-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K9yshOBlG1iTAqg+kUU/OgdV/hVMM9OFYbXGn4CRVZwrKP7YfP4/3s0p4jTEwgnb EMxf8NaS8uJ/S6IFWjxUGg== 0001010549-09-000632.txt : 20090918 0001010549-09-000632.hdr.sgml : 20090918 20090918171134 ACCESSION NUMBER: 0001010549-09-000632 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090918 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090918 DATE AS OF CHANGE: 20090918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUE DOLPHIN ENERGY CO CENTRAL INDEX KEY: 0000793306 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731268729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15905 FILM NUMBER: 091077445 BUSINESS ADDRESS: STREET 1: 801 TRAVIS SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002-5729 BUSINESS PHONE: 7132-568-4725 MAIL ADDRESS: STREET 1: 801 TRAVIS SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002-5729 FORMER COMPANY: FORMER CONFORMED NAME: MUSTANG RESOURCES CORP DATE OF NAME CHANGE: 19900122 FORMER COMPANY: FORMER CONFORMED NAME: ZIM ENERGY CORP DATE OF NAME CHANGE: 19870921 8-K 1 bdco8k091809.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________ FORM 8-K Date: September 18, 2009 PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): September 18, 2009 Blue Dolphin Energy Company (Exact name of registrant as specified in its charter) Delaware 0-15905 73-1268729 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 801 Travis Street, Suite 2100 Houston, TX 77002 (Address of principal executive office and zip code) (713) 568-4725 (Registrant's telephone number, including area code) (Not Applicable) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 3.01. Notice of Failure to Satisfy a Continued Listing Rule or Standard. On September 16, 2009, Blue Dolphin Energy Company ("Blue Dolphin") received a letter from The Nasdaq Stock Market indicating that for the preceding 30 consecutive trading days, the bid price of Blue Dolphin's common stock closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 5550(a)(2). According to the letter, Blue Dolphin has until March 15, 2010 to regain compliance. If Blue Dolphin cannot demonstrate compliance by March 15, 2010, The Nasdaq Stock Market staff will determine whether Blue Dolphin meets The Nasdaq Capital Market initial listing criteria as set forth in Marketplace Rule 5505. If Blue Dolphin meets the initial listing criteria, Blue Dolphin will be granted an additional 180 calendar day compliance period. If Blue Dolphin is not eligible for an additional compliance period, its securities will be delisted. Blue Dolphin may appeal this determination. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release dated September 18, 2009. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 18, 2009 Blue Dolphin Energy Company /s/ THOMAS W. HEATH ----------------------------- Thomas W. Heath President and Secretary INDEX TO EXHIBITS Exhibit Number Description of Exhibit - -------------- ---------------------- 99.1 Press release dated September 18, 2009. EX-99.1 2 bdco8kex991091809.txt PRESS RELEASE - -------------------------------------------------------------------------------- BLUE DOLPHIN ENERGY COMPANY PRESS RELEASE FOR IMMEDIATE RELEASE September 18, 2009 BLUE DOLPHIN ENERGY COMPANY RECEIVES NASDAQ DEFICIENCY NOTICE RELATED TO MINIMUM BID PRICE RULE Houston, September 18 / PRNewswire / -- Blue Dolphin Energy Company (NASDAQ: BDCO) ("Blue Dolphin"), an independent oil and gas company with operations in the Gulf of Mexico, today announced that on September 16, 2009, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market confirming that for the previous thirty consecutive trading days, the bid price of Blue Dolphin's common stock closed below the minimum $1.00 per share requirement ("minimum bid requirement") for continued listing as set forth in Marketplace Rule 5550(a)(2). In accordance with Marketplace Rule 5810(c)(3)(A), Blue Dolphin will be provided 180 calendar days ("grace period"), or until March 15, 2010, to regain compliance with the minimum bid requirement. If during the grace period, Blue Dolphin's common stock closes at or above the minimum bid requirement for at least ten consecutive trading days, Blue Dolphin will regain compliance. During the grace period Blue Dolphin will actively monitor the bid price while considering various options to meet Nasdaq's initial listing standards. Blue Dolphin Energy Company is engaged in the gathering and transportation of natural gas and condensate and in the production of oil and gas. For further information visit the Company's website at http://www.blue-dolphin.com. Contact: - -------- Thomas W. Heath President 713-568-4725 Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward-looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Blue Dolphin undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. # # # -----END PRIVACY-ENHANCED MESSAGE-----