HKN Inc fka HKNI

[pennystock_es]

Positive Cash Flow From Operations in First Quarter 2010 ¡¡¡

http://finance.yahoo.com/news/HKN-Announces-Net-Income-and-iw-2173408382.html?x=0&.v=1

[pennystock_es]

HKN inc technology for disaster, or Gulf of Mexico ?

OHSOL UPSTREAM

BriteWater International's OHSOL emulsion breaking technology provides a continuous, high-throughput solution for oil production and waste management. OHSOL uses a chemically assisted, thermal flash to break stabilized emulsions and recover clean oil for reprocessing. This is a patented and field-proven process that can be applied either upstream in the oilfield or downstream in refineries or other processing plants.
Problems are handled at the source, not end-of-pipe

BriteWater International's OHSOL process breaks these tough emulsions utilizing low-cost, conventional processing equipment. It completely and permanently breaks stable emulsions generated in oil / water separators, treaters and other production or refining process operations. By operating on the source of the problems, valuable oil is recovered before going to the waste water treatment system. The waste water system no longer needs to handle emulsions, slop oils, sludges or volatile hydrocarbons. Moreover, this process eliminates the need to send slop oils back to the oil / water separator.

Many producers are facing emulsions due to the presence of fine solids, drilling mud and clays, chemicals used in the production process and OHSOL's straightforward design makes it ideal for remote locations such as off-shore production platforms with difficult environmental challenges. Contact us today for more information on how OHSOL Upstream can help you produce more, higher quality crude.

http://www.britewaterintl.com/ohsolupstream.htm

[pennystock_es]

chart :

http://stockcharts.com/h-sc/ui?s=HKN&p=D&yr=1&mn=0&dy=0&id=p88365984464

Hot ...

[pennystock_es]

GLBL ENERGY REG A New High ¡¡¡¡


Identity and percentage of significant shareholders HKN, Inc. 33.56%

http://www.globalenergyplc.com/aim.asp

[pennystock_es]

Oil 85 $ CHART HKN :

http://stockcharts.com/h-sc/ui?s=HKN&p=D&yr=1&mn=0&dy=0&id=p88365984464

[pennystock_es]

RIG CONTRACT :

For Immediate Release
12 February 2010



GLOBAL ENERGY DEVELOPMENT PLC

("Global" or the "Company")


RIG CONTRACT



Global Energy Development PLC, the Latin America focused petroleum exploration and production company (LSE-AIM: "GED"), is pleased to announce that it has signed a rig contract with Saxon Energy Services de Panama S.A. ("Saxon") for the drilling of the Rio Verde 2 exploratory well within the Colombian Rio Verde contract. While the well is deemed exploratory it is located on an identified geologic structure over which the Company has previously acquired 3D seismic.



Rig mobilization is expected to commence at the beginning of March 2010 with the well drilled, completed and tested prior to May 2010. The well has a proposed total depth of approximately 12,500 feet and will target three different formations.



Saxon supplied the rig and other related drilling services for two other wells which the Company has successfully drilled on the contract area.





For further information:



Global Energy Development PLC


Catherine Miles, Company Secretary
[phone]

www.globalenergyplc.com
[phone]




Matrix Corporate Capital LLP
Alastair Stratton
[phone]

Tim Graham
[phone]




Notes to Editors:



The Company's shares have been traded on AIM, a market operated by the London Stock Exchange, since March 2002 (LSE-AIM: "GED"). The Company's balanced portfolio covers the countries of Colombia, Peru and Panama and comprises a base of production, developmental drilling and workover opportunities and several high-potential exploration projects. The Company currently holds seven contracts: five in Colombia; one in Peru; and one in Panama.



The information contained within this announcement has been reviewed by Mr. Stephen Voss, a Director of the Company, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies which outlines standards of disclosure for natural resource projects. Mr. Voss is a Registered Professional Engineer in Texas and has been a Member of SPE for 26 years.

http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=342066227864544&ir_client_id=4367

[pennystock_es]

Reserves totalled $5.0 billion

For Immediate Release
3 February 2010




GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")



RESERVE REPORT



Global Energy Development PLC, the Latin America focused petroleum exploration and production company (LSE-AIM: "GED"), is pleased to announce details of its new reserve report dated 31 December 2009, which has been produced by the independent petroleum engineers Ralph E. Davis Associates, Inc ("RED").



