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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 1996
HARKEN ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-9207 95-2841597
(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
5605 N. MACARTHUR BLVD, SUITE 400 75038
IRVING, TEXAS (ZIP Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (214) 753-6900
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ITEM 5. OTHER EVENTS
The press release dated July 31, 1996, attached to this report as
Exhibit 99.1 is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired.
None.
(b) Pro forma financial information.
None.
(c) Exhibits.
Exhibit
Number Description
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99.1 -- Press Release dated July 31, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HARKEN ENERGY CORPORATION
Date: July 31, 1996 By: /s/ Bruce N. Huff
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Bruce N. Huff,
Senior Vice President and
Chief Financial Officer
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INDEX TO EXHIBITS
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Exhibit No. Exhibit Page
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99.1 Press Release dated July 31, 1996
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EXHIBIT 99.1
NEWS RELEASE For Further Information 214-753-6900
FOR IMMEDIATE RELEASE
HARKEN ANNOUNCES $40 MILLION FINANCING
Dallas, Texas (July 31, 1996) -- Harken Energy Corporation ("Harken")
(AMEX: "HEC"), announced today the closing of the offering and sale of
$40,000,000 in Senior Convertible Notes in Europe. These Notes bear interest
at 6.5% annually until maturity in the year 2000, unless earlier redeemed by
the Company. These Notes are convertible into shares of Harken common stock at
a conversion price of $2.50 per share under certain conditions.
These Securities have not been registered under the Securities Act of
1933, as amended (the "Act"), and can not be offered or sold in the U.S.
without registration under the Act or an exemption therefrom.
The Company is currently drilling the Torcaz #2 well in the Middle
Magdalena Basin and has announced that is has requested drilling permits for
three additional wells in Colombia.
Harken's Chairman, Mikel D. Faulkner, said, "This successful placement
of Notes in Europe will allow Harken to accelerate its exploration and
development plans. This capital will be applied to develop our acreage
position in Colombia as well as support new domestic growth."
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Harken Energy Corporation ("Harken") (AMEX: "HEC") explores for, develops and
produces oil and gas reserves domestically and internationally. The Company
controls acreage in Colombia and is active in the Paradox Basin in Utah, the
Panhandle region and Gulf Coast of Texas, the Magnolia area of Arkansas and the
Carlsbad area of New Mexico.
