Rex Energy Corporation (NASDAQ:REXX) Files An 8-K Regulation FD Disclosure
Item7.01 Regulation FD Disclosure.
On December13, 2016, Rex Energy Corporation (Nasdaq: REXX) (Rex
or the Company) issued a press release regarding its listing
status on the Nasdaq Capital Market. In the press release, a copy
of which is attached to this Form 8-K as Exhibit 99.1, the
Company confirmed that Nasdaq has approved Rexs continued listing
on the Nasdaq Capital Market and has granted Rex an additional
180-day period (until June12, 2017) in which to regain full
compliance with the minimum bid requirement. In its request for
the additional compliance period, the Company included a
commitment to effect a reverse stock split within the additional
compliance period if such action should be necessary to regain
compliance.
The information in Item7.01 in this Current Report on Form 8-K is
being furnished and shall not be deemed to be filed for the
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of such section, nor shall such information be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Exhibit Title |
|
| 99.1 | Rex Energy Corporation Press Release dated December 13, 2016 |
About Rex Energy Corporation (NASDAQ:REXX)
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky. Rex Energy Corporation (NASDAQ:REXX) Recent Trading Information
Rex Energy Corporation (NASDAQ:REXX) closed its last trading session up +0.020 at 0.522 with 3,471,018 shares trading hands.