RED reported that proved plus probable ("2P") reserves net to the Company totalled 147.1 million barrels of oil equivalent ("BOE"), an increase on 2008 (as at 31 December 2008: 131.0 million BOE). Within this, the proved reserves were slightly down at 60.8 million BOE and the probable reserves up at 86.3 million BOE due predominately to revised porosity / drainage area parameters and delayed Ecopetrol back-in respectively. Proved plus probable plus possible ("3P") reserves net to the Company also increased and totalled 272.9 million BOE (as at 31 December 2008: 254.6 million BOE).



The reserve report used a West Texas Intermediate ("WTI") price of $79.36, this being the closing price at 31 December 2009 (2008: $44.60). Based upon this starting price, the Net Present Value at a 10% discount ("NPV10") of the proved reserves was $2.0 billion (2008: $1.0 billion). The NPV10 of the 2P reserves totalled $5.0 billion (2008: $1.5 billion) and the NPV10 of the 3P reserves totalled $8.9 billion (2008: $2.3 billion).



For further information:

http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=342066227848250&ir_client_id=4367

[pennystock_es]

Target HKN 10$

pocas acciones, pocos accinistas, pocos nuevos ricos ;)

[pennystock_es]

Hot ...

[pennystock_es]

This business can be gold ... sorry for CEOs

[timberwolf10014]

The numbers are outstanding!!!

If Faulkner had not recently sold most of his Shares, this would be above $5 ... Shame he did not Sell them all. It would be one less thing to worry about.

[pennystock_es]

The NPV10 of the 2P reserves totalled $5.0 billion (2008: $1.5 billion)

For Immediate Release
3 February 2010




GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")



RESERVE REPORT



Global Energy Development PLC, the Latin America focused petroleum exploration and production company (LSE-AIM: "GED"), is pleased to announce details of its new reserve report dated 31 December 2009, which has been produced by the independent petroleum engineers Ralph E. Davis Associates, Inc ("RED").



RED reported that proved plus probable ("2P") reserves net to the Company totalled 147.1 million barrels of oil equivalent ("BOE"), an increase on 2008 (as at 31 December 2008: 131.0 million BOE). Within this, the proved reserves were slightly down at 60.8 million BOE and the probable reserves up at 86.3 million BOE due predominately to revised porosity / drainage area parameters and delayed Ecopetrol back-in respectively. Proved plus probable plus possible ("3P") reserves net to the Company also increased and totalled 272.9 million BOE (as at 31 December 2008: 254.6 million BOE).



The reserve report used a West Texas Intermediate ("WTI") price of $79.36, this being the closing price at 31 December 2009 (2008: $44.60). Based upon this starting price, the Net Present Value at a 10% discount ("NPV10") of the proved reserves was $2.0 billion (2008: $1.0 billion). The NPV10 of the 2P reserves totalled $5.0 billion (2008: $1.5 billion) and the NPV10 of the 3P reserves totalled $8.9 billion (2008: $2.3 billion).



For further information:



Global Energy Development PLC


Catherine Miles, Company Secretary
[phone]

www.globalenergyplc.com
[phone]




Matrix Corporate Capital LLP
Alastair Stratton
[phone]

Tim Graham
[phone]




Notes to Editors:



The Company's shares have been traded on AIM, a market operated by the London Stock Exchange, since March 2002 (LSE-AIM: "GED"). The Company's balanced portfolio covers the countries of Colombia, Peru and Panama and comprises a base of production, developmental drilling and workover opportunities and several high-potential exploration projects. The Company currently holds seven contracts: five in Colombia; one in Peru; and one in Panama.



Proven and probable oil and gas reserves are estimated quantities of commercially producible hydrocarbons which the existing geological, geophysical and engineering data show to be recoverable in future years from known reservoirs. The proved reserves reported by RED conform to the definition approved by the Society of Petroleum Engineers ("SPE") and the World Petroleum Council ("WPC"). The probable and possible reserves reported by RED conform to definitions of probable and possible reserves approved by the SPE/WPC using the deterministic methodology.



The information contained within this announcement has been reviewed by RED.



