Yesterday, Duma Energy announced that it applied to be listed on the NASDAQ stock exchange. A growing U.S.-based oil and gas exploration and production company, Duma will likely retain its current trading symbol once it receives final approval for listing on the NASDAQ.
Jeremy G. Driver, Duma's CEO, remarked, "We have now taken another significant step to enhance value for Duma shareholders. A listing on the NASDAQ stock exchange will open up many opportunities for the company and increase its potential shareholder base. We are fully committed to completing the process, increasing shareholder confidence, providing increased transparency and are looking forward to joining the NASDAQ."
Although its application has been submitted, NASDAQ may ask Duma for additional information and documentation to complete the process. Duma is required to adhere to the corporate governance standards set by NASDAQ regarding audit committees, director nominations, management/officer compensation, board composition, executive sessions, quorum rules and code of conduct, and more. As of this writing, the board and management believe Duma meets or exceeds these standards.
For more information on Duma, visit www.duma.com
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