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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
HARKEN ENERGY CORPORATION
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
412552-10-1
(CUSIP Number)
Thomas A. Huser, Esq.
Quadrant Management, Inc.
127 East 73rd Street
New York, New York 10021
(212) 439-9292
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 20, 1995
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / / .
Check the following box if a fee is being paid with this statement / / .
(Continued on following page(s))
Page 1 of 29 Pages
Exhibit Index Appears on Page 8
<PAGE> 2
CUSIP NO. 412552-10-1 13D Page 2 of 29 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NAR Group Limited (formerly North American Resources
Limited)
_______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
_______________________________________________________________________________
3 SEC USE ONLY
_______________________________________________________________________________
4 SOURCE OF FUNDS AF
_______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / /
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
_______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin
Islands
_______________________________________________________________________________
NUMBER 7 SOLE VOTING POWER None
OF ______________________________________________________________
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 5,437,706 shares
OWNED ______________________________________________________________
BY
EACH 9 SOLE DISPOSITIVE POWER None
REPORTING ______________________________________________________________
PERSON
WITH 10 SHARED DISPOSITIVE POWER 5,437,706 shares
_______________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 5,437,706 shares
_______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
_______________________________________________________________________________
<PAGE> 3
CUSIP NO. 412552-10-1 13D Page 3 of 29 Pages
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.0%
_______________________________________________________________________________
14 TYPE OF REPORTING PERSON CO, HC
_______________________________________________________________________________
<PAGE> 4
CUSIP NO. 412552-10-1 13D Page 4 of 29 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan Grant Quasha
_______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
_______________________________________________________________________________
3 SEC USE ONLY
_______________________________________________________________________________
4 SOURCE OF FUNDS AF, PF, SC
_______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / /
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
_______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
_______________________________________________________________________________
NUMBER 7 SOLE VOTING POWER 101,000 shares
OF ______________________________________________________________
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 5,437,706 shares
OWNED ______________________________________________________________
BY
EACH 9 SOLE DISPOSITIVE POWER 101,000 shares
REPORTING ______________________________________________________________
PERSON
WITH 10 SHARED DISPOSITIVE POWER 5,437,706 shares
_______________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 5,538,706 shares
_______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES
_______________________________________________________________________________
<PAGE> 5
CUSIP NO. 412552-10-1 13D Page 5 of 29 Pages
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.2%
_______________________________________________________________________________
14 TYPE OF REPORTING PERSON IN
_______________________________________________________________________________
<PAGE> 6
CUSIP NO. 412552-10-1 13D Page 6 of 29 Pages
Item 1. Security and Issuer.
This Amendment No. 8 to Statement on Schedule 13D (this "Amendment"),
filed with respect to events that occurred on January 20, 1995, relates to the
shares of Common Stock, par value $.01 per share, of Harken Energy Corporation
(the "Common Stock" and the "Issuer", respectively), a Delaware corporation
whose principal executive offices are located at MacArthur Center II, Suite
400, 5605 North MacArthur Boulevard, Irving, Texas 75038. The original
Statement on Schedule 13D, as modified by all prior amendments, is referred to
herein as the "Amended Statement".
Item 4. Source and Amount of Funds or Other Consideration.
Item 4 of the Amended Statement is hereby amended by deleting the last
paragraph thereof and inserting the following language in lieu thereof:
"Effective November 21, 1994, Alan G. Quasha resigned as a director of
the Issuer.
Due to recent favorable market conditions, the Reporting Persons have
decided to dispose of up to approximately 605,000 shares of Common Stock owned
by them. Accordingly, the Reporting Persons intend to continue to hold for
investment purposes approximately 4,949,806 shares of the Common Stock.
Subject to the continuation of such market conditions, sales of such shares
shall be made pursuant to Rule 144, promulgated under the Securities Act of
1933, as amended (th "1933 Act") or other exemptions from registration
sprovided by the securities laws. Pursuant to Rule 144, from January 23
through 25, 1995, the Reporting Persons sold a total of 16,100 at a sales price
of $2.25 per share. Each Reporting person may formulate other purposes, plans
or porposals relating to the securities of the Issuer to the extent deemed
advisable in light of market conditions, investment policies and other factors.
