UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
HARKEN ENERGY CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
(Title of Class of Securities)
412 552 10 1
(CUSIP Number)
Michael J. Parsons
Momentum Operating Co., Inc.
232 South Main
Albany, Texas 76430
(915) 762-3331
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
AUGUST 19, 1996
(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 the statement [ ]. (A fee is
not required only if the reporting person (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
CUSIP NO.: 412 552 10 1
1 NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Momentum Operating Co., Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
N/A (b)[ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
N/A
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OF 7 SOLE VOTING POWER
SHARES 4,421,800 shares of Common Stock, $.01 par value
BENEFICIALLY per share, of Harken Energy Corporation
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING -0-
PERSON
WITH 9 SOLE DISPOSITIVE POWER
4,421,800 shares of Common Stock, $.01 par value
per share, of Harken Energy Corporation
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,421,800 shares of Common Stock, $.01 par value per share, of
Harken Energy Corporation
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ]
SHARES*
N/A
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8% of the Common Stock of Harken Energy Corporation
14 TYPE OF REPORTING PERSON*
CO
<PAGE>
Capitalized terms that are used herein and are defined in the Schedule
13D of Momentum Operating Co., Inc. filed on July 18, 1996 (the "Initial
Schedule 13D") have the meanings ascribed to them in the Initial Schedule 13D.
Item 5. Interest In Securities of the Issuer.
The information furnished under this Item in the Initial Schedule 13D
is, as a result of a disposal of shares of Common Stock made by Momentum on
August 19, 1996, hereby amended by the deletion of the first sentence and the
insertion in its place of the following:
As of August 19, 1996, Momentum beneficially owned and had the power to
vote and dispose of shares of Common Stock representing approximately
4.8% of the shares of Common Stock outstanding (based on 92,145,796
shares of Common Stock reported in Form S-3 filed on August 6, 1996).
Therefore, Momentum is no longer a person subject to the reporting
requirements of Section 13(d) of the Securities Exchange Act of 1934, as
amended, with regards to the Common Stock.
Signature.
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
August 26, 1996 MOMENTUM OPERATING CO., INC.
By: /s/ MICHAEL J. PARSONS
Michael J. Parsons
President
