0001140361-12-010942.txt : 20120227
0001140361-12-010942.hdr.sgml : 20120227
20120227070441
ACCESSION NUMBER: 0001140361-12-010942
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20120227
DATE AS OF CHANGE: 20120227
GROUP MEMBERS: AEF FINANCE LTD.
GROUP MEMBERS: LYFORD INVESTMENTS ENTERPRISES LTD.
GROUP MEMBERS: QUADRANT MANAGEMENT INC.
GROUP MEMBERS: UNIPUREENERGY ACQUISITION LTD.
GROUP MEMBERS: WAYNE QUASHA
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: HKN, Inc.
CENTRAL INDEX KEY: 0000313478
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 952841597
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-31407
FILM NUMBER: 12640126
BUSINESS ADDRESS:
STREET 1: 180 STATE STREET
STREET 2: SUITE 200
CITY: SOUTHLAKE
STATE: TX
ZIP: 76092
BUSINESS PHONE: (817) 424-2424
MAIL ADDRESS:
STREET 1: 180 STATE STREET
STREET 2: SUITE 200
CITY: SOUTHLAKE
STATE: TX
ZIP: 76092
FORMER COMPANY:
FORMER CONFORMED NAME: HARKEN ENERGY CORP
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: HARKEN OIL & GAS INC
DATE OF NAME CHANGE: 19890109
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Brean Murray Carret Group Inc.
CENTRAL INDEX KEY: 0001449359
IRS NUMBER: 000000000
STATE OF INCORPORATION: D8
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: TROPIC ISLE BUILDING
STREET 2: P O BOX 3331
CITY: ROAD TOWN TORTOLA
STATE: D8
ZIP: VG 1110
BUSINESS PHONE: 212-848-9801
MAIL ADDRESS:
STREET 1: TROPIC ISLE BUILDING
STREET 2: P O BOX 3331
CITY: ROAD TOWN TORTOLA
STATE: D8
ZIP: VG 1110
SC 13D
1
formsc13d.txt
BREAN MURRAY CARRET GROUP INC SC 13D 2-24-2012 (HKN INC)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
HKN, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
40420K103
--------------------------------------------------------------------------------
(CUSIP Number)
Brean Murray Carret Group Inc.
Tropic Isle Building, P.O. Box 3331
Road Town, Tortola
British Virgin Islands, VG 1110
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 24, 2012
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 40420K103 13D Page 2 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Lyford Investments Enterprises Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
CO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Common - 6,575,649
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Common - 6,575,649
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,575,649
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.58%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 3 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
AEF Finance Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
CO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Common - 6,575,649
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Common - 6,575,649
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,575,649
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.58%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 4 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
UniPureEnergy Acquisition Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
CO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Common - 2,486,572
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Common - 2,486,572
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,486,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.46%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 5 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Quadrant Management, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
CO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
Common - 184,487; Restricted - 1,286,223
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON Common - 184,487; Restricted - 1,286,223
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,470,710
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.96%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 6 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Brean Murray Carret Group Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY Common - 9,246,708; Restricted - 1,286,223
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Common - 9,246,708; Restricted - 1,286,223
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,532,931
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.99%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 7 of 11 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Wayne Quasha
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Australia
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY Common - 9,246,708; Restricted - 1,286,223
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
Common - 9,246,708; Restricted - 1,286,223
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,532,931
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.99%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 40420K103 13D Page 8 of 11 Pages
________________________________________________________________________________
Item 1. Security and Issuer.
The title of the class of equity securities to which this statement relates
is common stock, $0.01 par value (the ?Common Stock?), of HKN, Inc. (the
?Issuer?), whose principal executive offices are located at 180 State Street,
Suite 200, Southlake, TX 76092.
________________________________________________________________________________
Item 2. Identity and Background.
This statement on Schedule 13D (the "Statement") is being jointly filed by
each of the following persons (being herein collectively referred to as the
"Reporting Persons") pursuant to Section 13(d) of the Securities Exchange Act of
1934, as amended (the "Act"), with respect to the Common Stock: Brean Murray
Carret Group Inc., a British Virgin Islands company ("Brean"); Lyford
Investments Enterprises Ltd., a British Virgin Islands company ("Lyford"); AEF
Finance Ltd., a British Virgin Islands company ("AEF");UniPureEnergy Acquisition
Ltd., a British Virgin Islands company ("UEA"); Quadrant Management, Inc., a
Delaware corporation ("Quadrant"); and Wayne Quasha ("Quasha") as the beneficial
owner of the WQ, AQ and JQ Trusts.
