SHERIDAN -- A Sheridan-based natural gas company is in jeopardy of losing its listing on the NASDAQ stock exchange.

Pinnacle Gas Resources Inc. says it was notified by NASDAQ on Sept. 15 that the company is not in compliance with the minimum bid price requirement.

NASDAQ said the stock price for Pinnacle has been less than $1 per share for the previous 30 consecutive business days.

Pinnacle has 180 days to regain compliance or its securities will be subject to delisting.

Company Chief Financial Officer Ron Barnes said the notice in no way impacts the company's current financial position or daily operations.

He said the firm is working to regain compliance with the listing requirements.

Pinnacle is an independent energy company engaged in the development of domestic onshore natural gas reserves, mostly in Wyoming and southern Montana.