Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PAR PACIFIC HOLDINGS, INC. | d79383e8vk.htm |
Exhibit
99.1
DELTA PETROLEUM CORPORATION
Daniel Taylor, Chairman
Carl Lakey, CEO
Kevin Nanke, Treasurer and CFO
Broc Richardson, V.P. Corporate Development and IR
370 17th Street, Suite 4300
Denver, Colorado 80202
Daniel Taylor, Chairman
Carl Lakey, CEO
Kevin Nanke, Treasurer and CFO
Broc Richardson, V.P. Corporate Development and IR
370 17th Street, Suite 4300
Denver, Colorado 80202
For Immediate Release
DELTA PETROLEUM CORPORATION ANNOUNCES ITS TRANSFER TO THE NASDAQ CAPITAL MARKET
DENVER, Colorado (January 31, 2011) — Delta Petroleum Corporation (the “Company” or
“Delta”) (NASDAQ Global Market: DPTR), an independent oil and gas exploration and development
company, announced today that NASDAQ has approved its request to transfer to The NASDAQ Capital
Market from The NASDAQ Global Market. The transfer will take effect at the opening of business on
February 1, 2011.
The transfer of Delta’s common stock to the NASDAQ Capital Market from The NASDAQ Global
Market should not have any effect on a shareholder’s ability to buy or sell its shares of Delta.
In transferring to the Capital Market, it is expected that Delta will have an additional 180
days to regain compliance with NASDAQ’s requirement that its minimum bid price be at least $1.00.
ABOUT DELTA PETROLEUM
Delta Petroleum Corporation is an oil and gas exploration and development company based
in Denver, Colorado. The Company’s core areas of operations are in the Rocky Mountain region, where
the majority of its operated properties and long-term growth prospects are located. Its common
stock is currently listed on the NASDAQ Global Market System under the symbol “DPTR.” As of
February 1, 2011 its common stock will be listed on the NASDAQ Capital Market System. Its symbol
will remain “DPTR.”
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this announcement are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements include, without limitation, the shareholders ability to buy or sell shares of Delta and
expectations about the Company’s compliance with NASDAQ rules. Readers are cautioned that all
forward-looking statements are based on management’s present expectations, estimates and
projections, but involve risks and uncertainty, including without limitation, uncertainties in the
Company’s ability to obtain additional funding, its ability to successfully execute on its
business plan, downward fluctuations in commodity prices, the cost and availability of third party
services, as well as general market conditions and competition. Please refer to the Company’s
report on Form 10-K for the year ended December 31, 2009 and subsequent reports on Forms 10-Q and
8-K as filed with the Securities and Exchange Commission for additional information. The Company
is under no obligation (and expressly disclaims any obligation) to update or alter its
forward-looking statements, whether as a result of new information, future events or otherwise.
For further information contact the Company at (303) 293-9133 or via email at
investorrelations@deltapetro.com.
SOURCE: Delta Petroleum Corporation