Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

Standard; Transfer of Listing.

As previously disclosed, on August 16, 2020, Chaparral Energy, Inc. (the "Company") and its subsidiaries filed chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.

On August 17, 2020, the Company was notified by the New York Stock Exchange ("NYSE") that, as a result of the chapter 11 cases and in accordance with Section 8.02.01D of the NYSE Listed Company Manual, the NYSE has determined to commence proceedings to delist the Company's Class A Common Stock, par value $0.01 per share ("common stock"), from the NYSE. The NYSE also suspended trading of the common stock on August 17, 2020.

The Company does not plan to appeal the NYSE's determination. Accordingly, a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the common stock from listing and registration on the NYSE.

After the common stock is delisted by NYSE, it may trade on the OTC Bulletin Board ("OTC BB") or the Pink OTC Markets, Inc. (the "Pink Sheets"). Even once quoted by such a market maker, which occurred on August 18, 2020, there is no assurance that the common stock will continue to be eligible to trade, or will be traded, on the OTC BB or the Pink Sheets.

In addition to the decrease in liquidity caused by investors' inability to trade shares of common stock on the NYSE, the Company cautions that trading in the common stock during the pendency of the chapter 11 cases is highly speculative and poses substantial risks. Trading prices for the common stock may bear little or no relationship to the actual recovery, if any, by holders of the common stock in the chapter 11 cases. The Company expects that holders of the common stock could experience a significant or complete loss on their investment, depending on the outcome of the chapter 11 cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in the common stock.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses