Cheniere Energy Trading Symbol Update.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Nov. 14, 2000 Cheniere Energy Inc. (Nasdaq:CHXCD) announced today that its trading symbol Trading symbol See: Ticker symbol will return to CHEXC when trading opens on November November: see month. 15, 2000. The company's symbol was changed by Nasdaq to CHXCD for a 20-day period so the trading community could become aware of its October October: see month. 18, 2000 reverse stock split. Cheniere continues to operate under an exception granted by Nasdaq, which required the company to achieve a closing bid price of $1.00 per share by October 23, 2000 and to maintain such a minimum bid price for a period within the discretion of Nasdaq. Nasdaq has not yet made a final determination concerning Cheniere's compliance with all listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . Cheniere Energy Inc. is an independent oil and gas company focused in and around the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . The company generates drilling prospects internally using its regional 3D seismic database and acquires drilling rights on these prospects through lease sales and farm-ins. Additional information about Cheniere can be obtained by calling the Company's Investor & Media Relations Department at 888/948-2036 or by writing to: chex@mdcgroup.com. Except for the historical statements contained herein, this news release presents forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Certain risks and uncertainties inherent in the Company's business are set forth in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. |
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