Lucas Energy regains NYSE listing

Getty Images/ Bloomberg

Getty Images/ Bloomberg

On September 8 the NYSE MKT notified Houston-based Lucas Energy Inc. that it has regained its compliance listing standards.

Back in late February of 2014 the company was delisted as a result of its financial situation. According to CEO Anthony C. Schnur, the company is on track with business objectives, specifically in capitalizing the company by creating a platform that will encourage high-growth activities during the commodity cycles downturn.


upstream_logo


A company’s brand reputation can be damaged by such issues and make it hard to orchestrate and secure future business.

Related: 3 top land drillers to buy prior to 2016 recovery: UBS

Lucas has also asked the assigned escrow agent to return certain assets from Austin-based Victory Energy Corp. as part of the reinstatement. The two firms had previously reached a deal that fell through in May, and in June reached an agreement to cancel the merger.


America's Oil & Gas Network

America’s Oil & Gas Network

HT Banner

CONTACT US FOR A FREE CONSULTATION>>>

CONTACT US FOR A FREE CONSULTATION>>>

Be the first to comment on "Lucas Energy regains NYSE listing"

Leave a comment

Your email address will not be published.


*