Except as indicated in this Statement the Reporting Persons currently
have no specific plans or proposals that relate to or would result in (i) the
<PAGE> 7
CUSIP NO. 412552-10-1 13D Page 7 of 29 Pages
acquisition by any person of additional securities of the Issuer, or the
disposition of securities of the Issuer; (ii) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Issuer or any of its subsidiaries; (iii) a sale or transfer of a material
amount of assets of the Issuer or any of its subsidiaries; (iv) any change in
the present Board of Directors or management of the Issuer, including any plans
or proposals to change the number or term of directors or to fill any existing
vacancies on the Board; (v) any material change in the present capitalization
or dividend policy of the Issuer; (vi) any other material change in the
Issuer's business or corporate structure; (vii) changes in the Issuer's
charter, by-laws or instruments corresponding thereto or other actions which
may impede the acquisition of control of the Issuer by any person; (viii)
cuasing the Class A Common Stock to be delisted from the American Stock
Exchange; (ix) the Class A Common Stock becoming eligible ofor termination of
registration pursuant to Section 12(g)(4) for the Securities Exchange Act of
1934; or (x) any action similar to any of those enumerated in this paragraph."
Item 5. Interest in Securities of the Issuer.
Item 5 of the Amended Statement is hereby amended by deleting the
first and third paragraphs thereof and paragraph (c) thereof and substituting
the following language in lieu thereof:
"(a) & (b) Based on the Issuer's Report on Form 10-Q for the quarter
ending September 30, 1994, the Issuer has a total of 60,442,853 shares of
Common Stock outstanding as of November 1, 1994.
Pursuant to Rule 13d-3, the Reporting Persons may be deemed to
beneficially own an aggregate of 5,538,706 shares of Common Stock constituting
approximately 9.2% of the issued and outstanding shares of Common Stock. Such
amount includes 101,000 shares of Common Stock owned by Mr. Quasha for which he
has sole voting and dispositive power. Such amount also includes an aggregate
of 524,686 shares of Common Stock which the Reporting Persons have the right to
acquire through the exercise of outstanding options. Other
<PAGE> 8
CUSIP NO. 412552-10-1 13D Page 8 of 29 Pages
than the 101,000 shares owned by Mr. Quasha, for purposes of Section 13(d), the
Reporting Persons may be deemed to have shared power to vote and dispose of, or
to direct the voting and disposition of, the securities referred to in this
paragraph.
(c) Other than the transactions described in this Amended
Statement, no transactions in the shares of Common Stock have been effected
during the past 60 days by the Reporting Persons, or, to the best of their
knowledge the Instruction C Persons or any of the persons named in Exhibit B."
Item 7. Material to be Filed as Exhibits. Page
--------------------------------- ----
Exhibit A: Information concerning
Reporting Persons and Instruction
C Persons. [Amended.] 10
Exhibit B: Information concerning
Reporting Persons' and Instruction
C Persons' executive officers,
directors and others. [Amended.] 21
Exhibits C - T: [Previously filed.]
<PAGE> 9
CUSIP NO. 412552-10-1 13D Page 9 of 29 Pages
SIGNATURES
After reasonable inquiry and to the best of his, her or its knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Date: January 27, 1995
NAR GROUP LIMITED
By: /s/ THOMAS A. HUSER
-----------------------------------
Thomas A. Huser, its
Attorney-in-Fact
ALAN GRANT QUASHA
By: /s/ THOMAS A. HUSER
-----------------------------------
Thomas A. Huser, his
Attorney-in-Fact
<PAGE> 10
EXHIBIT INDEX
-------------
Exhibit A: Information concerning
Reporting Persons and Instruction
C Persons. [Amended.]
Exhibit B: Information concerning
Reporting Persons' and Instruction
C Persons' executive officers,
directors and others. [Amended.]
Exhibits C - T: [Previously filed.]
