Goodrich Petroleum Corporation (NYSE:GDP) to be Delisted on the New York Stock Exchange

Goodrich Petroleum Corporation (NYSE:GDP) today, January 14, 2016, announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE has commenced proceedings to delist the common stock as a result of the NYSE's determination that the common stock was no longer suitable for listing on the NYSE based on "abnormally low" price levels. The NYSE suspended trading in the common stock immediately.  The NYSE stated that it will apply to the Securities and Exchange Commission (SEC) to delist Goodrich Petroleum Corporation’s common stock upon completion of all procedures.  Goodrich Petroleum Corporation does not intend to appeal the delisting.
GDP’s 52 week high was $4.71, and GDP’s 52 week low was $0.06.
Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend; South Texas, which includes the Eagle Ford Shale Trend, and Northwest Louisiana and East Texas, which includes the Haynesville Shale. The Company owns interests in approximately 260 producing oil and natural gas wells located in around 43 fields in eight states of the United States. The Company also has ownership interests in acreage and wells in various other fields, including the Midway field in San Patricio County, Texas and the Garfield Unit in Kalkaska County, Michigan. The Company has estimated proved reserves of approximately 273.7 billion cubic feet equivalent.
If your broker or financial advisor recommended you invest in the high-risk oil and gas stock, Goodrich Petroleum Corporation (GDP), which is now being delisted, or any other oil and gas stock causing devastating losses, call Soreide Law Group for a consultation with an attorney on the possibility of recovering your financial losses at: 888-760-6552.