Sundance Energy Inc. Receives Notice Regarding Non-Compliance with Nasdaq Continued Listing Standards
17 Avril 2020 - 10:49PM
Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”)
today announced that on April 13, 2020, it received notice
from The Nasdaq Stock Market LLC (“Nasdaq”) that the
Company is not presently in compliance with the Nasdaq continued
listing rules since the Company has not yet filed its Form 10-K for
the period ended December 31, 2019.
In accordance with applicable Nasdaq listing
rules, the Company plans to timely notify Nasdaq that it intends to
pursue actions to file its Form 10-K as soon as practicable. Nasdaq
provides for a period of 60 days following receipt of the notice
for the Company to submit a plan to regain compliance for continued
listing on the exchange. The notice has no immediate impact on the
listing of the Company’s common stock, which will continue to trade
on Nasdaq, subject to the Company’s compliance with the other
continued listing requirements.
About Sundance Energy
Inc.Sundance Energy Inc. is an independent energy
exploration and production company located in Denver, Colorado. The
Company is focused on the acquisition and development of large,
repeatable oil and natural gas resource plays in North America.
Current activities are focused in the Eagle Ford. A comprehensive
overview of the Company can be found on Sundance’s website at
www.sundanceenergy.net.
Cautionary Statement Regarding
Forward-Looking StatementsThis press release contains
certain forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements are identified by the use of the words
“project,” “believe,” “estimate,” “expect,” “anticipate,” “intend,”
“contemplate,” “foresee,” “would,” “could,” “plan,” and similar
expressions that are intended to identify forward-looking
statements, which are generally not historical in nature. These
forward-looking statements are based on management’s current
expectations and beliefs concerning future developments and their
potential effect on Sundance. While management believes that these
forward-looking statements are reasonable as and when made, there
can be no assurance that future developments affecting Sundance
will be those that are anticipated. Sundance’s forward-looking
statements involve significant risks and uncertainties (some of
which are beyond Sundance’s control) and assumptions that could
cause actual results to differ materially from Sundance’s
historical experience and present expectations or projections.
These include, but are not limited to, risks or uncertainties
associated with our previously completed redomiciliation
(including the ability to recognize any benefits therefrom), our
ability to complete our Annual Report on Form 10-K, our ability to
regain compliance Nasdaq listing rules, the discovery and
development of oil and natural gas reserves, cash flows and
liquidity, business and financial strategy, budget, projections and
operating results, oil and natural gas prices, amount, nature and
timing of capital expenditures, including future development costs,
availability and terms of capital and general economic and business
conditions, including the impact of the outbreak of COVID-19
coronavirus. You are cautioned not to place undue reliance on
forward-looking statements contained in this press release, which
speak only as of the date of this press release. Forward-looking
statements also are affected by the risk factors described in
Sundance’s 20-F filing for the fiscal year ended December 31,
2018, as may be amended, and those set forth from time-to-time in
other filings with the SEC. Sundance undertakes no obligation to
publicly update or revise any forward-looking statements after the
date they are made, whether as a result of new information, future
events or otherwise.
For more information, please
contact:
John Roberts VP Finance & Investor Relations Tel: (720)
638-2400 |
|
Eric McCrady Chief Executive Officer Tel: (303) 543-5703 |
Sundance Energy (NASDAQ:SNDE)
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