SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 28, 2001
HARKEN ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-9207 95-2841597
(State of Incorporation) (Commission File (IRS Employer
No.) Identification No.)
16285 Park Ten Place, Suite 600 77084
Houston, Texas 77084 (ZIP Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (281) 717-1300
Item 4. Changes in Registrant's Certifying Accountant
(a) On August 28, 2001, Harken Energy Corporation (the "Company")
dismissed Arthur Andersen LLP ("Arthur Andersen") as the Company's
independent accountants. The Company has engaged Ernst and Young LLP
("Ernst & Young") as its new independent accountants effective
immediately. The decision to change the Company's independent accountants
was made by the Company's Audit Committee of the Board of Directors.
(b) Arthur Andersen's reports on the Company's consolidated financial
statements for the years ended December 31, 2000 and 1999 did not contain
an adverse opinion or disclaimer of opinion, nor were such reports
qualified or modified as to uncertainty, audit scope, or accounting
principles.
(c) During the two years ended December 31, 2000 and the subsequent
interim period preceding the decision to change independent accountants,
there were no disagreements with Arthur Andersen on any matters of
accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement(s), if not resolved to
the satisfaction of Arthur Andersen, would have caused the former
accountant to make a reference to the subject matter of the
disagreement(s) in connection with its reports covering such periods.
(d) During the two years ended December 31, 2000 and the subsequent
interim period preceding the decision to change independent accountants,
there were no "reportable events" (hereinafter defined) requiring
disclosure pursuant to Item 304 (a) (1) (v) of Regulation S-K. As used
herein, the term "reportable events" means any of the items listed in
paragraphs (a) (1) (v) (A) - (D) of Item 304 of Regulation S-K.
(e) Effective September 5, 2001, the Company engaged Ernst & Young as its
independent accountants. During the two years ended December 31, 2000 and
the subsequent interim period preceding the decision to change
independent accountants, neither the Company nor anyone on its behalf
consulted Ernst & Young regarding either the application of accounting
principles to a specified transaction, either completed or proposed, or
the type of audit opinion that might be rendered on the Company's
consolidated financial statements, nor has Ernst & Young provided to the
Company a written report or oral advice regarding such principles or
audit opinion.
(f) The Company has requested that Arthur Andersen furnish it with a
letter addressed to the Securities and Exchange Commission stating
whether or not it agrees with the above statements. A copy of the letter
from Arthur Andersen dated August 31, 2001 is filed as Exhibit 16.1 to
this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
EXHIBIT
NUMBER DESCRIPTION
16.1 Letter from Arthur Andersen LLP pursuant to
Item 304 (a) (3) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HARKEN ENERGY CORPORATION
By: /s/ Anna M. Williams
--------------------------------
Anna M. Williams
Executive Vice President - Finance
and Chief Financial Officer
Date: September 5, 2001
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
16.1 Letter from Arthur Andersen LLP pursuant to
Item 304 (a) (3) of Regulation S-K.