Harken Energy Provides Domestic Operations Update

Harken Energy Provides Domestic Operations Update 


DALLAS, Nov. 10  /PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
has released updated production figures, well completion status and increased
2004 expected capital expenditures for its domestic oil and gas operations,
which are located primarily along the onshore and offshore Texas and Louisiana
Gulf Coast.  Harken's domestic operations are managed by its wholly owned
subsidiary, Gulf Energy Management Company ("GEM").

Currently, GEM's net domestic production rate is at approximately 9 million
cubic feet equivalent per day.  Harken is committed to the continuing
development of its domestic operations and has increased its 2004 budgeted
capital expenditures by $3 million to approximately $12 million, to grow its
Gulf Coast operations.  The following field data updates the status of GEM's
domestic operations through the end of October.

Lapeyrouse Field. Terrebonne Parish -- Louisiana

GEM has participated in an active field redevelopment program that has included
an interest in 6 successful wells in the Lapeyrouse field since the fourth
quarter of 2003.  GEM holds an average non-operated working interest of 10% in
each of the six wells that are together producing at a combined gross rate of
24 million cubic feet equivalent per day, for a net production to GEM of
approximately 1.6 million cubic feet equivalent per day.  Two additional wells
have been proposed and approved for drilling as soon as rigs become available. 
Both are projected to have a total depth of about 15,000' TVD.

Main Pass, Plaquemines Parish -- Louisiana

GEM sustained minor damage to its offshore facility from Hurricane Ivan in
September 2004 interrupting its Main Pass 35 operations.  Repairs are now
essentially complete, and production from Main Pass 35 has now fully resumed.
GEM holds an average 90% working interest in the Main Pass field.  GEM
continues its geological and geophysical study, utilizing the recently acquired
license to 21 square miles of 3D seismic data covering the area held by
production leases.

Raymondville, Willacy and Kenedy Counties -- Texas

GEM is continuing to participate in an aggressive workover and recompletion
program at Raymondville to bring on new reservoir production. This program has
included 15 recompletions to date this year, of which 14 have been successful. 
GEM has an average 27% non-operated working interest in this field.

Lake Raccourci Field, Lafourche Parish -- Louisiana

As of October 2004, the Lake Raccourci field production rate, which had doubled
during the first quarter of 2004, is now at approximately 8.5 million cubic
feet per day, gross.  GEM holds a 40% operated working interest in each of its
Lake Raccourci wells.  GEM is presently evaluating prospects in the field using
its 60-square mile reprocessed 3D seismic database.

New 3D Seismic Licenses Acquired -- Louisiana

GEM has acquired a license covering approximately 155 square miles of 3D
seismic data in three different surveys across south Louisiana.  The largest
database is in Terrebonne Parish and includes approximately 70 square miles.
Approximately 56 square miles is in Cameron Parish, and approximately 29 square
miles in Iberville Parish.  A number of leads have developed in this continuing
study.  The process of cataloging and prioritizing is underway.

New Mineral Interest Acquired -- Texas and Louisiana

GEM has acquired mineral interest in 6 drill-ready prospects in Texas and
Louisiana.  These prospects are generally multi-well opportunities,
exploitation in nature with an exploration component.  The first two of these
wells, in the South Beach and Branville Bay Fields, as described below, have
been drilled and logged.

South Beach Field, Chambers County -- Texas

GEM has a non-operated working interest of 9.375% in this area.  The initial
well was drilled to a true vertical depth of 10,750 feet.  The well was logged
productive in two sands.  The well has been completed in the lower sand.  Based
on nearby wells in the same sand, GEM expects initial production to be about 7
million gross cubic feet of natural gas and about 300 gross barrels per day of
condensate.  First sales are expected in late November or early December 2004.

Branville Bay Field, Plaquemines Parish -- Louisiana

GEM has a non-operated working interest of 12.5% in this area.  The initial
well was drilled to a total depth of 7,400 feet.  This well also logged
productive in two sands.  The well was completed as a dual with total expected
gross production of about 500 Bbls per day oil.  The first sales of production
are expected in December 2004.

"We are pleased with the results from our domestic operations through the first
ten months of 2004.  Our two new successful wells have the potential to
increase our current daily production by approximately 10%.  Also, we are
confident that further analysis of our existing and newly acquired 3-D seismic
data will allow us to identify new prospects," said Jim Denny, President of
Gulf Energy Management Company, a wholly owned subsidiary of Harken Energy
Corporation.  "Since our last update we added four new prospects to complement
our existing domestic portfolio and accelerate production growth.  We remain
strongly committed to our 2004 goal to add production and to generate increased
sales of oil and gas from our domestic assets at reasonable finding costs."

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 such as "potential," "accelerate" and "growth" 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 and nine months 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.

   Bevo Beaven, Vice President
   Bill Conboy, Senior Account Executive
   CTA Public Relations
   303-665-4200
   
   

DATASOURCE: Harken Energy Corporation



CONTACT:  Bevo Beaven, Vice President, , or Bill Conboy,

Senior Account Executive, , both of CTA Public Relations,

[phone], for Harken Energy



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

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