Past year: ▼ 95%(3.00c – 1.85 USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2015production update● Neutral
Abraxas furnished a September 3, 2015 news release titled 'Abraxas Provides Financial and Operational Update' as an exhibit. The 8-K text contains no figures or terms; the substance is in the exhibit, which is not shown.
7 Aug 2015quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.0 million and a net loss of $3.3 million for the period ended 2015-09-30.
7 Aug 2015quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.0 million and a net loss of $3.3 million for the period ended 2015-09-30.
23 July 2015other● Neutral
With the shares sliding through the 2015 oil-price crash, Abraxas told the market it saw no company-specific reason for it: $108 million drawn on a $165 million borrowing base, essentially bank debt only, a capital budget of $55 million that matched forecast cash flow, and 2015 production guidance of 6,500-7,000 barrels of oil equivalent a day left untouched. A defensive statement, but one backed with balance-sheet numbers rather than reassurance.
8 May 2015quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $11.0 million and a net loss of $46.9 million for the period ended 2015-06-30.
7 May 2015quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $11.0 million and a net loss of $46.9 million for the period ended 2015-06-30.
5 May 2015agm notice● Neutral
ABRAXAS PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
2 Apr 2015agm notice● Neutral
ABRAXAS PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
5 Mar 2015quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $9.6 million and a net loss of $40.9 million for the period ended 2015-03-31.
3 Feb 2015substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (5.60% of votes).
7 Nov 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.1 million and a net loss of $52.4 million for the period ended 2014-09-30.
5 Nov 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.1 million and a net loss of $52.4 million for the period ended 2014-09-30.
8 Aug 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.1 million and a net loss of $52.4 million for the period ended 2014-09-30.
6 Aug 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.1 million and a net loss of $52.4 million for the period ended 2014-09-30.
10 July 2014substantial holder notice● Neutral
BlackRock, Inc reported a ABRAXAS PETROLEUM CORP shareholding of 5,096,872 shares (4.90% of votes) in a periodic institutional filing.
20 June 2014securities registration● Neutral
ABRAXAS PETROLEUM CORP filed a prospectus supplement for an offering off its existing shelf.
20 June 2014material agreement● NeutralMajor
On June 18, 2014 Abraxas agreed to sell 10,000,000 new shares at $5.00 each to underwriters led by Stephens, Canaccord Genuity and Robert W. Baird, with a 30-day option for up to 1,500,000 more. Net proceeds of about $47.0 million are meant to speed up 2014 Bakken and Eagle Ford drilling, add leased acreage mainly in the Eagle Ford, repay credit facility debt and cover general purposes; closing was expected around June 24, 2014. Existing shareholders are diluted by the new shares (the filing gives no total share count to size it).
12 June 2014asset acquisition disposition▲ GoodMajor
On June 11, 2014 Abraxas entered into a third amended and restated credit facility with Société Générale, borrowing about $80.0 million at closing to refinance the previous facility and for general purposes. The borrowing base is $162.5 million (up from the $140.0 million temporary level earlier), the maximum commitment stays $300.0 million, and maturity moves out to June 30, 2018 from June 30, 2015. Interest was about 2.9% at closing, and the same three covenants (current ratio 1.00, interest coverage 2.50, debt/EBITDAX 4.00) continue.
12 June 2014securities registration● Neutral
ABRAXAS PETROLEUM CORP filed a prospectus supplement for an offering off its existing shelf.
9 May 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $18.9 million and a net loss of $6.6 million for the period ended 2014-06-30.
8 May 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $18.9 million and a net loss of $6.6 million for the period ended 2014-06-30.
6 May 2014agm notice● Neutral
ABRAXAS PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
2 Apr 2014agm notice● Neutral
ABRAXAS PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 Mar 2014quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $18.7 million and a net loss of $718 thousand for the period ended 2014-03-31.
10 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a ABRAXAS PETROLEUM CORP shareholding of 3,044,338 shares (3.27% of votes) in a periodic institutional filing.
10 Feb 2014production update● Neutral
Abraxas furnished a news release titled 'Abraxas Provides Operational Update; Announces Upcoming Presentation' and slides for CEO Bob Watson's February 12, 2014 talk at the Oil and Gas Investment Symposium in Fort Lauderdale. The 8-K text itself contains no figures or new terms; any detail is in the exhibits, which are not shown.
28 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a ABRAXAS PETROLEUM CORP shareholding of 5,787,682 shares (6.20% of votes) in a periodic institutional filing.
26 Dec 2013asset acquisition disposition● NeutralMajor
On December 20, 2013 Abraxas completed the WyCross sale to F-250, LLC for net proceeds of $71.4 million after fees and adjustments. The assets were about 1,200 net acres and 3.7 million barrels of proved reserves (June 30, 2013 internal report). The company plans to use the proceeds to pay down bank debt (the sentence is cut off in the filing). This closes the December 5 agreement.
9 Dec 2013material agreement● NeutralMajor
On December 5, 2013 Abraxas agreed to sell its WyCross Eagle Ford interests in McMullen County, Texas to F-250, LLC for $73.0 million (effective December 1, 2013). It plans to repay revolving credit debt first, then redeploy funds into operated Eagle Ford and Bakken lease blocks. Closing was scheduled for December 2013. This sells the WyCross stake kept from the Blue Eagle dissolution.
7 Nov 2013quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $22.2 million and net income of $27.0 million for the period ended 2013-12-31.
