NO. 7



Harken Energy Spuds First Exploration Well

Harken Energy Corporation, on behalf of the Bahrain National Oil Company (Banoco),on 9 November spudded its first offshore well in the Fasht al-Jarim reef inBahrain's northern offshore waters at a site lying at some 30 kms. from thecoast. The well is being drilled by the German firm Deutag under contract toHarken and will be taken down to a depth of 14,000 ft. in the Khuff formation.Deutag is utilizing a land drill...