Erin Energy: NYSE launches stock delisting process, cites bankruptcy

By Caroline Salls

Pittsburgh, April 27 – Erin Energy Corp. received notification that the New York Stock Exchange has begun proceedings to delist the company’s common stock as a result of its Chapter 11 bankruptcy filing, according to a news release.

Erin said the NYSE suspended trading in its common stock effective April 26.

The NYSE will apply to the Securities and Exchange Commission to delist the common stock. However, Erin said it intends to appeal the delisting determination.

The company said the common stock was expected to begin trading on the OTC on April 27 under the ticker symbol ERINQ.

Based in Houston, Erin Energy is an explorer, developer and producer of oil and gas. The company filed bankruptcy on April 25 in the U.S. Bankruptcy Court for the Southern District of Texas under Chapter 11 case number 18-32106.

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