UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 30, 2009
South Texas Oil Company
(Exact name of Registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation or organization) | 001-33777 Commission File Number | 74-2949620 (I.R.S. Employer Identification No.) |
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300 East Sonterra Boulevard Suite 1220 San Antonio, Texas (Address of principal executive offices) | | 78258 (Zip Code) |
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Registrant’s telephone number, including area code: (210) 545-5994 |
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(Former name, former address and former fiscal year, 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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 3 - SECURITIES AND TRADING MARKETS
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 30, 2009, South Texas Oil Company (the "Company") received notice of a determination of the staff of the Nasdaq Listing Qualifications Department, in accordance with Nasdaq Marketplace Rules 5100, 5110(b), and IM-5100-1, to:
| • | delist the Company's common stock (trading symbol: STXX) |
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| • | suspend trading in the Company's common stock at the opening of business on November 10, 2009, and |
| • | file a Form 25-NSE with the Securities and Exchange Commission removing the Company's common stock from listing and registration on The Nasdaq Stock Market. |
The NASDAQ staff provided the following reasons for the delisting: the bankruptcy filing announced by the Company and the associated public interest concerns raised by it; concerns regarding the residual equity interest of the existing listed securities holders; and concerns about the Company’s ability to sustain compliance with all requirements for continued listing on The Nasdaq Stock Market.
The Company does not intend to request a hearing with the Nasdaq Listing Qualifications Panel to appeal the proposed delisting.
On November 6, 2009, NASDAQ halted the trading of the Company’s common stock.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 6, 2009
| | South Texas Oil Company |
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| | By: /s/ Michael J. Pawelek |
| | Michael J. Pawelek, Chief Executive Officer |
