Skope Energy Inc. reported that the Toronto Stock Exchange has informed the Company that it is reviewing the eligibility for continued listing of Skope's common shares on the TSX. The TSX initiated its delisting review pursuant to its continued listing criteria and as a result of the market value of the Company's TSX listed shares, the market value of the Company's public float and the Company's financial condition. The market value of Skope's listed equity has declined from $28 million in December 2011 to $2 million as of May 11, 2012, on total volume of 1.2 million shares, or $1.3 million in trading value (excludes the Company's non-voting shares).

Despite Skope's aggressive natural gas price hedging program, the reduction in market value is due primarily to matters arising as a result of a dramatic reduction in the price of Canadian conventional natural gas over the same period.

Tags: Skope Energy Inc.