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Halcon Resources Corp. Message Board

whywhywhyenron 1 post  |  Last Activity: Jun 9, 2014 5:45 PM Member since: Jan 3, 2002
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  • Did Floyd Wilson and the HK Board breach their fiduciary duty to current investors by their “premature” sale to Apollo of “HK TMS’ undisclosed strong results” of an early TMS well.

    This strong result would obviously have raised the HK price very markedly, by at least 20-40% valued at over $500 million to $1 Billion. Results of the two spudded wells and wells to be drilled looks like an unfair deal for HK shareholders.

    For Comparison
    Goodrich GDP on April 14, 2014 had its first TMS well produce at a 1270 B/D oil Equivalent and its stock price rose 27% in a few days and about 65% in a month+.

    Halcon’s Horseshoe Hill 11-22H-1 TMS well has produced at a 1548 B/D oil Equivalent. HK stock DOWN almost 3%. HK shold be up by 20-40% or over $500 Million to $1 Billion in the shareholders pockets, not in Apollo Global's.

    We need more detailed info and data from Floyd.

    Sentiment: Buy

5.56-0.03(-0.54%)Aug 22 4:03 PMEDT

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