Sanchez Energy Receives Notice from NYSE Regarding Continued Listing Standard
December 21 2018 - 7:30AM
Sanchez Energy Corporation (NYSE: SN) today announced that it has
received notice from the New York Stock Exchange (the “NYSE”) that
the company does not presently meet the NYSE continued listing
standard which requires a minimum average closing price of $1.00
per share over a period of 30 consecutive trading days.
In accordance with applicable NYSE procedures,
the company plans to timely notify the NYSE that it intends to
pursue actions to meet the minimum average share price requirement.
The NYSE provides for a period of six months following receipt of
the notice to meet the standard and regain compliance for continued
listing on the NYSE. The notice has no immediate impact on the
listing of the company’s common stock, which will continue to trade
on the NYSE subject to the company’s compliance with the other
continued listing requirements.
ABOUT SANCHEZ ENERGY
CORPORATIONSanchez Energy Corporation (NYSE: SN) is an
independent exploration and production company focused on the
acquisition and development of U.S. onshore unconventional oil and
natural gas resources, with a current focus on the Eagle Ford Shale
in South Texas. For more information about Sanchez Energy
Corporation, please visit our website:
www.sanchezenergycorp.com.
FORWARD LOOKING STATEMENTSThis
press release contains, and our officers and representatives may
from time to time make, 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.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that Sanchez Energy expects, believes or anticipates
will or may occur in the future are forward-looking statements,
including statements relating to the continued listing and trading
of the company’s common stock on the NYSE. Known material factors
that could cause the Company’s actual results to differ materially
from the results contemplated by such forward-looking statements
include, but are not limited to, the failure to successfully
execute our business and financial strategies, the failure of
acquired assets and our joint ventures to perform as anticipated,
the costs of operations, delays, and any other difficulties related
to producing oil or gas, the price of oil or gas, the marketing and
sales of produced oil and gas, the estimates made in evaluating
reserves, competition, general economic conditions and the ability
to manage our growth, disruptions due to extreme weather conditions
and other factors are described in Sanchez Energy's most recent
Annual Report on Form 10-K and any updates to those risk factors
set forth in Sanchez Energy's Quarterly Reports on Form 10-Q or
Current Reports on Form 8-K. Further information on such
assumptions, risks and uncertainties is available in Sanchez
Energy's filings with the U.S. Securities and Exchange Commission
(the “SEC”). Sanchez Energy's filings with the SEC are available on
our website at www.sanchezenergycorp.com and on the SEC's website
at www.sec.gov. In light of these risks, uncertainties and
assumptions, the events anticipated by Sanchez Energy's
forward-looking statements may not occur, and, if any of such
events do occur, Sanchez Energy may not have correctly anticipated
the timing of their occurrence or the extent of their impact on its
actual results. Accordingly, you should not place any undue
reliance on any of Sanchez Energy's forward-looking statements. Any
forward-looking statement speaks only as of the date on which such
statement is made, and Sanchez Energy undertakes no obligation to
correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
COMPANY CONTACT:Kevin SmithVP
Investor Relations(281) 925-4828Cham KingInvestor Relations &
Capital Markets(713) 756-2797
General Inquiries: (713)
783-8000www.sanchezenergycorp.com