Harken Energy Announces Pending Contract in Peru
2004年12月17日 - 8:00PM
PRニュース・ワイアー (英語)
Harken Energy Announces Pending Contract in Peru DALLAS, Dec. 17
/PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
announced that Perupetro S.A. ("Perupetro"), the national oil
company of Peru, has approved for signature a new license contract
between Perupetro and Global Energy Development PLC ("Global"),
Harken's 85% owned subsidiary, for the Exploration and Exploitation
of Hydrocarbons in the Block 95 Area located in the Maranon Basin
of Northeastern Peru. This approval represents a required statutory
step towards the signing of Global's first contract in Peru. The
company anticipates that the contract will be signed by Global and
Perupetro and subsequently become effective by the end of the first
quarter of 2005. The approval follows a 2001 Technical Evaluation
Agreement which Global entered into with Perupetro. Global
conducted an extensive study of the Block 95 Area that included the
reprocessing of seismic data and evaluation of previous well data.
The Bretana field, located in the Block 95 Area, was identified in
the early 1970s. In 1974 the Bretana # 1 well tested 18 degree API
gravity oil at rates of approximately 800 barrels of oil per day.
It is anticipated that when signed, the contract will assign Global
exclusive exploration and production rights to approximately
1,255,000 acres and that Global will own a 100% working interest in
the contract subject only to an initial 5% royalty. The size of the
royalty is to be determined by future production levels. The
contract duration is currently set at approximately seven years for
the initial exploration phases and 23 years for the exploitation
phase. Commenting on the forthcoming Peruvian contract, Stephen C.
Voss, Managing Director for Global Energy Development PLC, said,
"We are delighted to announce this significant step towards signing
our first exploration and exploitation contract in the country of
Peru. Block 95 is a portion of the original Area III that the
company evaluated over the last three years under the TEA, and
identified a number of opportunities including the Bretana
oilfield. We believe the Bretana oilfield is a development drilling
opportunity, based on data provided by independent engineers. In
addition, the company considers the remaining contract acreage to
offer exploration opportunities. Global looks forward to completing
the signing procedure and commencing operations on this exciting
area." 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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Harken (AMEX:HEC)
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