Compton Petroleum Corporation - New York Stock Exchange

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[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 23 /CNW/ - Compton Petroleum Corporation (TSX - CMT; NYSE -\nCMZ) Compton, along with many other publicly traded companies, has experienced\na significant decline in the trading value of its capital stock. Weak world\ncommodity prices, credit turmoil, and the overall recessionary environment\nexisting in many world economies have contributed to this decline.\n\n\nAs a listed company on the New York Stock Exchange ("NYSE"), Compton is\nsubject to the listing standards set out by the Exchange and has received\nnotice that it is below criteria in relation to one of these standards, namely\nthat the average closing price of its securities were less than one dollar\n(US) over a consecutive thirty trading day period.\n\n\nCompton is required to bring its share price and average share price back\nabove one dollar within six months and has notified the NYSE of its intent to\nsatisfy this requirement.\n\n\nCompton is currently in full compliance with all other requirements of\nthe NYSE and all of its obligations and requirements in respect of the listing\nstandards of the Toronto Stock Exchange and does not anticipate any change in\nsuch compliance.\n\n\nCompton Petroleum Corporation is a Calgary-based public company actively\nengaged in the exploration, development, and production of natural gas,\nnatural gas liquids, and crude oil in the Western Canadian Sedimentary Basin.\nCompton's shares are listed on the Toronto Stock Exchange under the symbol CMT\nand on the New York Stock Exchange under the symbol CMZ.\n\n\n%SEDAR: 00003803E %CIK: 0001043572\n\n\n","length":1659,"tagName":"div"}]

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