HARKEN TO TEST PERMIAN KHUFF OFF BAHRAIN
Harken Energy Corp. has its sights set on early spudding of the first wildcat under terms of a new production sharing contract in the Persian Gulf off Bahrain. The contract, which covers almost all of the country's off shore acreage, requires the Dallas independent to spud a wildcat to test Permian Khuff carbonate within 2 years. Harken hopes to spud this year. The first wildcat will be drilled at Jarim reef, a seabed anomaly exposed at low tide.