<PAGE> 1
CUSIP NO. 412552-10-1 13D Page 10 of 29 Pages
EXHIBIT A
Name: NAR Group Limited
Place of Organization: British Virgin Islands
Principal Business: A holding company
Address of Principal Business: P.O. Box 438
Road Town, Tortola
British Virgin Islands
Address of Principal Office: P.O. Box 438
Road Town, Tortola
British Virgin Islands
<PAGE> 2
CUSIP NO. 412552-10-1 13D Page 11 of 29 Pages
EXHIBIT A
Name: Intercontinental Mining & Resources
Incorporated
Place of Organization: British Virgin Islands
Principal Business: A holding company
Address of Principal Business: P.O. Box 438
Road Town, Tortola
British Virgin Islands
Address of Principal Office: P.O. Box 438
Road Town, Tortola
British Virgin Islands
<PAGE> 3
CUSIP NO. 412552-10-1 13D Page 12 of 29 Pages
EXHIBIT A
Name: Quadrant Capital Corp.
Place of Organization: Delaware, U.S.A.
Principal Business: A holding company
Address of Principal Business: c/o Quadrant Management, Inc.
127 East 73rd Street
New York, New York 10021
Address of Principal Office: c/o Quadrant Management, Inc.
127 East 73rd Street
New York, New York 10021
<PAGE> 4
CUSIP NO. 412552-10-1 13D Page 13 of 29 Pages
EXHIBIT A
Name: Alan Grant Quasha
Business Address: c/o Quadrant Management, Inc.
127 East 73rd Street
New York, New York 10021
Principal Occupation: Business Executive
President of Quadrant Management,
Inc.
(see above address)
Citizenship: United States
<PAGE> 5
CUSIP NO. 412552-10-1 13D Page 14 of 29 Pages
EXHIBIT A
Name: Richemont Group Limited
Place of Organization: British Virgin Islands
Principal Business: A holding company
Address of Principal Business: CITCO Building
Wickhams Cay
Road Town, Tortola
British Virgin Islands
Address of Principal Office: CITCO Building
Wickhams Cay
Road Town, Tortola
British Virgin Islands
<PAGE> 6
CUSIP NO. 412552-10-1 13D Page 15 of 29 Pages
EXHIBIT A
Name: Richemont S.A.
Place of Organization: Luxembourg
Principal Business: A holding company
Address of Principal Business: 24-26 avenue de la Liberte
BP 1443
L-1930 Luxembourg
Address of Principal Office: 24-26 avenue de la Liberte
BP 1443
L-1930 Luxembourg
<PAGE> 7
CUSIP NO. 412552-10-1 13D Page 16 of 29 Pages
EXHIBIT A
Name: Compagnie Financiere Richemont AG
Place of Organization: Zug, Switzerland
Principal Business: A holding company
Address of Principal Business: Rigistrasse 2
6300 Zug, Switzerland
Address of Principal Office: Rigistrasse 2
6300 Zug, Switzerland
<PAGE> 8
CUSIP NO. 412552-10-1 13D Page 17 of 29 Pages
EXHIBIT A
Name: Compagnie Financiere Ehrbar
Place of Organization: Zug, Switzerland
Principal Business: A holding company
Address of Principal Business: Rigistrasse 2
6300 Zug, Switzerland
Address of Principal Office: Rigistrasse 2
6300 Zug, Switzerland
<PAGE> 9
CUSIP NO. 412552-10-1 13D Page 18 of 29 Pages
EXHIBIT A
Name: Evansville Limited
Place of Organization: British Virgin Islands
Principal Business: A holding company
Address of Principal Business: P.O. Box 438
Road Town, Tortola
British Virgin Islands
Address of Principal Office: P.O. Box 438
Road Town, Tortola
British Virgin Islands
<PAGE> 10
CUSIP NO. 412552-10-1 13D Page 19 of 29 Pages
