8 Feb 2006substantial holder notice● Neutral
The Tail Wind Fund Ltd reported a HKN, Inc. shareholding of 15,264,535 shares (6.40% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Feb 2006material agreement termination▲ GoodMajor
Harken partly unwound its 2004 Eastern Europe bet: International Business Associates redeemed 7,500 of Harken's 12,500 preferred shares for $7.5 million cash, and Harken's board seats on IBA dropped from three to one -- a partial cash-out of that investment.
30 Jan 2006securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
13 Jan 2006securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
6 Jan 2006director interest notice● Neutral
HKN, Inc. President and CEO Mikel D Faulkner bought 40,000 shares on the open market at $0.62.
5 Jan 2006material agreement▲ Good
Global, whose stake held by Harken had fallen further to 34%, signed a new 30-year concession for the 90,000-acre Caracoli area in Colombia's Catatumbo basin.
28 Nov 2005material agreement● Neutral
GEM signed a third coal-bed-methane deal, this time in Ohio with Ohio Triangle for an initial 65% working interest for $100,000, rounding out the Midwest gas program begun earlier in 2005 in Indiana and Ohio.
16 Nov 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
15 Nov 2005director interest notice● Neutral
Jack E Kleinworth Jr. became a HKN, Inc. company insider (initial ownership filing).
10 Nov 2005director interest notice● Neutral
HKN, Inc. Treasurer Rodger L Ehrlish bought 25,000 shares on the open market at $0.69.
4 Nov 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
25 Oct 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
31 Aug 2005material agreement▲ Good
Harken agreed to buy back the 50,000 shares of its Series J convertible preferred stock held by Alexandra Global Master Fund for $5 million cash, retiring that block of preferred at face value.
26 Aug 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
24 Aug 2005securities registration● Neutral
HKN, Inc. registered a securities offering with the SEC using its shelf eligibility.
23 June 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
31 May 2005material agreement● Neutral
Global, now only 70%-owned by Harken (down from 85.62%), signed a technical evaluation agreement with Colombia's hydrocarbons agency for the 2.1-million-acre Valle Lunar area in the Llanos Basin.
26 May 2005director interest notice● Neutral
HKN, Inc. 10%+ owner Lyford Investments Enterprises LTD bought 25,000 shares on the open market at $0.40.
23 May 2005director interest notice● Neutral
HKN, Inc. 10%+ owner Lyford Investments Enterprises LTD bought 40,000 shares on the open market at $0.40.
20 May 2005director interest notice● Neutral
HKN, Inc. 10%+ owner Lyford Investments Enterprises LTD bought 32,500 shares on the open market.
13 May 2005director interest notice● Neutral
HKN, Inc. President and CEO Mikel D Faulkner bought 40,000 shares on the open market at $0.39.
5 May 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 Apr 2005material agreement▲ Good
Global signed a one-year crude-oil sales contract with Petrobras Colombia covering output from its Palo Blanco, Anteojos, Rio Verde, Torcaz and Bolivar fields -- confirming Global already had several producing Colombian fields feeding a single offtake buyer.
12 Apr 2005material agreement▲ GoodMajor
Global Energy Development, now 85%-owned by Harken, signed an exploration contract with Peru's state oil company for the 1.26-million-acre Block 95 in the Marañón Basin, extending its reach beyond Colombia into Peru.
29 Mar 2005material agreement● Neutral
GEM followed with a near-identical coal-bed-methane deal for 400,000 acres in Ohio's Cumberland Prospect, again funding $7.5 million for a 65% interest -- the second of three such Midwest gas deals in 2005.
23 Mar 2005material agreement● Neutral
Harken's Gulf Energy Management subsidiary entered a coal-bed-methane exploration deal for 400,000 acres in Indiana's Posey Prospect, funding $7.5 million in initial costs for a 65% interest -- a new push into onshore US gas alongside the Colombia oil business.
18 Mar 2005financial restatement▼ BadMajor
Harken disclosed its 2004 financial statements could no longer be relied on after its auditor found an unrecorded compensation charge tied to a 2004 stock-option plan change at Global Energy Development, triggering a restatement.
14 Feb 2005substantial holder notice● Neutral
Alexandra Investment Management, LLC, Mikhail A. Filimonov, Dimitri Sogoloff reported a HKN, Inc. shareholding of 10,675,116 shares (4.90% of votes) in a periodic institutional filing.
13 Jan 2005substantial holder notice● Neutral
The Tail Wind Fund Ltd reported a HKN, Inc. shareholding of 18,977,459 shares (8.25% of votes) in a periodic institutional filing.
6 Jan 2005securities registration● Neutral
HKN, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.