Enservco Corporation Anticipates Reporting Third Quarter Financial Results in Mid-December

Rhea-AI Summary

Enservco Corporation (ENSV) announced it will file its third quarter financial results by mid-December 2022, following a delay in meeting its November 14 deadline due to prior SEC filings. This led to a late filer notification from the NYSE American Exchange. Upon filing the Form 10-Q for the period ending September 30, 2022, the company will be current in its SEC filings and compliant with NYSE guidelines. Enservco specializes in diverse well-site services across multiple U.S. oil and gas basins.

Positive

• The company will be back in compliance with NYSE filing guidelines after submitting the Form 10-Q.
• Enservco has a broad geographic service area across seven major domestic oil and gas basins.

Negative

• The company missed its original filing deadline, indicating potential operational inefficiencies.
• Received a late filer notification from the NYSE American Exchange, which may affect investor confidence.

LONGMONT, Colo., Nov. 25, 2022 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it anticipates filing its third quarter financial results in mid-December.

Enservco was not able to meet its original November 14, 2022, filing deadline due to the efforts expended in bringing its first and second quarter SEC filings current. Accordingly, the Company received a late filer notification from the NYSE American Exchange.

Once the Company files its Form 10-Q for the third quarter ended September 30, 2022, it will be fully current in its SEC filings and back in compliance with NYSE filing guidelines.

About Enservco
Through its various operating subsidiaries, Enservco provides a range of oilfield services, including hot oiling, acidizing, frac water heating, and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming, West Virginia, Utah, Michigan, Illinois, Florida, New Mexico, and Louisiana. Additional information is available at www.enservco.com.

Cautionary Note Regarding Forward-Looking Statements
This news release contains information that is "forward-looking" in that it describes events and conditions Enservco reasonably expects to occur in the future. Expectations for the future performance of Enservco are dependent upon a number of factors, and there can be no assurance that Enservco will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "expects to," “should,” and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond Enservco's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in Enservco’s annual report on Form 10-K for the year ended December 31, 2021, and subsequently filed documents with the SEC. Forward-looking statements in this news release that are subject to risk include the Company’s ability to bring its SEC filings current and to be in compliance with the NYSE’s filing guidelines. It is important that each person reviewing this release understand the significant risks attendant to the operations of Enservco. Enservco disclaims any obligation to update any forward-looking statement made herein.

Contact:

Mark Patterson
Chief Financial Officer
Enservco Corporation
mpatterson@enservco.com

Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
Phone: 303-880-9000
Email: jay@pfeifferhigh.com

FAQ

When will Enservco Corporation release its third quarter financial results?

Enservco Corporation plans to file its third quarter financial results by mid-December 2022.

What caused the delay in Enservco's financial filing?

The delay was due to efforts in bringing its first and second quarter SEC filings current.

How does Enservco's late filing affect its NYSE status?

Enservco received a late filer notification from the NYSE American Exchange but will regain compliance upon filing its Form 10-Q.

What services does Enservco provide?

Enservco provides specialized oilfield services including hot oiling, acidizing, and frac water heating across major U.S. oil and gas basins.