HKN » Topics » Direct Sales of Global Common Shares -

This excerpt taken from the HKN 10-K filed Feb 21, 2008.
Direct Sales of Global Common Shares – During 2005, we sold certain of our common shares of Global through numerous individual transactions in the market through the year in exchange for total cash consideration, net of fees, of approximately $40 million. We recognized gains on these sales of approximately $32.5 million within Gain on Sale of Global Shares for the year ended December 31, 2005.  We had no similar sales in 2006 and 2007.

 

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