EV Energy Partners Announces Listing Transfer to NASDAQ Capital Market
12 January 2018 - 9:30AM
EV Energy Partners, L.P. (NASDAQ:EVEP) today announced that it
received a determination from the NASDAQ Stock Market granting
approval of EVEP’s request to transfer its listing to the NASDAQ
Capital Market from the NASDAQ Global Market. As a result of the
transfer to the NASDAQ Capital Market, EVEP expects to be granted
an additional 180-day grace period to regain compliance with
NASDAQ’s minimum bid price requirement.
EVEP expects its units to begin trading on the NASDAQ Capital
Market effective at the start of trading on Tuesday, January 16,
2018. EVEP’s units will continue to trade on NASDAQ under the
symbol “EVEP.” The NASDAQ Capital Market is a continuous trading
market that operates in substantially the same manner as the NASDAQ
Global Market, and listed companies must meet certain financial and
corporate governance requirements to qualify for listing on the
NASDAQ Capital Market.
About EV Energy Partners, L.P.
EV Energy Partners, L.P. is a master limited partnership
engaged in acquiring, producing and developing oil and natural gas
properties. More information about EVEP is available on the
Internet at http://www.evenergypartners.com.
(code #: EVEP/G)
Forward Looking Statements
This press release may include statements that
are not historical facts which are “forward-looking statements”
within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. These statements which include
words such as “anticipates,” “plans,” “projects,” “expects,”
“intends,” “believes,” “should,” and similar expressions of
forward-looking information. Forward-looking statements are
inherently uncertain and necessarily involve risks that may affect
the business prospects and performance of EVEP. These statements
are based on certain assumptions made by EVEP based on its
experience and perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances. Actual results may differ
materially from those contained in the press release. Such
risks and uncertainties include, but are not limited to, our
ability to meet the financial covenants in our debt agreements and
continue as a going concern, changes in commodity prices, changes
in reserve estimates, requirements and actions of purchasers of
properties, exploration and development activities, the
availability and cost of financing, the returns on our capital
investments and acquisition strategies, the availability of
sufficient cash flow to pay distributions and execute our business
plan and general economic conditions. Additional information
on risks and uncertainties that could affect our business prospects
and performance are provided in the most recent reports of EVEP
with the SEC. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. All forward-looking statements
included in this press release are expressly qualified in their
entirety by the foregoing cautionary statements.
Any forward-looking statement speaks only as of the date on
which such statement is made and EVEP undertakes no obligation to
correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise.
EV Energy Partners, L.P., HoustonNicholas
Bobrowski713-651-1144http://www.evenergypartners.com