The Reporting Persons are making a single joint filing pursuant to Rule
13d-1(k)(1) of the Act.
Previously, Lyford, UEA and Quadrant reported beneficial ownership of
6,575,649, 2,486,572 and 1,470,710 shares of stock, respectively.
The Reporting Persons are filing this Statement because they may be deemed
to be a "group" within the meaning of Section 13(d)(3) of the Act, with respect
to the transaction described in Item 4 of this Statement. Except as expressly
otherwise set forth in this Statement, each Reporting Person disclaims
beneficial ownership of the shares of Common Stock beneficially owned by any
other Reporting Person or any other person.
On October 9, 2011, Phyllis Quasha ceased to beneficially own all of the
shares of Brean as a result of her death. During her lifetime Mrs. Quasha
settled the Everest Trust under which she was the beneficial owner of Brean.
Subsequent to her death, Wayne Quasha settled the AQ, JQ and WQ trusts of which
he is the beneficial owner and appointed the assets from the Everest Trust to
these trusts making him the beneficial owner of Brean. The AQ, JQ and WQ trusts
now owns all of the shares of Brean which controls UEA, AEF, Lyford and
Quadrant. Vicali Services (BVI) Inc., a British Virgin Islands company
("Vicali"),is the sole director of Brean, and Susan V. Demers, a United States
citizen ("Demers"), and Andrea J. Douglas, a citizen of New Zealand ("Douglas"),
are the directors of Vicali.
The principal business address and principal business or occupation of each
Reporting Person is as follows:
Name and Business Address Principal Business or Occupation
Brean Murray Carret Group Inc. Investment holding company
Tropic Isle Building
P.O. BOX 3331
Road Town, Tortola
British Virgin Islands VG 1110
AEF Finance Ltd. Investment holding company
Tropic Isle Building
P.O. BOX 3331
Road Town, Tortola
British Virgin Islands VG 1110
Lyford Investments Enterprises Ltd. Investment holding company
Tropic Isle Building
P.O. BOX 3331
Road Town, Tortola
British Virgin Islands VG 1110
UniPureEnergy Acquisition Ltd. Investment holding company
Tropic Isle Building
P.O. BOX 3331
Road Town, Tortola
British Virgin Islands VG 1110
Quadrant Management, Inc. Investment company
40 West 57th Street, 20th Floor
New York, NY 10019
Wayne Quasha Investor
Lyford Suites
Suite 12
Lyford Cay Club
Nassau, New Providence
The Bahamas
Vicali Services (BVI) Inc. Company administration
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Susan V. Demers Attorney
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Andrea J. Douglas Accountant
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
During the past five years, no Reporting Person and, to the knowledge of
the Reporting Persons, none of the executive officers or directors of the
Reporting Persons, if applicable, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
On September 13, 2010, UEA and Quadrant elected to exercise the put option
granted pursuant to the Securities Exchange Agreement the parties entered into,
upon which HKN, Inc. issued 454,392 shares of additional restricted common stock
to UEA and 89,358 shares of additional restricted common stock to Quadrant. On
April 12, 2011, Lyford, UEA and Quadrant participated in a rights offering, upon
which HKN, Inc. allocated 3,390,679 shares of common stock to Lyford, 1,282,180
shares of common stock to UEA And 95,129 shares of common stock to Quadrant. On
June 3, 2011, HKN elected to purchase units pursuant to the Securities Exchange
Agreement the parties entered into, upon which HKN, Inc. issued 1,245,373 shares
of additional restricted common stock to Quadrant. On November 14, 2011, HKN
elected to purchase the remaining units pursuant to the Securities Exchange
Agreement the parties entered into, upon which HKN, Inc. issued 40,850 shares of
additional restricted common stock to Quadrant.
________________________________________________________________________________
Item 4. Purpose of Transaction.
The Reporting Persons acquired the shares of Common Stock of the Issuer for
general investment purposes. The Reporting Persons will continuously evaluate
their ownership of Common Stock and the Issuer's business and industry.
