GRAPEVINE, Texas--(BUSINESS WIRE)--Jun. 29, 2012--
GreenHunter Energy, Inc. (NYSE MKT: GRH), a diversified renewable
energy company predominately focused on water resource management in the
unconventional oil and gas shale resource plays, announced today that
the NYSE MKT has extended GreenHunter’s deadline to regain compliance
with the exchange’s listing criteria until August 14, 2012. Though the
Company may not currently be in compliance with Section 1003 (a) (iv) of
the Exchange’s Company Guide, the Exchange has agreed to extend the
deadline from June 30, 2012 until August 14, 2012.
The Company is required to continue and provide the Exchange Staff with
updates in conjunction with its initiatives to meet with compliance of
the NYSE MKT Exchange listing criteria.
About GreenHunter Water, LLC (a wholly owned subsidiary or
GreenHunter Energy, Inc.)
GreenHunter Water, LLC provides Total
Water Management Solutions™ in the oilfield. An understanding that
there is no single solution to E&P fluids management shapes
GreenHunter’s technology-agnostic approach to services. In addition to
licensing of and joint ventures with manufacturers of mobile water
treatment systems (Frac-CycleTM),
GreenHunter Water is expanding capacity of salt water disposal
facilities, next-generation modular above-ground storage tanks (MAG
Tank™), advanced hauling and fresh water logistics
services—including 21st Century tracking technologies (RAMCATTM)
that allow Shale producers to optimize the efficiency of their water
resource management and planning while complying with emerging
regulations and reducing cost.
Additional information about GreenHunter Water may be found at www.GreenHunterWater.com.
Any statements in this press release about future expectations and
prospects for GreenHunter Energy and its business and other statements
containing the words "believes," "anticipates," "plans," "expects,"
"will" and similar expressions constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors,
including the substantial capital expenditures required to fund its
operations, the ability of the Company to implement its business plan,
government regulation and competition. GreenHunter Energy undertakes no
obligation to update these forward-looking statements in the future.
Source: GreenHunter Energy, Inc.
GreenHunter Energy, Inc.
Jonathan D. Hoopes
1048 Texan Trail
Grapevine, TX 76051