OREANDA-NEWS. June 08, 2016. Pacific Drilling S.A. (NYSE: PACD) announced today that it has been
notified by the New York Stock Exchange (“NYSE”) that it is once again
in compliance with the NYSE’s continued listing requirements.
The Company previously announced that it received a notice from the NYSE
on January 13, 2016 that the Company did not satisfy the \\$1.00 minimum
share price standard for continued listing of the Company’s common
shares, and the Company had until July 13, 2016 to cure the
non-compliance.
At the close of trading on May 31, 2016, the Company’s common shares had
a closing price per share and a 30-trading-day average closing price per
share above \\$1.00 and accordingly, the Company has regained compliance
with the continued listing standard.
About Pacific Drilling
With its best-in-class drillships and highly experienced team, Pacific
Drilling is committed to becoming the industry’s preferred
ultra-deepwater drilling contractor. Pacific Drilling’s fleet of seven
drillships represents one of the youngest and most technologically
advanced fleets in the world. For more information about Pacific
Drilling, including its current Fleet Status, please visit www.pacificdrilling.com.
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