UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
March 19, 2010
Blue Dolphin Energy Company
(Exact name of registrant as specified in its charter)
Delaware 0-15905 73-1268729
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
801 Travis Street, Suite 2100
Houston, TX 77002
(Address of principal executive office and zip code)
(713) 568-4725
(Registrant's telephone number, including area code)
(Not Applicable)
(Former name or former address, 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 (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On March 16, 2010, Blue Dolphin Energy Company (the "Company") received
a letter from The Nasdaq Stock Market notifying the Company that its common
stock is subject to delisting for failure to comply with Nasdaq Marketplace Rule
5550(a)(2), which requires listed securities to maintain a minimum bid price of
$1.00 per share.
The Company plans to timely request a hearing before a Nasdaq Listing
Qualifications Panel (the "Panel") to appeal the delisting determination. The
hearing request will stay the delisting of the Company's common stock pending a
written decision by the Panel.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Blue Dolphin Energy Company Press Release Issued March 19, 2010.
SIGNATURE
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 hereunto duly authorized.
Date: March 19, 2010
Blue Dolphin Energy Company
/s/ THOMAS W HEATH
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Thomas W. Heath
President
INDEX TO EXHIBITS
Exhibit Description of Exhibit
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99.1 Blue Dolphin Energy Company Press Release Issued March 19, 2010.