DENVER, Jan. 31, 2011 -- Delta Petroleum Corporation (the "Company" or "Delta") , an independent oil and gas exploration and development company, announced today that NASDAQ has approved its request to transfer to The NASDAQ Capital Market from The NASDAQ Global Market. The transfer will take effect at the opening of business on February 1, 2011.
The transfer of Delta's common stock to the NASDAQ Capital Market from The NASDAQ Global Market should not have any effect on a shareholder's ability to buy or sell its shares of Delta.
In transferring to the Capital Market, it is expected that Delta will have an additional 180 days to regain compliance with NASDAQ's requirement that its minimum bid price be at least $1.00.
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