporation (AMEX:HEC) ("Harken"), announced today that the formation evaluation of the Catalina #1 well has been completed. This well has been evaluated with a series of electric logs, whole cores and fracture detection devices which indicated potential pay zones in the La Luna and Rosa Blanca formations. Catalina #1 Log and Formation Evaluation Formation Characteristic Analysis Results La Luna Rosa Blanca Gross Formation Thickness 1,169 Feet 502 Feet Net Productive Formation Thickness 200 Feet 245 Feet Porosity 3.6% to 15% 2% to 6% Oil Saturation 80% to 100% 100% The formations in the Catalina #1 well (located on Harken's Bolivar Association Contract in the Middle Magdalena Basin of Colombia) were evaluated through the vertical portion of the well. With the vertical portion completed and the liner set in place, the well is now proceeding to be drilled horizontally in the Rosa Blanca formation. The Company expects to perform a production test on the well within two to three weeks. As a result of the encouraging data on the La Luna formation, Harken plans to drill the Olivo #1 following the Catalina #1 to test the La Luna formation. Horizontal drilling technologies will also be utilized on the Olivo #1 well. Harken's Chairman, Mikel D. Faulkner, said, "We are encouraged by the formation evaluation results of both the La Luna and Rosa Blanca formations. The frequency of vertical or near vertical fractures as detected by downhole testing with wireline devices has increased our confidence in the applicability of horizontal drilling in the Bolivar Association Contract area." Continuing, Faulkner stated, "In order to expedite future exploration we have already identified additional well locations and have filed applications for drilling permits with the Environmental Ministry." Harken Energy Corporation ("Harken") explores for, develops and produces oil and gas reserves domestically and internationally. Certain statements in this news release regarding future expectations and plans for international oil and gas exploration and development may be regarded as "forward looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as the inherent uncertainties in interpreting engineering data related to underground accumulations of oil and gas, timing and capital availability, discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 1996. Actual results may vary materially. SOURCE Harken Energy Corporation -0- 01/22/98 /CONTACT: Tracy Wied of Harken Energy Corporation, 972-753-6900, or tjwied@harkenenergy.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 118626/ Companies or Securities discussed in this article: Symbol Name AMEX:HEC Harken Energy Corp Market data is provided by Quote.com, Inc. By using this service, you agree to the terms of the User Agreement. Investor Tools Markets at a Glance Quotes/News/Charts Stock Watch Enter Stock Order Open Stock Orders Options Trading Transaction History Account Balances Account Records Portfolio Summary Switch Accounts c Copyright 1997 E*TRADE Securities, Inc. All Rights Reserved.