SAN FRANCISCO - (Business Wire) GeoPetro Resources Company ("GeoPetro" or the "Company") (NYSE Alternext US:GPR) (TSX:GEP) announced that as a result of the merger between the American Stock Exchange (AMEX) and the New York Stock Exchange (NYSE), its common stock commenced trading on the New York Stock Exchange (NYSE Alternext US) effective Monday, December 1, 2008. The Company’s common stock continues to be listed under the stock ticker symbol GPR and the Designated Market Maker for GeoPetro is Kellogg Specialist Group. GeoPetro's common shares will also continue to trade on the Toronto Stock Exchange (TSX) under the symbol GEP.
The Company’s Chairman, President and CEO, Stuart J. Doshi stated “GeoPetro will continue to be listed along with a prestigious group of U.S. and international companies which trade on the New York Stock Exchange Alternext US. As an internationally recognized exchange, an NYSE Alternext US listing favorably positions us to reach a broad investment audience, including greater access to institutional investors, while increasing our liquidity and transparency. Our transition to trading under the NYSE’s next generation market model has been seamless. As part of this move, our AMEX Specialist, who has been trained in the new trading technology, will also move over to the NYSE Alternext US, and along with NYSE Specialists, will be called a Designated Market Maker. The new platform has important market structure enhancements, resulting from significant investments in technology and ensuring the highest quality trading systems in terms of reliability and flexibility. It is expected to result in faster and more robust trading, enhanced opening and closing processes, streamlined access to the marketplace via a new trading-license model and overall improved functionality and customer experience. We have enjoyed working with the team at the American Stock Exchange and we are confident the NYSE will provide an excellent platform for trading our shares.”
About GeoPetro
GeoPetro is an independent oil and natural gas company headquartered in San Francisco, California. GeoPetro currently has projects in the United States, Canada and Indonesia. GeoPetro has developed a producing property in its Madisonville Project in Texas. Elsewhere, GeoPetro has assembled a geographically diversified portfolio of exploratory and appraisal prospects.
Cautionary Statements
This news release contains forward-looking information. Statements contained in this news release relating to future results, events and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may involve known and unknown risks involving market prices for natural gas and oil, economic and competitive conditions, regulatory changes, estimates of proved and probable reserves, geological and engineering uncertainties, potential failure to achieve production from development drilling projects, capital expenditures and other risks and uncertainties, which may cause the actual results to be materially different from those expressed or implied by such statements. Additional risk factors include, among others, those described in the Company's Annual Report on Form 10-K on file with the U.S. Securities and Exchange Commission. We do not have any intention or obligation to update forward-looking statements included in this press release after the date of this press release, except as required by law.
No stock exchange or regulatory authority has approved or disapproved of the information contained herein.
GeoPetro Resources Company
Stuart J. Doshi, President & CEO, 415-398-8186
sdoshi@geopetro.com
