Crusader Energy Group Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $.01 per share.

NYSE Amex LLC announced on April 30 its final determination to remove the common stock of Crusader Energy Group, Inc. from listing on the Exchange, and filed an application on Form 25 to strike the Securities from listing with the Securities and Exchange Commission (the SEC). The delisting will become effective on May 11, 2009 unless postponed by the SEC. NYSE announced, “Pursuant to its rules, the Exchange provided notice to Crusader Energy Group, Inc. of the decision to delist the Securities and an opportunity to appeal the decision to a committee of the Board of Directors of NYSE Regulation.”

Crusader Energy Group Inc. announced that on April 1, 2009, the Company received notice from NYSE Amex LLC that the Exchange intends to strike the Company's common stock from listing on the Exchange. The Exchange notice states that the Company is not in compliance with Section 1003(a)(iv), Section 134 and Section 1101 of the Exchange's Company Guide. As previously announced, on March 30, 2009, the Company and all of its wholly-owned subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The Exchange's notice states that, as a result of the Company's Chapter 11 filing, the Exchange has determined that the Company is financially impaired and, therefore, not in compliance with Section 1003(a)(iv). The Exchange's notice also states that the Company is not in compliance with Section 134 and Section 1101 of the Company Guide as a result of not timely filing its Form 10-K for the year ended December 31, 2008. The Company did not timely file its Form 10-K for the year-ended December 31, 2008, due to the Company's staffing and financial limitations, the time demands of the Company's staff in assisting the Company's board of directors in evaluating and assessing financial and strategic alternatives for the Company and the resulting lack of human resources to timely complete the Company's 2008 financial statements. Furthermore, the Exchange's notice also notes that, as a result of its Chapter 11 filing, the Company has become subject to Section 1003(c)(3) of the Company Guide, which states that the Exchange will normally consider suspending dealings in, or removing from the list, securities of an issuer whenever advice has been received, deemed by the Exchange to be authoritative, that the security is potentially without value. The Company does not intend to appeal the delisting. The Exchange halted trading in the Company's common stock prior to the opening of the market on March 30, 2009. The Company does not anticipate that the trading of the Company's common stock will recommence on the Exchange prior to the Exchange's delisting of the common stock.