Harken Energy Subsidiary Commences Rig Mobilization to the Tilodiran # 1 Well on Newly Acquired Rio Verde Acreage in Colombia

Harken Energy Subsidiary Commences Rig Mobilization to the
Tilodiran # 1 Well on Newly Acquired Rio Verde Acreage in Colombia 


DALLAS, Oct. 26  /PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
through its 85% owned subsidiary, Global Energy Development PLC, announces that
it has commenced rig mobilization to the Tilodiran # 1 well on its 75,000 acre
Rio Verde Exploration and Production Contract in Colombia.

Among other obligations, terms of the Rio Verde contract require Harken to
re-complete and equip for production two existing wells located on the Rio
Verde acreage, the Tilodiran # 1 and the Macarenas # 1.  These wells, drilled
in 1986 and 1993 respectively, tested productive.  The Tilodiran # 1 was drill
stem tested at a rate of 258 barrels in five hours of 18 degree to 23 degree
API gravity oil.  The Macarenas # 1 was drill stem tested at a rate of 320
barrels per day of 33 degree API gravity oil.

Harken expects that re-completion operations on the Tilodiran # 1 will require
40 days to equip the well for continuous production.  Harken anticipates that
following start-up of production on the Tilodiran # 1, the same rig will be
mobilized to the Macarenas # 1 for similar re-completion operations.

Global owns a 100% working interest in both the Tilodiran # 1 and Macarenas # 1
wells.

"The commencement of operations on the Rio Verde contract is ahead of our
original expectations," said Stephen C. Voss, Global's Managing Director. "The
Company only signed the contract in mid-September and we believe production
will be starting by December of this year.  This is the shortest interval
between contract signing and first production in Global's history. Besides
these recompletions, which are the initial focus of our efforts during the
remainder of 2004, we're also extremely excited about additional development
around the Tilodiran # 1 and Macarenas # 1 wells as well as the exploration
opportunities located on the remaining Rio Verde contract acreage."

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 June 30, 2004 filed on August 12, 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. 

DATASOURCE: Harken Energy Corporation



CONTACT:  Bill Conboy, Senior Account Executive,  or Bevo

Beaven, Vice President, , both of CTA Public Relations,

[phone], for Harken Energy Corporation



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

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