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Global Energy Development PLC (“Global”) has
been listed on the AIM of the London Stock Exchange since March 2002 (LSE-AIM:GED)
with its operations focused on Latin America, currently Colombia, Peru and
Panama.
At September 30, 2008 and December 31, 2007, we owned approximately 34% of
Global’s ordinary shares. At September 30, 2008, our investment in Global
of $21 million was equal to the market value of our 11.9 million shares of
Global’s common stock based on Global’s closing share price of £0.99
on that date.
For more detailed information on Global and its operations,
please go to www.globalenergyplc.com.
| Please note that any opinion,
estimates or forecasts made by Global Energy Development
PLC or analysts are theirs alone and do not represent
opinions, forecasts or productions of HKN or its management.
HKN does not by its reference to such reports imply
its endorsement of or concurrence with such information,
conclusions or recommendations. |
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