Receiving a notice of noncompliance from a major stock exchange is a significant negative indicator for a company's stock. It suggests underlying issues with the company's valuation or operations that have led to sustained low share prices. While the company's plans to initiate operations in the McCool field and consider a reverse stock split could potentially address the issue, these measures also indicate a level of desperation to comply with listing standards. The uncertainty surrounding the effectiveness of these measures and the potential for a reverse stock split (which can be viewed negatively by investors) likely contribute to a negative short-term impact on TPET's stock price.