Harken Energy Announces Successful Re-Completion, Commencement of Production From Tilodiran # 1 on Rio Verde Contract in Colombi
2004年12月14日 - 8:00PM
PRニュース・ワイアー (英語)
Harken Energy Announces Successful Re-Completion, Commencement of
Production From Tilodiran # 1 on Rio Verde Contract in Colombia New
Well Tested at 800 Barrels of Oil Per Day DALLAS, Dec. 14
/PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
announced that its 85% owned subsidiary, Global Energy Development
PLC ("Global"), has successfully re-completed and commenced
production from the Tilodiran # 1 well located on the 75,000 acre
Rio Verde Exploration and Production Contract in Colombia (the "Rio
Verde Contract"). This commencement of production following the
signing of the Rio Verde Contract in September represents the
shortest interval in Global's history between contract signing and
first production. Global now holds four contracts in Colombia from
which production is being achieved. Global tested Tilodiran # 1 at
a rate of 800 (gross) barrels of oil per day of 20 degree API
gravity oil. Global owns a 100% working interest in the Tilodiran #
1 well. Commenting on Tilodiran # 1 and the Rio Verde Contract,
Stephen C. Voss, Global's Managing Director said, "The Rio Verde
Contract is proving to be a significant addition to the company's
portfolio. Tilodiran # 1 has quickly supplemented our existing
production and we are now turning our attention to another existing
well on the contract acreage, the Macarenas # 1. In addition to
having an immediate positive effect on cash flow, the contract
offers additional development opportunities around the Tilodiran #
1 and Macarenas # 1 wells along with significant upside exploration
potential on the rest of the acreage." Harken separately announced
today positive test results and initial production from Global's
development well, Estero # 5, located in the adjoining Palo Blanco
field within Colombia's Llanos Basin. Harken Energy Corporation is
engaged in oil and gas exploration, development and production
operations both domestically and internationally through its
various subsidiaries. Additional information may be found at the
Harken Energy Web site, http://www.harkenenergy.com/, or by calling
Bevo Beaven or Bill Conboy at CTA Public Relations at (303)
665-4200. This announcement may contain forward-looking statements
as defined by the Securities and Exchange Commission. Harken,
however, believes that it is important to provide this operations
update and communicate its future expectations to its stockholders.
The forward-looking statements in this announcement reflect the
current view of management with regard to future events and are
subject to numerous known and unknown risks, uncertainties and
other factors that may cause the actual results, performance,
timing or achievements of Harken to be materially different from
any results, performance, timing or achievements expressed or
implied by such forward- looking statements. These risks,
uncertainties and other factors include, among others, the risks
described in Harken's filings with the Securities and Exchange
Commission including the Annual Report on Form 10-K for the fiscal
year ended December 31, 2003 filed on March 26, 2004 and its Form
10-Q for the quarter ended September 30, 2004 filed on November 5,
2004. Statements regarding future production are subject to all of
the risk and uncertainties normally associated with exploration,
development and production of oil and gas. These risks include,
without limitation, variability in the price received for oil and
gas production, lack of availability of oil field goods and
services, environmental risks, drilling and production risk, risk
related to offshore operations, and regulatory changes. Investors
are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.
Although Harken believes that the expectations reflected in the
forward-looking statements of this announcement are reasonable, it
can give no assurance that such expectations will prove to be
correct or that unforeseen developments will not occur. Harken
undertakes no duty to update or revise any forward-looking
statements. Contact: Bevo Beaven, Vice President Bill Conboy, Sr.
Account Executive CTA Public Relations 303-665-4200 DATASOURCE:
Harken Energy Corporation CONTACT: Bevo Beaven, Vice President, ,
or Bill Conboy, Sr. Account Executive, , both of CTA Public
Relations, +1-303-665-4200, for Harken Energy Corporation Web site:
http://www.harkenenergy.com/
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