Battalion Oil Corporation Receives Notice of Non-Compliance From NYSE American
January 09 2024 - 5:28PM
Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the
“Company”) today announced that on January 5, 2024 it received
official notice on behalf of the NYSE American LLC indicating that,
because the Company did not hold an annual meeting of stockholders
during its fiscal year ended December 31, 2023, the Company is not
in compliance with its continued listing standards set forth in
Section 704 of the NYSE American Company Guide.
The Company expect to regain compliance with the
NYSE American’s continued listing standards once the 2023 annual
meeting of stockholder is held, which meeting has been scheduled
for February 7, 2024, at 11:00 a.m., Central Time, at Two Memorial
City Plaza, 820 Gessner Road, Live Oak Training Center
(Room 107), Houston, Texas 77024.
Forward Looking Statements
This release contains 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. Statements that are not strictly historical statements
constitute forward-looking statements. Forward-looking statements
include, among others, statements about anticipated production,
liquidity, capital spending, drilling and completion plans, and
forward guidance. Forward-looking statements may often, but not
always, be identified by the use of such words such as "expects",
"believes", "intends", "anticipates", "plans", "estimates",
“projects,” "potential", "possible", or "probable" or statements
that certain actions, events or results "may", "will", "should", or
"could" be taken, occur or be achieved. Forward-looking statements
are based on current beliefs and expectations and involve certain
assumptions or estimates that involve various risks and
uncertainties that could cause actual results to differ materially
from those reflected in the statements. These risks include, but
are not limited to, those set forth in the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2022, and other
filings submitted by the Company to the U.S. Securities and
Exchange Commission (“SEC”), copies of which may be obtained from
the SEC's website at www.sec.gov or through the Company's website
at www.battalionoil.com. Readers should not place undue reliance on
any such forward-looking statements, which are made only as of the
date hereof. The Company has no duty, and assumes no obligation, to
update forward-looking statements as a result of new information,
future events or changes in the Company's expectations.
About Battalion
Battalion Oil Corporation is an independent
energy company engaged in the acquisition, production, exploration
and development of onshore oil and natural gas properties in the
United States.
Matthew B. Steele
Chief Executive Officer
832-538-0300
www.battalionoil.com
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