May 19, 2009 (FinancialWire) — Quest Resource Corp. (NASDAQ: QRCP) has asked for a hearing from the NASDAQ Listing Qualifications Hearing Panel regarding the panel’s May 12 notice of delisting.

The delisting was caused by the company’s delayed filing of a quarterly report (form 10-Q) for the quarter ending September 30, 2008, and annual report for 2008. NASDAQ’s letter also pointed out the company’s delinquency in filing a quarterly report for the period ending March 31, 2009.

Quest’s hearing request automatically delays the delisting until June 3. It has also asked for extra time to complete other requirements, but there is no guarantee that NASDAQ will grant such requests.

Quest Resource Corp. is a fully integrated E&P company that owns: producing properties and acreage in the Appalachian Basin of the northeastern United States; 100% of the general partner and a 57% limited partner interest in Quest Energy Partners, L.P. (NASDAQ: QELP); and 85% of the general partner and a 36.4% of the limited partner interests in the form of subordinated units in Quest Midstream Partners, L.P. Quest Resource operates and controls Quest Energy Partners and Quest Midstream Partners through its ownership of their general partners. For more information, visit the Quest Resource website at www.qrcp.net, the Quest Energy Partners website at www.qelp.net, and the Quest Midstream Partners website at www.qmlp.net. Quest Resource routinely posts important information in the “Investors” section of its website.

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