RELEASE: November 21, 2011
to Inquiry on Recent Stock Activity
DALLAS, TX -- (Marketwire - November 21,
2011) - HKN, Inc. (NYSE Amex: HKN) ("HKN") is issuing this press release to state
that its policy is not to comment on unusual market activity or rumors.
In view of the recent market activity in the stock of HKN, the
NYSE Amex contacted the Company in accordance with its usual practice; HKN
stated that its policy is not to comment on unusual market activity or rumors.
HKN, Inc. is an independent
energy company engaged in the development and production of crude oil and
natural gas assets and in the active management of 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 February 17, 2011.
HKN undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.