Delisting Determination,The Nasdaq Stock Market, LLC,
November 24, 2010, Pinnacle Gas Resources, Inc. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove
from listing the common stock of Pinnacle Gas Resources, Inc.
(the Company), effective at the opening of the trading
session on December 6, 2010. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rule 5450(a)(1). The Company was
notified of the Staffs determination on March 16, 2010.
The Company appealed the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issed a decision dated May 10, 2010, granting
the Company continued listing pursuant to an exception
through September 13, 2010, by which date the Company was
required to regain compliance with Listing Rule 5450(a)(1).
However, the Company did not regain compliance
by that date. On September 15, 2010, the Panel notified the
Company that trading in the Companys securities would be
suspended on September 16, 2010. The Company did not request a
review of the Panels decision by the Nasdaq Listing and
Hearing Review Council. The Listing Council did not call the
matter for review. The Panels Determination to delist
the Company became final on November 1, 2010.