In addition, the information contained within this announcement has been reviewed by Mr. Stephen Voss, a Director of the Company, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies which outlines standards of disclosure for natural resource projects. Mr. Voss is a Registered Professional Engineer in Texas and has been a Member of SPE for 26 years

[pennystock_es]

Global Energy Development PLC - Operations Update - Rio Verde contract ¡¡
Global Energy Development PLC, the Latin America focused petroleum exploration and production company (LSE-AIM: "GED"), intends to announce Final Results for the year ended 31 December 2009 on 11 March 2010. Prior to this in February 2010 the Company plans to release details of its new reserve report dated 31 December 2009 which has been produced by independent petroleum engineers. This reserve report will use a West Texas Intermediate ("WTI") price of $79.36, this being the closing price at year-end (2008: $44.60).

Production during 2009 was 398,082 barrels of oil ('bbls') net to the Company (unaudited) (2008: 438,007) as the depressed oil price curtailed most proposed activity. The Company acquired very good quality 2D and 3D seismic over its producing Colombian Rio Verde contract towards the end of 2009. This has now been interpreted and the location of the Rio Verde 2 exploratory well, to be drilled before May 2010, is being finalized this week. The rig contractor negotiations for this well are also expected to be finalized shortly. In addition, the Company is strengthening personnel in order to support the increased operational activity anticipated with near-term drilling focused on the Rio Verde contract.

http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=330469816142313&ir_client_id=4367

[pennystock_es]

Up 3$ ¡¡¡¡

Chart : http://stockcharts.com/h-sc/ui?s=HKN&p=D&yr=1&mn=0&dy=0&id=p88365984464

[xanada]

Share buyback totals as of June 30 2009:

Bought in 2009 ... 586,957
Still available number that can be bought under the Jan 2009 filing ... 650,323

[xanada]

Share buyback totals as of June 30 2009:

Bought in 2009 ... 586,957
Still available number that can be bought under the Jan 2009 filing ... 650,323

[xanada]

HKN Announces Small Net Loss for the Second Quarter 2009 and

New Investment Opportunity



Dallas, Texas – August 7, 2009 – HKN, Inc. (NYSE Amex: HKN) (”HKN”) today reported its interim financial results for the three and six months ended June 30, 2009. HKN reported a reduced net loss of $159 thousand during the second quarter of 2009 as compared to a net loss of $1.1 million in the first quarter of 2009.



Focus on Efficient Operations:



During the first half of 2009, oil and natural gas prices have declined sharply as compared to the prior year period. In response to this challenge, we have worked to reduce our controllable costs in order to maintain positive cash flow from operations even during a low commodity pricing environment. We have no debt outstanding, and we have a cash balance of approximately $12.4 million at June 30, 2009. We anticipate our operating cash flow and other capital resources, if needed, will adequately fund our planned capital expenditures and other capital uses over the near-term. Based on industry outlook for 2009, prices for oil and natural gas could remain reduced as compared to the prior year with the perception of future worldwide demand being altered by turmoil in the financial markets.



During 2009, our oil and gas revenue has been comprised of approximately 78% from oil sales and 22% from natural gas sales. During the six months ended June 30, 2009, oil commodity pricing was approximately 57% lower than the prior year period, and natural gas commodity pricing was approximately 63% lower than the prior year period. Our oil and gas revenues are generated from operations in onshore and offshore areas of the Texas and Louisiana Gulf Coast. In conjunction with lower oil and gas commodity pricing during the second quarter 2009, our oil and gas revenues decreased from $7.7 million in the second quarter 2008 to $2.8 million for the second quarter 2009. This decrease was primarily due to the significantly lower oil and gas prices received during the period.



Our oil and gas operating expense decreased 18%, decreasing from approximately $2.4 million during second quarter 2008 to $2 million during second quarter 2009 due primarily to lower operating costs at our Main Pass 35 field and lower production taxes which resulted from lower prices realized on our oil and gas sales during the current quarter.



General and administrative expenses decreased 40% from $1.1 million for the second quarter 2008 to $638 thousand for the second quarter 2009 primarily due to overall lower salary and personnel costs along with decreased professional fees.



OHSOL Investment:



During the second quarter 2009, we acquired an interest in a private company, UniPureEnergy Acquisition Co., LLC, (“UniPure”) with a patented emulsion breaking “OHSOL” technology. This environmentally-clean process can be used to purify oilfield emulsions by breaking and separating the emulsions into oil, water and solids. This technology was successfully tested with a mobile OHSOL unit in a demonstration in Prudhoe Bay, Alaska, proving the effectiveness of the OHSOL emulsion breaking technology to recover valuable hydrocarbons and reduce wastes. During the last half of 2009, we will focus on emulsion testing the OHSOL plant currently located in Texas and commercializing the OHSOL technology.



