0000876661-15-000019.txt : 20150115
0000876661-15-000019.hdr.sgml : 20150115
20150115141556
ACCESSION NUMBER: 0000876661-15-000019
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20150115
DATE AS OF CHANGE: 20150115
EFFECTIVENESS DATE: 20150115
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SABINE OIL & GAS CORP
CENTRAL INDEX KEY: 0000038079
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 250484900
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13515
FILM NUMBER: 15529438
BUSINESS ADDRESS:
STREET 1: 1415 LOUISIANA STREET
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 8322429600
MAIL ADDRESS:
STREET 1: 1415 LOUISIANA STREET
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: FOREST OIL CORP
DATE OF NAME CHANGE: 20040820
FORMER COMPANY:
FORMER CONFORMED NAME: Forest Oil CORP
DATE OF NAME CHANGE: 20040819
FORMER COMPANY:
FORMER CONFORMED NAME: FOREST OIL CORP
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
38079
SABINE OIL & GAS CORP
001-13515
707 - 17th Street
Suite 3600
Denver
CO
COLORADO
80202
(303) 812-1400
Common Stock
17 CFR 240.12d2-2(b)
Paras Madho
Director
2015-01-15
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
New York Stock Exchange LLC (NYSE or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the Common Stock of Forest Oil Corporation (the Company) from listing and registration on the Exchange on January 26, 2015, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Common Shares are no longer suitable for continued listing and trading on the Exchange.
1. Section 703.08(E) of the Listed Company Manual (the Manual) states, in part, that the Exchange will refuse to list additional equity securities of a listed company in a transaction considered to be a back door listing i.e. resulting from a merger, acquisition or consolidation which has the effect of circumventing its standards for original listing. Accordingly, when an unlisted company proposes to combine with, or merge into, a listed company under circumstances which, in the opinion of the exchange, constitute an acquisition of a listed company by an unlisted company, the resulting company must meet the standards for original listing. If the resulting company would not qualify for original listing, the Exchange will refuse to list additional shares of the listed company transaction. On December 16, 2014, the Company completed its merger with privately owned Sabine Oil & Gas LLC. The resultant Company did not meet original listing standards pursuant to Section 102.01 of the Manual, as would be required in the case of a back door listing. In addition, the Company previously fell below the NYSEs continued listing standard in Section 802.01C of the Listed Company Manual requiring listed companies to maintain an average closing price per share of not less than $1.00 over a consecutive 30 trading day period.
2. The Exchange, on December 16, 2014, determined that the Common Stock should be suspended from trading and directed the preparation and filing with the Commission of this application for the removal of the Common Stock from listing and registration on the Exchange. The Company was notified by letter on December 16, 2014.
3. Pursuant to the above authorization, a press release was issued on December 16, 2014, and an announcement was made on the 'ticker' of the Exchange on December 16, 2014. Similar information was included on the Exchange's website. Trading in the Common Shares was suspended on December 16, 2014.
The Company had a right to appeal to the Committee for Review (the Committee) of the Board of Directors of NYSE Regulation, the determination to delist the Common Stock, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.