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Goodrich Petroleum Announces Continued Listing Plan Accepted By NYSE

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Goodrich Petroleum Corporation (NYSE: GDP) (the "Company") today announced receipt of notice that the New York Stock Exchange ("NYSE") has accepted the Company's plan for continued listing on the NYSE. The continued listing is subject to quarterly reviews by the NYSE's Listing and Compliance Committee to ensure the Company's progress toward its plan.

On August 27, 2015, the NYSE had  notified the Company that it was below the NYSE continued listing criteria of (1) average global market capitalization or total stockholders' equity over a consecutive 30 trading-day period of at least $50,000,000; and (2) average closing price of its common stock of at least $1.00 over a consecutive 30 trading-day period. With the acceptance of the plan, the Company has 18 months from the original notification date in which to regain compliance with the market capitalization or stockholder's equity listing standard. The Company has six months from the original notification date in which to regain compliance with the $1.00 stock price listing standard.

Certain statements in this news release regarding future expectations and plans for future activities may be regarded as "forward looking statements" within the meaning of Section 27A of the Securities Act

See full press release

 

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