By Houston Business Journal

SulphCo Inc. said Wednesday it has received a notice from NYSE Amex warning that the crude oil processing company faces delisting on the exchange if the company continues to fail to meet Amex's required listing standards.

The exchange noted that the company didn't meet minimum stockholders equity requirement and had experienced losses from continuing operations and net losses in the five most recent fiscal years.

SulphCo (Amex: SUF) currently trades at about 22 cents per share. For 2009, the company reported a loss of $12 million, down from a $21 million loss reported in 2008.

NYSE Amex delivered the notice on June 30.

"Although the notice from the exchange regarding continued listing qualification presents challenges, we believe SulphCo has made substantial progress in recent weeks to begin the process of building stockholders'

equity and creating a vibrant company..." said Larry Ryan, SulphCo's chief executive officer.

Copyright 2010 American City Business Journals
Copyright 2010