South Texas Oil Company's CEO, Murray Conradie, stated, "We are pleased that South Texas Oil Company meets the very high standards for listing on the NASDAQ Global Market. This is an important step that will provide increased market visibility and access to the institutional marketplace.
"To be able to move up from the OTCBB to the NASDAQ Global Market listing is not only a giant leap for the Company, but also another significant milestone achievement that is the result of the dedicated hard work committed to by our team. I am very proud of their achievements."
The NASDAQ Global Market consists of selected companies that have met, and continue to meet stringent financial and liquidity requirements and that have agreed to meet specific corporate governance standards.
"We anticipate trading on the NASDAQ within 14 days and will retain our current symbol STXX," concluded Murray Conradie.
South Texas Oil Company has mineral interests in 43,244 acres of oil and gas properties made up of approximately 20,000 acres in northeast Colorado, 18,000 acres in south central Texas and 5,244 acres in southwest Texas.
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