UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
FORM 8-K
Date: September 18, 2009
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
September 18, 2009
Blue Dolphin Energy Company
(Exact name of registrant as specified in its charter)
Delaware 0-15905 73-1268729
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
801 Travis Street, Suite 2100
Houston, TX 77002
(Address of principal executive office and zip code)
(713) 568-4725
(Registrant's telephone number, including area code)
(Not Applicable)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
[] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.01. Notice of Failure to Satisfy a Continued Listing Rule or Standard.
On September 16, 2009, Blue Dolphin Energy Company ("Blue Dolphin")
received a letter from The Nasdaq Stock Market indicating that for the preceding
30 consecutive trading days, the bid price of Blue Dolphin's common stock closed
below the minimum $1.00 per share requirement for continued inclusion under
Marketplace Rule 5550(a)(2). According to the letter, Blue Dolphin has until
March 15, 2010 to regain compliance.
If Blue Dolphin cannot demonstrate compliance by March 15, 2010, The
Nasdaq Stock Market staff will determine whether Blue Dolphin meets The Nasdaq
Capital Market initial listing criteria as set forth in Marketplace Rule 5505.
If Blue Dolphin meets the initial listing criteria, Blue Dolphin will be granted
an additional 180 calendar day compliance period. If Blue Dolphin is not
eligible for an additional compliance period, its securities will be delisted.
Blue Dolphin may appeal this determination.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release dated September 18, 2009.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 18, 2009
Blue Dolphin Energy Company
/s/ THOMAS W. HEATH
-----------------------------
Thomas W. Heath
President and Secretary
INDEX TO EXHIBITS
Exhibit Number Description of Exhibit
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99.1 Press release dated September 18, 2009.