United Refining Energy Corp. Receives Letter From NYSE Alternext U.S.



    NEW YORK, Feb. 17 /CNW/ -- On February 10, 2009, United Refining Energy
Corp. received notice from the NYSE Alternext U.S. LLC staff indicating that
the Company is below certain of the Exchange's continued listing standards in
that the Company held no annual meeting for stockholders in 2008 as set forth
in Section 704 of the Exchange's Company Guide.  The Company was afforded the
opportunity to submit a plan of compliance to the Exchange by March 10, 2009
that demonstrates the Company's ability to regain compliance with Section 704
of the Company Guide by August 11, 2009.  If the Company does not submit a
plan or if the plan is not accepted by the Exchange, the Company may be
subject to delisting procedures as set forth in Section 1010 and Part 12 of
the Exchange's Company Guide.
    

    
    The Company is currently reviewing its alternatives in response to the
Exchange's notice.
    


    




For further information:

For further information: James E. Murphy, Chief Financial Officer of
United Refining Energy Corp., +1-212-956-5803

Organization Profile

UNITED REFINING ENERGY CORP.

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