Basic Earth Science Systems, Inc. (BSIC) Announces Name Change to Earthstone Energy, Inc.
Basic Earth Science Systems, Inc. announced that the company has formally changed its name to Earthstone Energy, Inc. The company will continue to trade under the symbol BSIC. Earthstone Energy, Inc. said that the company received approval for the name change from the Financial Industry Regulatory Authority. Earthstone Energy, Inc. also applied for a change in trading symbol, but the application was declined. The Financial Industry Regulatory Authority recently changed regulations regarding symbol changes and beginning 6/1/2010 trading symbols can only be changed in the event of a corporate merger. The management of Earthstone Energy, Inc. was disappointed with the…