EXHIBIT A
Name: Phyllis Quasha Revocable Trust
Place of Organization: Bermuda
Principal Business: A personal trust
Address of Principal Business: c/o Bermuda Trust Company Limited
Bank of Bermuda Building
Front Street
Hamilton, Bermuda HM11
Address of Principal Office: c/o Bermuda Trust Company Limited
Bank of Bermuda Building
Front Street
Hamilton, Bermuda HM11
<PAGE> 11
CUSIP NO. 412552-10-1 13D Page 20 of 29 Pages
EXHIBIT A
Name: Phyllis Grant Quasha
Residence Address: Flat 6, 31 Pont Street
London SW1, England
Principal Occupation: Private investor
Citizenship: Australia
<PAGE> 1
CUSIP NO. 412552-10-1 13D Page 21 of 29 Pages
EXHIBIT B
NAR GROUP LIMITED
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Yves-Andre Istel Director Vice Chairman 1251 Avenue of the Americas,
Rothschild, Inc. 51st Floor
New York, NY 10020
Jeffrey Laikind Director Managing Director 9 West 57th Street
Prudential-Bache Investment New York, NY 10019
Management
Eloy Michotte Director Business Executive, Richemont 15 Hill Street
International, Ltd. London W1X 7FB
England
Alan G. Quasha Director Business Executive, Quadrant 127 East 73rd Street
Management, Inc. New York, NY 10021
Howard M.S. Tanner Director Business Executive, Richemont 15 Hill Street
International, Ltd. London W1X 7FB
England
Johann P. Rupert Director Business Executive, Rupert Rupert International
International (Pty) Ltd
(Pty) Ltd Alexander Street 34
Stellenbosch 7600
Republic of South
Africa
</TABLE>
<PAGE> 2
CUSIP NO. 412552-10-1 13D Page 22 of 29 Pages
EXHIBIT B
INTERCONTINENTAL MINING & RESOURCES INCORPORATED
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
DGW Management Ltd. Director Management Company P.O. Box 438
Road Town, Tortola
British Virgin Islands
Integro Trust BVI Secretary Corporate Director P.O. Box 438
Limited Road Town, Tortola
British Virgin Islands
</TABLE>
<PAGE> 3
CUSIP NO. 412552-10-1 13D Page 23 of 29 Pages
EXHIBIT B
QUADRANT CAPITAL CORP.
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Alan G. Quasha President Business Executive 127 East 73rd Street
Quadrant Management, Inc. New York, NY 10021
John R. Schoemer Vice President and Business Executive 127 East 73rd Street
Treasurer Quadrant Management, Inc. New York, NY 10021
Thomas A. Huser Secretary General Counsel 127 East 73rd Street
Quadrant Management, Inc. New York, NY 10021
</TABLE>
<PAGE> 4
CUSIP NO. 412552-10-1 13D Page 24 of 29 Pages
EXHIBIT B
RICHEMONT GROUP LIMITED
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Kurt Nauer Director Business Executive, Rigistrasse 2
Compagnie Financiere 6300 Zug, Switzerland
Richemont AG
Dr. Max Ehrbar Director Attorney Kreuzstrasse 26
8008 Zurich Switzerland
Rene Gerber Director Business Executive, Kreuzstrasse 26
Edesa Management AG 8008 Zurich Switzerland
Eloy Michotte Director Business Executive, 15 Hill Street
Richemont International Ltd. London W1X 7FB
England
BVI Corporation Company Secretary Corporate Services CITCO Building,
Limited Corporation Wickhams Cay
Road Town, Tortola
British Virgin Islands
</TABLE>
<PAGE> 5
CUSIP NO. 412552-10-1 13D Page 25 of 29 Pages
EXHIBIT B
RICHEMONT S.A.