Under the UniPure Operating Agreement, effective June 30, 2009, we are the Managing Member of UniPure and, as such, possess the legal power to direct the operating policies and procedures of UniPure. Therefore, we have consolidated the assets and liabilities of UniPure as of June 30, 2009, the acquisition date. We did not consolidate the results of operations for the one day ended June 30, 2009, as it was determined to be immaterial.



During the remainder of 2009, we will continue to seek and identify further investment opportunities in undervalued energy-based companies which could provide future value for our shareholders.

[xanada]

HKN, Inc. Announces Investment in UniPureEnergy



Dallas, Texas – June 30, 2009 – HKN, Inc. (NYSE Amex US: HKN) (“HKN”) today announced that it entered into a Securities Exchange Agreement (the “Agreement”) pursuant to which it has acquired a 19.5% interest in UniPureEnergy Acquisition Co., LLC (“UniPure”), in exchange for the issuance of 1,000,000 restricted shares of HKN common stock.


UniPure provides patented technologies that upgrade the value and purity of refined products and provide beneficial economic and positive environmental impact for disposition of residual fuels and waste materials.



The Agreement is with the three existing shareholders of UniPure, Quadrant Management, Inc., (“Quadrant”), UniPureEnergy Acquisition, Ltd. (“UEA”) and Hassan Nemazee (collectively, the “Sellers”). Quadrant and UEA are affiliates of the Quasha family. Alan G. Quasha is the Chairman of the Board of Directors of HKN. Quadrant is the managing member of UniPure. Pursuant to the terms of the investment, HKN and the Sellers have granted to one another put and call options with respect to an additional 3,050 units of UniPure. These options are exercisable only if certain conditions are satisfied prior to June 2012.



As a part of its investment in UniPure, HKN has separately entered into a Loan Agreement with UniPure pursuant to which HKN will make secured loans to UniPure and its subsidiaries up to a maximum amount of $2.5 million. These loans are due and payable on or before June 30, 2012.



HKN, Inc. is an independent energy company focused on enhancing value for our stockholders through the development of a well-balanced portfolio of energy-based assets. Additional information may be found at the HKN Web site, www.hkninc.com. Please e-mail all investor inquiries to [e-mail].

[xanada]

HKN Announces Positive Cash Flow from Operations in First Quarter 2009 even with Dramatically Reduced Oil and Gas Commodity Pricing



Dallas, Texas – May 7, 2009 – HKN, Inc. (NYSE Amex: HKN) (”HKN”) today reported its interim financial results for the three months ended March 31, 2009. HKN reported a net loss of $1.1 million during the first three months of 2009 as compared to net income of $1.1 million in the first three months of 2008.



During the first quarter 2009, oil and natural gas prices declined sharply as compared to the prior year period. However, we have reduced our controllable costs in order to maintain positive cash flow from operations even during the low commodity pricing environment. During the first quarter 2009, oil prices decreased 62% from an average of $97.80 per barrel in the first quarter 2008 to $37.40 per barrel in the first quarter 2009. Prices realized for natural gas sales decreased 52%, averaging $4.32 per mcf in first quarter 2009 compared to $9.00 per mcf during first quarter 2008.



· Our operating expenses per barrel of oil equivalent (“boe”) decreased from $37.64 per boe in first quarter 2008 to $29.66 per boe in first quarter 2009.



· Our general and administrative expenses decreased 54% from $1.2 million for the first quarter 2008 to $551 thousand for the first quarter 2009 primarily due to overall lower salary and personnel costs along with decreased rent and consultant expenses.



We have no debt outstanding, and we have a cash and marketable securities balance of approximately $14.7 million at March 31, 2009. We also anticipate our operating cash flow and other capital resources, if needed, will adequately fund our planned capital expenditures and other capital uses over the near-term. Due to our cost-cutting measures, we have budgeted our 2009 operations to remain cash-flow positive, even at current market pricing.



