HKN Announces Increase to Stock Repurchase Program
April 19 2012 - 9:36AM
Marketwired
HKN, Inc. (NYSE Amex: HKN) ("HKN") announced today that its Board
of Directors approved an addition of 1 million shares to HKN's
previously-announced stock repurchase program, under which
approximately 42 thousand shares remained available for repurchase
as of March 30, 2012. Pursuant to the terms of the repurchase plan,
HKN is authorized to make purchases in the open market and in
privately negotiated transactions subject to prevailing market
conditions. All such repurchases will be made in compliance with
applicable laws and regulations including Securities and Exchange
Commission rules.
HKN, Inc. is an independent energy company engaged in the
development of a well-balanced portfolio of assets in the energy
industry and in the active management of our energy-based
investments. Additional information may be found at the HKN Web
site, www.hkninc.com. Please e-mail all investor inquiries to
Investorrelations@hkninc.com.
Certain statements in this announcement and inferences derived
therefrom may be regarded as "forward-looking statements" within
the meaning of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are based on the opinions and
estimates of management at the time the statements are made.
Management's current view and plans, however, are subject to
numerous known and unknown risks, uncertainties and other factors
that may cause the actual results, performance, timing or
achievements of HKN to be materially different from any results,
performance, timing or achievements expressed or implied by such
forward-looking statements. The various uncertainties, variables,
and other risks include those discussed in detail in the Company's
SEC filings, including the Annual Report on Form 10-K filed on
March 2, 2012. HKN undertakes no duty to update or revise any
forward-looking statements. Actual results may vary materially.
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