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PetroQuest's Continued Listing Proposal Accepted by NYSE
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PetroQuest Energy, Inc. announced receipt of notice that the New York Stock Exchange has accepted the Company's plan for continued listing on the NYSE.
As a result, the Company's common stock will continue to be listed on the NYSE, subject to achieving the requisite stock price trading levels within the six-month cure period, as well as providing quarterly reviews to the NYSE's Listing and Compliance Committee to ensure the Company's progress toward its plan to restore compliance with continued listing standards by the end of the 18-month plan period. The Company plans to seek approval from its stockholders of a reverse stock split at its 2016 annual stockholders meeting onMay 18, 2016, in order to meet the NYSE required stock price trading levels.
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