Harken Energy Corporation
TSX VENTURE : SEL
AMEX : HEC

December 19, 2006 13:29 ET

Harken Energy Corporation's Holdings in Spitfire Energy, Ltd.

DALLAS, TX--(CCNMatthews - December 19, 2006) - Harken Energy Corporation (AMEX: HEC) (incorporated in the State of Delaware in the United States of America) announced that it has acquired 2,600,000 common shares and 1,300,000 warrants to acquire common shares of Spitfire Energy, Ltd. (TSX-V: SEL) ("Spitfire") through a private placement for investment purposes. Subsequent to the issuance of these shares, these common share holdings will represent approximately 9.0% of the newly outstanding Spitfire common shares (12.92% assuming exercise of the warrants).

Harken Energy Corporation is an independent oil and gas exploration, development and production company who seeks to invest in energy-based growth opportunities.

Additional information may be found at the Harken Energy Corporation website, www.harkenenergy.com. Please email all investor inquiries to:

HECinquiries@ctapr.com

This press release has been issued in order to comply with applicable securities legislation.

The TSX Venture Exchange does not accept responsibility for the adequacy of accuracy of this release.

(Not for dissemination in the United States of America)

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