Pinnacle Receives Notification From Nasdaq

Pinnacle Gas Resources, Incorporated announced today that on March 16, 2010, it received written notice from The Nasdaq Stock Market, that because the Company has not regained compliance with the $1 minimum bid price requirement, the company's common stock would be de-listed from the Nasdaq Global Market.

Pinnacle has requested an appeal on the matter, which automatically has delayed the de-listing of the company's common stock at least until the Nasdaq Hearings Panel issues a decision. The Panel has the discretion to grant the Company up to 180 additional calendar days from its March 16, 2010 notice in which to satisfy the $1 per share bid price requirement. There can be no assurance that the Panel will grant an extension or that the Company will be able to comply with the conditions of any extension by the Panel's decision date or by the expiration of any extension the Panel grants.

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So much for all the Methane

So much for all the Methane company money that our wonderful mayor had pledged and used as an excuse to enter into projects that sheridan has no money to fund by itself.

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