PEDEVCO CORP. (NYSEMKT:PED) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM 3.01 NOTICE OF DELISTING OF FAILURE TO SATISFY A CONTINUED
LISTING RULE OR STANDARD; TRANSFER OF LISTING.
Corp. (the Company) that it had accepted the Companys plan of
compliance (the Plan) which the Company previously presented to
the Exchange on January 28, 2017. The Company has been provided
until June 27, 2018 by the Exchange to regain compliance with
Section 1003(a)(iii) of the NYSE MKT Company Guide, which
requires the Companys stockholders equity to be at least $6
million (as described in the Current Report on Form 8-K filed
with the Securities and Exchange Commission on December 30, 2016,
on December 27, 2016, the Company was notified by the Exchange
that it was not in compliance with Section 1003(a)(iii) of the
NYSE MKT Company Guide). If the Company does not make progress
consistent with the Plan during the Plan period or regain
compliance with the applicable continued listing standards of the
Exchange by June 27, 2018, the Exchange will initiate delisting
proceedings as appropriate.
announcing the acceptance of the Plan by the Exchange, and a copy
of the press release is included herewith as Exhibit 99.1 and is
incorporated by reference herein.
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Exhibit No.
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Description
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99.1
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Press Release dated February 17, 2017
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About PEDEVCO CORP. (NYSEMKT:PED)
PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand. The Company’s operating properties are located in the Wattenberg, Wattenberg Extension and Niobrara formation in the D-J Basin. It holds over 16,160 net D-J Basin acres located in Weld and Morgan Counties, Colorado through its subsidiary, Red Hawk Petroleum, LLC, which acreage is located in the Wattenberg and Wattenberg Extension areas of the D-J Basin that it refers to as D-J Basin Asset. It holds interest in Caspian Energy, Inc., which holds a working interest in production and exploration licenses for an oil and gas producing asset, which covers an area of approximately 380,000 acres and is located in the Pre-Caspian Basin in Kazakhstan. PEDEVCO CORP. (NYSEMKT:PED) Recent Trading Information
PEDEVCO CORP. (NYSEMKT:PED) closed its last trading session up +0.002 at 0.110 with 101,239 shares trading hands.