Past year: ▼ 95%(3.00c – 1.85 USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Feb 2009asset acquisition disposition● Neutral
Abraxas announced its year-end 2008 results by press release. The filing text itself contains no figures; the numbers are only in the attached release, which is not reproduced here. It is an earnings announcement, not an acquisition or sale despite how it was tagged.
5 Feb 2009substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (4.45% of votes).
20 Jan 2009material agreement▼ BadMajor
Abraxas Energy Partners amended both its senior revolving credit facility (borrowing base $140.0 million, commitment $300.0 million) and its subordinated credit agreement. The subordinated debt now matures July 1, 2009 at a 10.5% rate, with a principal payment due May 14, 2009 of up to $2.25 million. Abraxas Petroleum is to provide a letter of credit for that payment and would receive extra partnership units in return. New default triggers include failing to raise $20.0 million in equity by April 30, 2009, and capital spending is capped at $12.5 million. The investor exchange date into Abraxas Petroleum stock is now April 30, 2009.
5 Jan 2009director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Land and Contracts Stephen T Wendel bought 5,624 shares on the open market at $0.00.
5 Jan 2009director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Operations William H Wallace bought 233 shares on the open market at $0.00.
13 Nov 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Franklin A Burke bought 3,000 shares on the open market at $1.44.
23 Oct 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Harold D Carter bought 5,000 shares on the open market at $1.81.
8 Oct 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Corporate Development Stuckey Barbara M. bought 5,000 shares on the open market at $1.51.
8 Oct 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Franklin A Burke bought 36,950 shares on the open market at $1.71.
7 Oct 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP President/CEO Robert L G Watson bought 5,000 shares on the open market at $1.78.
6 Oct 2008material agreement▼ BadMajor
Abraxas Energy Partners and its investors pushed back the deadline for the partnership's IPO and resale registration from September 30, 2008 to January 31, 2009 (April 30, 2009 in some cases). The date investors can first swap partnership units for Abraxas Petroleum stock also moved from November 15, 2008 to January 31, 2009. The partnership will pay investors $0.0625 per unit each quarter as consideration. Holders of 42,000 units are not bound by the exchange amendment. The IPO had not been completed by this point.
17 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Paul A Powell bought 5,000 shares on the open market.
16 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Harold D Carter bought 17,500 shares on the open market at $2.18.
16 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP director Franklin A Burke bought 50,000 shares on the open market at $2.39.
16 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP CEO/President Robert L G Watson bought 5,000 shares on the open market at $2.37.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP Vice President - Operations William H Wallace received 5,000 shares as part of the equity award.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Land & Marketing Stephen T Wendel received 1,278 shares as part of the equity award.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP Executive VP/CFO Chris E Williford received 1,270 shares as part of the equity award.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP Vice President - Exploration Lee T Billingsley received 1,379 shares as part of the equity award.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP CEO/President Robert L G Watson received 3,469 shares as part of the equity award.
11 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Corporate Development Stuckey Barbara M. received 849 shares as part of the equity award.
10 Sept 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP VP - Land & Marketing Stephen T Wendel exercised stock options for 10,000 shares and disposed of 10,000 shares.
26 Aug 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP Vice President - Operations William H Wallace exercised stock options for 6,500 shares and disposed of 7,815 shares.
18 Aug 2008debt financing● Neutral
Abraxas Energy Partners, in which Abraxas Petroleum owns 47.2%, entered a two-year interest rate swap with The Royal Bank of Scotland effective August 12, 2008. It pays a fixed 3.367% and receives a floating one-month LIBOR rate, on $100 million for the first year and $50 million for the second. This fixes the interest cost on part of the partnership's borrowing.
11 Aug 2008asset acquisition disposition● Neutral
This is a second amendment to the report on the January 2008 St. Mary property purchase, filed in response to SEC staff comments. It repeats the same 2007 figures ($39.3 million revenue, $23.8 million after direct operating costs) and adds more detail on who prepared the reserve estimates, plus a Ryder Scott consent. The acquisition itself is unchanged.
11 Aug 2008late filing notice▼ Bad
ABRAXAS PETROLEUM CORP notified the SEC that its quarterly report would be filed late.
30 July 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP Executive VP/CFO Chris E Williford exercised stock options for 20,000 shares and disposed of 23,677 shares.
24 July 2008director interest notice● Neutral
ABRAXAS PETROLEUM CORP CEO/President Robert L G Watson exercised stock options for 20,000 shares and disposed of 20,000 shares.
24 July 2008listing compliance notice▼ BadMajor
ABRAXAS PETROLEUM CORP's securities were notified for removal from listing and registration on its exchange.
24 July 2008listing compliance notice▲ GoodMajor
Nasdaq certified ABRAXAS PETROLEUM CORP's securities for listing, clearing them to begin trading.
