Harken Energy repurchases $5 million in convertible preferreds

By Sheri Kasprzak

New York, Aug. 31 - Harken Energy Corp. has completed a repurchase of $5 million in series J convertible preferred stock from Alexandra Global Master Fund Ltd.

Harken repurchased 50,000 shares of the preferred stock at $100 each.

The conversion price and dividends could not be determined by press time Wednesday.

Based in Southlake, Texas, Harken is an oil and natural gas exploration company.

The company's stock dropped $0.03 to close at $0.61 on Wednesday.

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