Alta Mesa Resources Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards
21 Agosto 2019 - 3:30PM
Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa Resources” or
the “Company”) today announced that The NASDAQ Stock Market LLC
(“NASDAQ”) notified the Company on August 16, 2019 that it is not
in compliance with NASDAQ Listing Rule 5250(c)(1) for continued
listing due to the delay in filing its Quarterly Report on Form
10-Q for the quarter ended June 30, 2019. Previously, NASDAQ
had granted the Company an exception until September 30, 2019 to
file its delinquent Annual Report on Form 10-K for the year ended
December 31, 2018, its delinquent Quarterly Report on Form 10-Q for
the period ended March 31, 2019 and its Quarterly Report on Form
10-Q for the period ended June 30, 2019. The Company is
required to submit an update to its original plan to regain
compliance with NASDAQ Listing Rule 5250(c)(1) for continued
listing by September 3, 2019. Any additional exception to
allow the Company to regain compliance with all delinquent filings
will be limited to September 30, 2019. The notice has no
immediate effect on the listing of the Company’s Class A Common
Stock on NASDAQ’s exchange. The Company intends to submit its
curative plan to NASDAQ prior to September 3, 2019 and is working
to complete the Quarterly and Annual Reports to regain compliance.
Safe Harbor Statement and Disclaimer:
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
including but not limited to, the timing of the filing of the
Company’s Annual Report on Form 10-K and Quarterly Reports on Form
10-Q, are forward-looking statements. These forward-looking
statements are based on the Company’s current expectations and
assumptions about future events and are based on currently
available information as to the outcome and timing of future
events. Alta Mesa Resources cautions you that these forward-looking
statements are subject to risks and uncertainties that could cause
actual events or results to differ from those referred to in such
forward-looking statements. All forward-looking statements,
expressed or implied, included in this press release are expressly
qualified in their entirety by this cautionary statement.
Except as otherwise required by applicable law, Alta Mesa Resources
disclaims any duty to update any forward-looking statements, all of
which are expressly qualified by the statements in this section, to
reflect events or circumstances after the date of this press
release.
About Alta Mesa Resources:Alta Mesa Resources,
Inc. is an independent energy company focused on the development
and acquisition of unconventional oil and natural gas reserves in
the Anadarko Basin in Oklahoma, and through Kingfisher Midstream,
LLC, provides best-in-class midstream energy services, including
crude oil and gas gathering, processing and marketing and produced
water disposal to producers in the STACK play.
FOR MORE INFORMATION CONTACT: Bruce Connery, Al Petrie Advisors,
bconnery@altamesa.net, 281-943-1375
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