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Johann P. Rupert Executive Chairman Business Executive, Rupert International
Rupert International (Pty) Ltd
p.l.c. Alexander Street 34
Stellenbosch 7600
Republic of South Africa
Eloy Michotte Executive Director Business Executive, 15 Hill Street
Richemont London W1X 7FB
International Ltd. England
Jan du Plessis Finance Director Business Executive, Denham Place
Rothmans International Village Road
p.l.c. Denham Uxbridge
Middlesex UB9 5BL
England
Alan G. Quasha Director Business Executive, 127 East 73rd Street
Quadrant Management, Inc. New York, NY 10021
Howard M.S. Tanner Executive Director Business Executive, 15 Hill Street
Richemont London W1X 7FB
International Ltd. England
Joseph Kanoui Executive Director Business Executive, 6 Boulevard
Vendome Luxury Group, SA James-Fazy
1201 Geneva Switzerland
Jean-Paul Aeschimann Director Attorney, Lenz & Staehlin Grand Rue 25
1204 Geneva Switzerland
Rene Gerber Director Business Executive, Edesa Kreuzstrasse 26
Management AG 8008 Zurich Switzerland
</TABLE>
<PAGE> 6
CUSIP NO. 412552-10-1 13D Page 26 of 29 Pages
EXHIBIT B
COMPAGNIE FINANCIERE RICHEMONT AG
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Dr. Nikolaus Senn Chairman of the Banker, Union Bank of Bahnhofstrasse 45
Board of Directors Switzerland 8001 Zurich Switzerland
Jean-Paul Aeschimann Deputy Chairman of Attorney, Lenz & Staehlin Grand Rue 25
the Board of 1204 Geneva
Directors Switzerland
Johann P. Rupert Managing Director Business Executive, Rupert Rupert International
International (Pty) Ltd (Pty) Ltd
Alexander Street 34
Stellenbosch 7600
Republic of South Africa
Jan du Plessis Finance Director Business Executive, Denham Place
Rothmans International Village Road
p.l.c. Denham Uxbridge
Middlesex UB9 5BL
England
Dr. Max Ehrbar Director Attorney, Private Practice Kreuzstrasse 26
8008 Zurich Switzerland
Joseph Kanoui Director Business Executive, 6 Boulevard James
Vendome Luxury Group SA Fazy
1201 Geneva
Switzerland
Rene Gerber Director Business Executive, Edesa Kreuzstrasse 26
Management AG 8008 Zurich Switzerland
Lord Swaythling Director Chairman, Rothmans 15 Hill Street
International p.l.c. London W1X 7FB
England
Yves-Andre Istel Director Vice Chairman Rothschild, 1251 Avenue of the Americas,
Inc. 51st Floor
New York, NY 10020
</TABLE>
<PAGE> 7
CUSIP NO. 412552-10-1 13D Page 27 of 29 Pages
EXHIBIT B
COMPAGNIE FINANCIERE EHRBAR
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Dr. Max Ehrbar Managing Partner Attorney, Private Practice Kreuzstrasse 26
8008 Zurich Switzerland
Johann P. Rupert Managing Partner Business Executive, Rupert Interational (Pty) Ltd
Rupert International Alexander Street 34
(Pty) Ltd Stellenbosch 7600
Republic of South Africa
</TABLE>
<PAGE> 8
CUSIP NO. 412552-10-1 13D Page 28 of 29 Pages
EXHIBIT B
EVANSVILLE LIMITED
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
F.M.C. Limited Director Corporate Director P.O. Box 438
Road Town, Tortola
British Virgin Islands
S.C.S. Limited Director Corporate Director P.O. Box 438
Road Town, Tortola
British Virgin Islands
Integro Trust Secretary Corporate Agent P.O. Box 438
(BVI) Limited Road Town, Tortola
British Virgin Islands
</TABLE>
<PAGE> 9
CUSIP NO. 412552-10-1 13D Page 29 of 29 Pages
EXHIBIT B
PHYLLIS QUASHA REVOCABLE TRUST
<TABLE>
<CAPTION>
Position
Name with Company Occupation Principal Address
---- ------------ ---------- -----------------
<S> <C> <C> <C>
Bermuda Trust Corporate Trustee Corporate Trustee Bank of Bermuda
Company Limited Front Street
Hamilton, Bermuda
HM11
Phyllis G. Quasha Settlor Private Investor Flat 6,
31 Pont Street
London SW1, England
</TABLE>
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