Harken Energy Raises $8.4 Million Through Sale of Global Energy Shares to an Institutional Investor
April 14 2005 - 2:24PM
PR Newswire (US)
Harken Energy Raises $8.4 Million Through Sale of Global Energy
Shares to an Institutional Investor DALLAS, April 14
/PRNewswire-FirstCall/ -- Harken Energy Corporation (AMEX:HEC)
negotiated and closed the sale of 2,812,716 shares from its
existing holdings in subsidiary Global Energy Development PLC,
raising $8.4 million in new capital for Harken Energy. This sale of
Harken's Global Energy Development shares to an institutional
investor was conducted through a private sale at market prices. As
a result of this transaction Harken Energy now holds 21,037,213
shares or 74.79% of Global Energy Development. 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 (303)
665-4200. Certain statements in this announcement including
statements regarding future expectations, objectives, intentions
and plans for oil and gas exploration, development and production
may be regarded as "forward-looking statements" within the meaning
of the Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on the opinions and estimates of management at
the time the statements are made. Management's current view and
plans, however, 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. The
various uncertainties, variables, and other risks include those
discussed in detail in the Company's SEC filings, including the
Annual Report on Form 10-K/A dated April 13, 2005. 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. Actual results
may vary materially. Contact: 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, +1-303-665-4200, for Harken Energy
Corporation Web site: http://www.harkenenergy.com/
Copyright
Harken (AMEX:HEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Harken (AMEX:HEC)
Historical Stock Chart
From Jul 2023 to Jul 2024