TRIANGLE PETROLEUM CORPORATION (NYSEMKT:TPLM) 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 or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On March 27, 2017, Triangle Petroleum Corporation (the Company)
received a letter from the NYSE MKT LLC (the NYSE MKT) stating
that the Company is no longer suitable for listing on the NYSE
MKT. The NYSE MKT has indicated that it will begin delisting
proceedings to Section 1002(c) of the NYSE MKT Company Guide
following the Companys disclosure on March 24, 2017 of the
effectiveness of the Chapter 11 plan of reorganization for
Triangle USA Petroleum Corporation, the Companys former
The Company has a right to a review of the NYSE MKTs delisting
determination; however, the Company does not intend to appeal the
determination. Therefore, it is expected that the NYSE MKT will
apply to the Securities and Exchange Commission to delist the
Companys common stock upon completion of all applicable
procedures and that the common stock will be delisted from the
NYSE MKT upon the completion of such procedures.
Item 7.01 Regulation FD Disclosure.
On March 27, 2017, the Company issued a press release announcing
the notice of delisting from the NYSE MKT as described above in
Item 3.01,a copy of which is filed as Exhibit 99.1 hereto.
The information in Item 7.01 of this Current Report on Form 8-K
is being furnished and shall not be deemed filed for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that Section.The
information in Item 7.01 of this Current Report on Form 8-K shall
not be incorporated by reference into any registration statement
or other document filed to the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific
reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
Triangle Petroleum Corporation Press Release, dated March
About TRIANGLE PETROLEUM CORPORATION (NYSEMKT:TPLM)
Triangle Petroleum Corporation (Triangle) is an energy holding company. The Company operates through two segments: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells. The Company has three principal lines of business: oil and natural gas exploration, development and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Company’s subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA), the Company’s subsidiary, conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources. TRIANGLE PETROLEUM CORPORATION (NYSEMKT:TPLM) Recent Trading Information
TRIANGLE PETROLEUM CORPORATION (NYSEMKT:TPLM) closed its last trading session 00.000 at 0.268 with 341,938 shares trading hands.