FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
September 25, 1998
Date of Report
Enercorp, Inc.
(Exact Name of Registrant as specified in its charter)
Colorado 0-9083 84-0768802
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(State or other (Commission (I.R.S. Employer
jurisdiction of file number) Identification Number)
incorporation or
organization)
7001 Orchard Lake Road, Suite 424
West Bloomfield, Michigan 48322-3608
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (248) 851-5651
N/A
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Former name or former address, if changed from last report
ITEM 5: Other Events
On Thursday, September 17, 1998, after the stock market closed, Enercorp,
Inc. (the "Registrant") was notified by the Nasdaq Stock Market that the
Registrant's common stock no longer meets the minimum public float share
requirement for continued listing on the Nasdaq SmallCap Market, and was
eligible to trade on the OTC Bulletin Board beginning September 18, 1998.
At the request of Nasdaq, and as a condition of an exception granted by
them to the Registrant on July 28, 1998, Enercorp filed a Form 8-K report on
August 14, 1998. This report stated that the Registrant met all Nasdaq continued
listing requirements, including the requirement that it have a minimum of
500,000 shares in the public float, reporting that it had 517,897 shares in the
public float as the result of a change in ownership by a principal stockholder
of the Registrant. In the absence of any NASD regulations as a guide, the
Registrant believed that it had complied with the relevant SEC rules, had
informed Nasdaq of this position, and was awaiting a response to its
correspondence when the Nasdaq delisting notice was delivered to the Registrant
after the market closed on September 17, 1998.
The Registrant believes that during this process it has complied with all
Nasdaq requirements and requests, and will file an appeal with Nasdaq to attempt
to have its common stock reinstated as eligible to trade on the SmallCap Market.
The Registrant believes that the Nasdaq decision was arbitrary and without any
basis in law, but there is no assurance that it will be successful in an appeal.
During the appeal process, the Registrant's common stock will continue to trade
under the symbol "ENCP"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: September 25, 1998
ENERCORP, INC.
By s\Robert R. Hebard
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Robert R. Hebard, President