In January 2009, our Board of Directors authorized an amendment to the existing repurchase plan allowing us to buyback an additional 1.0 million shares of our common stock. During the three months ended March 31, 2009, we repurchased 500 thousand shares of our common stock for $1.3 million from a shareholder in a privately negotiated transaction pursuant to our repurchase program. During the three months ended March 31, 2009, we retired approximately 507 thousand treasury shares. As of March 31, 2009, approximately 737 thousand shares remained available for repurchase under our repurchase program.

[xanada]

HKN Announces Positive Cash Flow from Operations in First Quarter 2009 even with Dramatically Reduced Oil and Gas Commodity Pricing



Dallas, Texas – May 7, 2009 – HKN, Inc. (NYSE Amex: HKN) (”HKN”) today reported its interim financial results for the three months ended March 31, 2009. HKN reported a net loss of $1.1 million during the first three months of 2009 as compared to net income of $1.1 million in the first three months of 2008.



During the first quarter 2009, oil and natural gas prices declined sharply as compared to the prior year period. However, we have reduced our controllable costs in order to maintain positive cash flow from operations even during the low commodity pricing environment. During the first quarter 2009, oil prices decreased 62% from an average of $97.80 per barrel in the first quarter 2008 to $37.40 per barrel in the first quarter 2009. Prices realized for natural gas sales decreased 52%, averaging $4.32 per mcf in first quarter 2009 compared to $9.00 per mcf during first quarter 2008.



· Our operating expenses per barrel of oil equivalent (“boe”) decreased from $37.64 per boe in first quarter 2008 to $29.66 per boe in first quarter 2009.



· Our general and administrative expenses decreased 54% from $1.2 million for the first quarter 2008 to $551 thousand for the first quarter 2009 primarily due to overall lower salary and personnel costs along with decreased rent and consultant expenses.



We have no debt outstanding, and we have a cash and marketable securities balance of approximately $14.7 million at March 31, 2009. We also anticipate our operating cash flow and other capital resources, if needed, will adequately fund our planned capital expenditures and other capital uses over the near-term. Due to our cost-cutting measures, we have budgeted our 2009 operations to remain cash-flow positive, even at current market pricing.



In January 2009, our Board of Directors authorized an amendment to the existing repurchase plan allowing us to buyback an additional 1.0 million shares of our common stock. During the three months ended March 31, 2009, we repurchased 500 thousand shares of our common stock for $1.3 million from a shareholder in a privately negotiated transaction pursuant to our repurchase program. During the three months ended March 31, 2009, we retired approximately 507 thousand treasury shares. As of March 31, 2009, approximately 737 thousand shares remained available for repurchase under our repurchase program.

[xanada]

On January 5, 2009, HKN, Inc. (the “Company”) announced that the Company’s Board of Directors has authorized an amendment to the existing stock repurchase program, announced in September 2005, allowing the Company to buy back up to an additional 1,000,000 shares of its common stock. The existing program has 237,280 shares remaining as of December 31, 2008.




This amendment allows the Company to buy back up to 1,237,280 shares of its common stock. All repurchases will be made from time to time in the open market or through privately negotiated transactions when opportunities to do so at favorable prices present themselves in compliance with all applicable laws and regulations including the Securities and Exchange Commission rules.




The announcement is contained in a press release from the Company that is attached hereto as Exhibit 99.1.

[Bigstud is here]

High today 13.60 .

[Bigstud is here]

high today 12.64 close should be around 11.83-11.93 .

[frenchee]

My W@G is 9.

[pennystock_es]

Target HKN ???

[pennystock_es]

Natural GAS 9,25$ ¡¡¡¡¡ OIL 99 $ ¡¡¡¡

http://quotes.ino.com/chart/?s=NYMEX_NG.J08.E&v=d12

[pennystock_es]

HKN HOT ....

OIL HOT ...

[Bigstud is here]

02/21/08 -- HKN, Inc. (AMEX: HKN) today reported its annual financial results for the year ended December 31, 2007.


HKN reported net income of $3.2 million during 2007 as compared to a net loss of $855 thousand during 2006.
No debt outstanding during 2007.

HKN: Q4 Adj EPS 3c vs 1c

[pennystock_es]

News GLOBAL ENERGY DEVELOPMENT PLC :

RNS Number:7598N
Global Energy Development PLC
12 February 2008


For Immediate Release 12 February 2008


GLOBAL ENERGY DEVELOPMENT PLC

SENIOR MANAGEMENT APPOINTMENT - MANAGING DIRECTOR


Global Energy Development PLC (the 'Company'), the Latin America focused
petroleum exploration and production company (LSE-AIM: 'GED'), is pleased to
announce the appointment of Mr. Stephen Newton to the Company's senior
management as Managing Director with immediate effect.


