Harken Energy Completes Two Million Share Buyback of Common Stock

Harken Energy Completes Two Million Share Buyback of Common Stock



DALLAS, Jan. 10  /PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
announced it completed the buyback of two million shares of its common stock at
an average cost of $0.52 per share.  These shares were repurchased as part of
the stock repurchase plan previously announced in September of 2004.

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 [phone].

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,

[phone], for Harken Energy Corporation



Web site:  http://www.harkenenergy.com/ 

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