XML 21 R9.htm IDEA: XBRL DOCUMENT

HKN Bakken, Inc.	3 Months Ended
Mar. 31, 2014
Hkn Bakken Inc.
HKN Bakken, Inc.	(3) HKN BAKKEN, INC. HBI holds non-operated working interests in properties strategically located in the Bakken and Niobrara shale oil plays. We invested in these assets because we believe they present significant near-term growth potential and align well with our long term investment goals. We continue to invest in HBI on a non-operated basis, in all phases of the oil and gas business, including participation in the drilling, completion, operation and maintenance of oil and gas wells. During the three months ended March 31, 2014, we invested approximately $110 thousand in drilling and completion costs. During April 2014, we executed and closed on an agreement for the final dissolution of Gerrity Oil, LLC. Within this agreement, HBI sold its interest in four Bakken wells and a six acre parcel of land in Colorado for proceeds of approximately $271 thousand.

HKN Bakken, Inc.

3 Months Ended

Mar. 31, 2014

(3) HKN BAKKEN, INC.

HBI holds non-operated working interests in properties strategically located in the Bakken and Niobrara shale oil plays. We invested in these assets because we believe they present significant near-term growth potential and align well with our long term investment goals. We continue to invest in HBI on a non-operated basis, in all phases of the oil and gas business, including participation in the drilling, completion, operation and maintenance of oil and gas wells. During the three months ended March 31, 2014, we invested approximately $110 thousand in drilling and completion costs.

During April 2014, we executed and closed on an agreement for the final dissolution of Gerrity Oil, LLC. Within this agreement, HBI sold its interest in four Bakken wells and a six acre parcel of land in Colorado for proceeds of approximately $271 thousand.