Gulfport Energy Added to NASDAQ Global Select Market
Gulfport Energy Corp. said that it has been included in the new NASDAQ Global Select Market. According to NASDAQ, the NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. Prior to the change, the company had been listed on the NASDAQ National Market.
Beginning July 3, 2006, NASDAQ-listed companies were re-classified under three listing tiers--NASDAQ Global Select Market, NASDAQ Global Market, and NASDAQ Capital Market. NASDAQ also plans to launch indexes based on these new tiers. NASDAQ announced the new three-tier listing classification in February 2006. According to NASDAQ, all three market tiers will maintain rigorous listing and corporate governance standards.
“Gulfport Energy Corp. is an example of an industry leader that has achieved superior listing standards, which clearly defines the essence of the NASDAQ Global Select Market,” said Bruce Aust, Executive Vice President, Corporate Client Group. “NASDAQ is focused on leading a race to the top in terms of listing qualifications. In recognizing these companies, we are highlighting their achievement in meeting the requirements to be included in the market with the highest listing standards on the world,”
Gulfport is an independent oil and gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast.
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