<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
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)
April 10, 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 this statement / /.
(Continued on following page(s))
Page 1 of 10 Pages
Exhibit Index Appears on Page 8
<PAGE> 2
CUSIP NO. 412552-10-1 13D Page 2 of 10 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 3,004,906 shares
OWNED
BY
EACH 9 SOLE DISPOSITIVE POWER None
REPORTING
PERSON
WITH 10 SHARED DISPOSITIVE POWER 3,004,906 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 3,004,906 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 10 Pages
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.95%
14 TYPE OF REPORTING PERSON CO, HC
<PAGE> 4
CUSIP NO. 412552-10-1 13D Page 4 of 10 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 3,004,906 shares
OWNED
BY
EACH 9 SOLE DISPOSITIVE POWER 101,000 shares
REPORTING
PERSON
WITH 10 SHARED DISPOSITIVE POWER 3,004,906 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 3,105,906 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 10 Pages
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.08%
14 TYPE OF REPORTING PERSON IN
<PAGE> 6
CUSIP NO. 412552-10-1 13D Page 6 of 10 Pages
Item 1. Security and Issuer.
This Amendment No. 10 to Statement on Schedule 13D (this "Amendment"),
filed with respect to events that occurred on or prior to April 10, 1996,
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 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Amended Statement is hereby amended by inserting the
following language before the last paragraph thereof:
"During the period commencing April 8, 1995 through the date of this
Amendment, the Reporting Persons have disposed of an aggregate of 1,436,800
shares of Common Stock in transactions on the American Stock Exchange in
accordance with Rule 144(k) promulgated under the Securities Act of 1933, as
amended. Such sales are detailed on Exhibit V hereto.
Options to acquire 250,000 shares of Common Stock held by the Reporting
Persons expired without being exercised on January 2, 1995."
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 information provided to the Reporting Persons
by the Issuer, the Issuer had a total of 76,146,268 shares of Common Stock
outstanding as of March 7, 1996.
<PAGE> 7
CUSIP NO. 412552-10-1 13D Page 7 of 10 Pages
Pursuant to Rule 13d-3, the Reporting Persons may be deemed to
beneficially own an aggregate of 3,105,906 shares of Common Stock constituting
approximately 4.08% 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
274,686 shares of Common Stock which the Reporting Persons have the right to
acquire through the exercise of outstanding options. Other 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."
<PAGE> 8
CUSIP NO. 412552-10-1 13D Page 8 of 10 Pages
<TABLE>
<CAPTION>
Item 7. Material to be Filed as Exhibits. Page
--------------------------------- ----
<S> <C> <C>
Exhibits A - U: [Previously filed.]
Exhibit V: Sales of Common Stock
April 8, 1995 through
April 10, 1996 10
</TABLE>
<PAGE> 9
CUSIP NO. 412552-10-1 13D Page 9 of 10 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: April 10, 1996
NAR GROUP LIMITED
By: /s/
----------------------
Thomas A. Huser, its
Attorney-in-Fact
ALAN GRANT QUASHA
By: /s/
-----------------------
Thomas A. Huser, his
Attorney-in-Fact
<PAGE> 10
Exhibit Index Page
--------------------------------- ----
Exhibits A - U: [Previously filed.]
Exhibit V: Sales of Common Stock
April 8, 1995 through
April 10, 1996 10
<PAGE> 1
CUSIP NO. 412552-10-1 13D Page 10 of 10 Pages
Exhibit V
<TABLE>
<CAPTION>
Date Number of Shares Price Per Share
- ---- ---------------- ---------------
<C> <C> <C>
4/10/95 24,600 2 1/2
4/10/95 25,000 2 7/16
4/10/95 50,000 2 3/8
4/10/95 25,000 2 5/16
9/15/95 5,000 2
9/18/95 2,000 2
9/19/95 2,500 2
9/20/95 1,500 2
9/21/95 3,000 2
9/22/95 12,100 2
9/29/95 12,500 2
3/11/96 500 2
4/4/96 150,000 2
4/4/96 120,000 2 1/16
4/4/96 100,000 2 1/8
4/4/96 100,000 2 3/16
4/4/96 58,600 2 1/4
4/8/96 44,500 2 1/4
4/10/96 700,000 2
</TABLE>
