313478--2/28/2007--HARKEN_ENERGY

related topics

{gas, price, oil}

{stock, price, share}

{loss, insurance, financial}

{stock, price, operating}

{loan, real, estate}

{operation, international, foreign}

{control, financial, internal}

{cost, regulation, environmental}

{condition, economic, financial}

{operation, natural, condition}

{financial, litigation, operation}

{capital, credit, financial}

Risk factors associated with our financial condition: If we fail to achieve and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act, we may not be able to accurately report our financial results. Our financial condition may suffer if estimates of its oil and gas reserve information are adjusted, and fluctuations in oil and gas prices and other factors affect our oil and gas reserves. If estimated discounted future net cash flows decrease, we may be required to take writedowns. If we do not continue to meet the listing requirements of the American Stock Exchange, our common stock could be delisted. One of our shareholders owns a significant amount of our common stock and exercises significant control over us. Risks associated with our crude oil and natural gas operations: Our future success depends on our ability to find, develop and acquire oil and gas reserves. Actual quantities of recoverable oil and gas reserves and future cash flows from those reserves most likely will vary from our estimates. Oil and gas price fluctuations in the market may adversely affect the results of our operations. Our operations require significant expenditures of capital that may not be recovered. The oil and gas we produce may not be readily marketable at the time of production. We may encounter operating hazards that may result in substantial losses. Drilling oil and gas wells particularly in certain regions of the United States could be hindered by hurricanes, earthquakes and other weather-related operating risks. We face strong competition from larger oil and gas companies, which could result in adverse effects on our business. Our operations are subject to various litigation that could have an adverse effect on our business. Compliance with, or breach of, environmental laws can be costly and could limit our operations. Risk factors associated with our investment activities: Our investment activities may cause us to become a registered investment company Changing conditions in financial markets and the economy could result in decreased trading revenues. Our principal trading and investments expose us to risk of loss. We may suffer losses through futures trading. We may suffer losses on our investments from exchange rate fluctuations. Unauthorized hedging and related activities could result in significant losses. Risks associated with market conditions: Our stock price is volatile and the value of any investment in our common stock may fluctuate. Future sales of our common stock may affect the market price of our common stock. We have issued shares of preferred stock with greater rights than our common stock and may issue additional shares of preferred stock in the future.

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313478--2/28/2007--HARKEN_ENERGY_CORP