Depending on market conditions and other factors that the Reporting Persons may
deem material to their investment decision, including the availability of other
investment opportunities, each Reporting Person may from time to time acquire
additional shares of Common Stock that such Reporting Person now owns or may
hereafter acquire.
Without limitation of the foregoing (and consistent with their investment
purpose), the Reporting Persons will continue to consider alternative courses of
action and will in the future take such actions with respect to their investment
in the Issuer as they deem appropriate in light of the circumstances existing
from time to time. Such actions, in addition to that discussed above, may
include making recommendations to members of management concerning various
business strategies, acquisitions, policies, seeking to acquire control of the
Issuer through a merger, proxy solicitation, tender offer, significant equity
investment, exchange offer or otherwise, or such other actions as the Reporting
Persons may deem appropriate.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons may be deemed to be a group according to the
rules under the Act, and as such a group, may be deemed to beneficially own an
aggregate of 10,532,931 shares of Common Stock as of February 24, 2012, which
was approx. 56.99% of the outstanding Common Stock on such date (all
computations of the percentage of Common Stock as reported in the Issuer's
latest 10-Q statement, as filed with the Securities and Exchange Commission). As
of February 24, 2012, each Reporting Person beneficially owns the following
number of shares of Common Stock:
Name of Filing Person Shares Percent of
Beneficially Owned Outstanding
AEF Finance Ltd. 6,575,649 35.58%
Lyford Investments Enterprises Ltd. 6,575,649 35.58%
UniPureEnergy Acquisition Ltd. 2,486,572 13.46%
Quadrant Management, Inc. 1,470,710 7.96%
Brean Murray Carret Group Inc. 10,532,931 56.99%
Wayne Quasha 10,532,931 56.99%
(b) Brean is deemed to have the power to vote or to direct the vote of, and
to dispose or direct the disposition of, the Common Stock beneficially owned by
UEA, Lyford, AEF and Quadrant. Because of his relationship to Lyford, AEF, UEA &
Quadrant as identified in Item 2 above, Quasha shares voting and dispositive
power with regard to the Common Stock owned by UEA and Quadrant and, therefore,
may be deemed to have indirect beneficial ownership of the Common Stock owned by
UEA, Lyford, AEF and Quadrant.
(c) The following transactions were effective by the identified parties
during the sixty days preceding the date of filing of this Schedule 13d:
Reporting Person Date Buy/Sell No. of Shares Price/Sh
Lyford Investments Enterprises
UniPureEnergy Acquisition Ltd.
Quadrant Management, Inc.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Except as described herein, none of the Reporting Persons, and none of the
executive officers or directors of the Reporting Persons, has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer, including but not limited
to, transfer or voting of any of the securities of the Issuer, finder's fees,
joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of proxies,
or a pledge or contingency the occurrence of which would give another person
voting or vestment power over securities of the Issuer.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
Joint Filing Agreement, dated February 24, 2012.
________________________________________________________________________________
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 24, 2012
Brean Murray Carret Group, Inc.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
AEF Finance Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
Lyford Investments Enterprises Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
UniPureEnergy Acquisition Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
Quadrant Management, Inc.
Its Director
By: /s/ Marco Vega
Name: Marco Vega
Title: CFO
Wayne Quasha
EX-1
2
ex1.txt
EXHIBIT 1
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned agree to the joint filing of a Statement on
Schedule 13D (including any and all amendments thereto) with respect to the
shares of Common Stock, $0.01 par value, of HKN Inc. and further agree that this
Joint Filing Agreement be included as an Exhibit thereto. In addition, each
party to this Agreement expressly authorizes each other party to this Agreement
to file on its behalf any and all amendments to such Statement.
Dated: February 24, 2012
Brean Murray Carret Group, Inc.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
AEF Finance Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
Lyford Investments Enterprises Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
UniPureEnergy Acquisition Ltd.
By: Vicali Services (BVI) Inc.
Its Director
By: /s/ Susan V. Demers
Name: Susan V. Demers
Title: Director
Quadrant Management, Inc.
Its Director
By: /s/ Marco Vega
Name: Marco Vega
Title: CFO
Wayne Quasha