Mr. Newton, aged 55, has over 33 years of international petroleum experience,
including over 12 years of operational experience in Colombia, the Company's
main country of operation, and six years in Peru. He is an Australian national
and currently resides in Bogota, Colombia.


Mr. Newton was an employee of Occidental Petroleum Corporation for 24 years,
during which time he held a number of positions including President and General
Manager Occidental Colombia and, subsequently, Vice President Occidental as
worldwide head of engineering and technical services. From 1999 to 2001, he ran
Alberta Energy Company's, now EnCana Corporation, operations in Ecuador and
Colombia.


From 2003 to early 2007, Mr. Newton was President and Chief Executive Officer of
Solana Resources Limited (LSE-AIM: 'SORL'), an international resource company he
co-founded in Colombia. During 2007, he was President of Transmeridian
Exploration Inc. (AMEX:TMY) and, most recently, has acted as an independent
energy consultant to companies looking to focus in Latin America, particularly
Colombia.


Mr. Newton holds a Mining / Petroleum Engineering degree from the University of
Queensland, Brisbane, a Master of Science Petroleum Engineering degree from
Imperial College London and an Executive MBA from UCLA. He is a member of The
Society of Petroleum Engineers ('SPE').


Mr. Newton will be based in the Company's Bogota office and be responsible for
all operations, engineering and geological studies, finance and planning and
employees of the Company.


Stephen Voss, the Company's previous Managing Director will assume the role of
Vice Chairman with immediate effect and will remain a member of the Board of
Directors.


Enquiries:

http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=60024315453190&ir_client_id=4367

[frenchee]

HKN expensive...

P/E Ratio: 31.04

P/E Ratio vs. Industry: 153.02%

[jimbonano]

Report out >>>>>>>>>>

http://finance.yahoo.com/q/is?s=hkn

[Bigstud is here]

Purchase 2007-11-27 17,100 $8.06 $137,826
4:48 pm HKN, Inc. HKN LYFORD INVESTMENTS ENTERPRISES LTD
(10% owner)

[cottonmather]

An intermediate trend line is in proximity of the current share price. Drum roll, please.

[tr8dervic]

Not the same company. Sorry.

[lluis69]

HKN New!!! KRG signs five more petroleum contracts.

One question: Is the same HKN Energy Co than HKN Energy Ltd??


KRG signs petroleum contracts with affiliates and subsidiaries of TNK-BP, Korea National Oil Corp, Hillwood, Sterling Energy, Aspect Energy

12 November 2007
Erbil, Kurdistan Region, Iraq

Following the unanimous decisions of the Regional Oil and Gas Council (“the Council”) of the Kurdistan Regional Government (KRG) at its second and third meetings, Dr Ashti Hawrami, the KRG Minister for Natural Resources, today announced that the five production sharing contracts (PSCs) previously approved by the Council have been signed by the KRG with TNK-BP affiliate Norbest Limited, with a Korean consortium headed by Korean state-owned oil company KNOC, with Hillwood International Energy company HKN Energy, and with subsidiaries of UK-listed Sterling Energy LLC and Denver-based Aspect Energy LLC.

“These five PSCs are yet another clear expression of confidence in the strength and stability of the Kurdistan Region,” said Dr Hawrami, “and they produce very comprehensive returns for the people of Iraq.”

The Council had approved these contracts at its earlier meetings, with today’s announcement following formal signing ceremonies in Erbil, the capital of the Kurdistan Region, on Saturday 10 November and Monday 12 November.

(...)

Award of the Sarsang Block (1,226 square kilometres) in Dohuk Governorate to HKN Energy Ltd, a Hillwood International Energy company<u/>. The Sarsang Block is considered to be a medium exploration risk area.

(....)

http://www.krg.org/articles/detail.asp?a...

[cottonmather]

Mutual funds and insiders buying, now numbers coming up good....... you'd think some clear sailing from here.

It is nothing concrete, but p&f charts suggest a $20 target. Check it out at StockCharts.com

[howard2242]

Nice to see. Keep it up and we'll all be happy.

