Hydrocarb
Energy Corporation (OTCQB:HECC) is pleased to announce that it has
made a formal application to be listed on the NASDAQ stock exchange.
Hydrocarb Energy is a U.S. based oil and gas exploration and production
company with producing assets in Galveston Bay, Texas; an exploration
concession in Namibia, Africa; and a comprehensive oil field services
license in Abu Dhabi, United Arab Emirates. Hydrocarb will likely retain
its current trading symbol once it receives final approval for listing
on the NASDAQ.
Regarding a pending listing on the NASDAQ stock exchange, Pasquale
Scaturro, Hydrocarb’s CEO, remarked, “This next step in our strategy to
build value for Hydrocarb shareholders will open up many opportunities
for the company and increase its potential shareholder base. We are
committed to achieving an up-listing and are looking forward to joining
the NASDAQ.”
Hydrocarb is required to adhere to the corporate governance standards
set by NASDAQ regarding audit committees, director nominations,
management/officer compensation, board composition, executive sessions,
quorum rules and code of conduct, and more. As of this writing, the
board and management believe Hydrocarb will meet or exceed these
standards.
About Hydrocarb Energy
Hydrocarb Energy Corporation is a publicly-traded Domestic and
International Energy Exploration and Production Company targeting major
under-explored oil and gas projects in emerging, highly prospective
regions of the world. With exploration concessions in Africa, production
in Galveston Bay, and Oil Field Services in the United Arab Emirates, we
maintain offices in Houston, Texas, Abu Dhabi, UAE and Windhoek, Namibia.
For further information: www.hydrocarb.com.
Forward-looking Statements
This release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, which contain words such as "expect," "believe" or "plan,"
by their nature address matters that are, to different degrees,
uncertain. These uncertainties may cause actual future events to be
materially different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking statements.
Copyright Business Wire 2014