[Bigstud is here]

HKN Continues Profitability During Third Quarter 2007

DALLAS, TX 11/06/07 -- HKN, Inc. (AMEX: HKN) ("HKN") today reported its interim financial results for the three and nine months ended September 30, 2007. HKN reported net income of $2.8 million during the first nine months of 2007 as compared to a net loss of $8 thousand in the first nine months of 2006 on a pro-forma basis.

[pennystock_es]

Costa Rica ?

[frenchee]

Hi hettygreen,

Please add some weekly and daily charts to your iBox.

TIA

[adamski]

HKN Announces Increased Investment in Spitfire Energy, Ltd.
Wednesday August 29, 5:21 pm ET

DALLAS, TX--(MARKET WIRE)--Aug 29, 2007 -- HKN, Inc. (AMEX:HKN - News) ("HKN") announced today that it has acquired 8,000,000 common shares of Spitfire Energy, Ltd. ("Spitfire") through a private placement for investment purposes at $0.50 (Canadian Dollars) per share. This purchase of shares has increased HKN's current ownership of Spitfire to 10,906,500 shares. Subsequent to the issuance of the common shares, HKN's common share holdings will represent approximately 25.4% of the issued and outstanding Spitfire common shares. In conjunction with this private placement, Spitfire agreed to extend the expiry date of the HKN-held warrants to purchase 1,300,000 additional common shares at $1.15 (Canadian Dollars) per share to August 1, 2010.

In conjunction with this private placement and increased ownership position in Spitfire, Mikel Faulkner, HKN President and CEO, and Anna Williams, HKN Vice President of Finance and CFO, have agreed to join Spitfire's board of directors.

Spitfire is an independent public company (CDNX:SEL.V - News) actively engaged in the exploration, development and production of crude oil and natural gas reserves in Western Canada. Additional information may be found at the Spitfire website, www.spitfireenergy.com. All opinions, estimates or forecast made by Spitfire or analysts are theirs alone and do not represent opinions, forecasts or predictions of HKN or its management. HKN does not by its reference imply its endorsement of or concurrence with such information, conclusions or recommendations.

[Bigstud is here]

Insider buy (Director) 1,038 $9.583 2007-08-20
Purchase

[Bigstud is here]

cottonmather Look like your right on the 10.50 test.

[cottonmather]

probably gonna test 10.60 area before going on to 13.40 eom

[cottonmather]

two cup and handles.......

first one to 10.50, the next to 13.40

[Bigstud is here]

Look like this turd is going up slowly.

[StormyMonday]

How can I short this rag?

[JRyan]

DALLAS, TX, Jun 06, 2007 (MARKET WIRE via COMTEX) -- HKN, Inc. (HKN : hkn inc com
News , chart , profile , more
Last: 9.00+0.04+0.45%

1:59pm 06/06/2007

Delayed quote dataAdd to portfolio
Analyst
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Financials
Sponsored by:
HKN9.00, +0.04, +0.4%) today reported that its corporate name was officially changed from Harken Energy Corporation and that a one for 22.4 reverse split of its outstanding common stock became effective as of the opening of trading on June 6, 2007. The Company's common stock symbol on the American Stock Exchange has changed from "HEC" to "HKN." The changes were approved by the Company's stockholders at their annual meeting held on June 4, 2007.
The Company effected the corporate name change to better reflect the evolution and present scope of its business, as well as to evidence the Company's efforts during the last three years to reorganize and simplify its balance sheet, streamline its financial and capital structure and to allow a revitalized approach to its operations.
The Company pursued the reverse split in order to increase the per share trading price of its common stock and to thereby appeal to a broader range of investors and potentially improve trading liquidity. The Company also believes the reverse split will enhance its compliance with stock exchange listing requirements. As a result of the reverse stock split, the Company's outstanding common stock has decreased from approximately 220.4 million to approximately 9.8 million shares. The Company did not issue any fractional shares of its common stock as a result of the reverse split. Stockholders that would otherwise have been entitled to fractional shares in connection with the reverse split will receive a cash payment equal to the same fraction of the closing price of a share of common stock on June 5, 2007.

[PENNYPRINCE 1]

Yes I agree and bought a bunch between .40 and .41

[Bigstud is here]

LYFORD INVESTMENTS ENTERPRISES BUYS 1.3 mil @ .38 and we should go up now one would think.