9 May 2012quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $15.9 million and net income of $10.9 million for the period ended 2012-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2012agm 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).
15 Mar 2012quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.4 million and net income of $817 thousand for the period ended 2012-03-31.
16 Feb 2012debt financing● Neutral
On February 14, 2012 Raven Drilling finalized the $7.0 million rig note under the September 2011 loan agreement at 4.26%, maturing February 14, 2017, with interest only for the first 18 months. This completes the rig financing; the rig is to head to the Williston Basin 'in the very near future'.
14 Feb 2012substantial holder notice● Neutral
Neuberger Berman Group LLC, Neuberger Berman LLC, Neuberger Berman Management LLC disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (5.38% of votes).
14 Feb 2012substantial holder notice● Neutral
Third Point LLC, Daniel S. Loeb reported no remaining ABRAXAS PETROLEUM CORP shareholding in its periodic institutional filing.
14 Feb 2012substantial holder notice● Neutral
FRONTIER CAPITAL MANAGEMENT CO., LLC disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (5.10% of votes).
9 Feb 2012substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (5.14% of votes).
9 Nov 2011quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.5 million and a net loss of $5.3 million for the period ended 2011-12-31.
9 Nov 2011quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.5 million and a net loss of $5.3 million for the period ended 2011-12-31.
23 Sept 2011debt financing● Neutral
On September 19, 2011 Abraxas's subsidiary Raven Drilling signed a loan agreement with RBS Asset Finance for up to $7.0 million to refinance the drilling rig bought in July 2011. Abraxas guarantees it and the rig is the security. The company expects to send the rig to McKenzie County, North Dakota (Bakken / Three Forks) in the fourth quarter of 2011.
9 Aug 2011quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $17.7 million and net income of $20.1 million for the period ended 2011-09-30.
9 Aug 2011quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $17.7 million and net income of $20.1 million for the period ended 2011-09-30.
6 July 2011debt financing● NeutralMajor
On June 30, 2011 Abraxas replaced its Société Générale credit facility with a new one maturing June 30, 2015, borrowing about $90.0 million at closing. The borrowing base is $125.0 million (maximum commitment $300.0 million), the rate was about 3.00% at June 30, and the debt-to-EBITDAX limit is 4.00. The filing also notes a July 6, 2011 press release on buying a used 2,000 hp drilling rig. This replaces the October 2009 facility.
9 May 2011agm 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).
9 May 2011quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.7 million and net income of $8.9 million for the period ended 2011-06-30.
9 May 2011quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $16.7 million and net income of $8.9 million for the period ended 2011-06-30.
1 Apr 2011agm 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).
28 Jan 2011securities registration● Neutral
ABRAXAS PETROLEUM CORP filed a prospectus supplement for an offering off its existing shelf.
28 Jan 2011material agreement● NeutralMajor
On January 26, 2011 Abraxas sold 12,000,000 new shares at $4.40, alongside 8,503,347 shares sold by outside holders (Abraxas gets nothing from those). Net proceeds of about $49.3 million are meant to repay credit facility debt, raise the 2011 capital budget to $60 million and for general purposes; an extra 3,075,502-share option could add more. Existing holders are diluted by the new shares.
27 Jan 2011securities registration● Neutral
ABRAXAS PETROLEUM CORP filed a free-writing prospectus - marketing material for an offering in progress.
18 Jan 2011securities registration● Neutral
ABRAXAS PETROLEUM CORP filed a prospectus supplement for an offering off its existing shelf.
15 Nov 2010quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.0 million and a net loss of $856 thousand for the period ended 2010-09-30.
15 Nov 2010quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.0 million and a net loss of $856 thousand for the period ended 2010-09-30.
23 Aug 2010asset acquisition disposition▲ GoodMajor
On August 18, 2010 Abraxas contributed 8,333 net Eagle Ford acres to a new joint venture, Blue Eagle Energy, with Blue Stone Oil & Gas, and received a $25 million equity interest; Blue Stone put in $25 million cash and committed another $50 million. Once fully funded Abraxas will own 25% and Blue Stone 75%. Abraxas will operate the wells, and CEO Robert Watson joins the JV board.
16 Aug 2010quarterly activities report▼ Bad
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.0 million and a net loss of $856 thousand for the period ended 2010-09-30.
18 May 2010quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.9 million and net income of $5.3 million for the period ended 2010-06-30.
17 May 2010quarterly activities report● Neutral
ABRAXAS PETROLEUM CORP reported quarterly revenue of $14.9 million and net income of $5.3 million for the period ended 2010-06-30.
16 Feb 2010substantial holder notice● Neutral
Third Point LLC, Daniel S. Loeb disclosed a new substantial ABRAXAS PETROLEUM CORP shareholding (6.30% of votes).
16 Dec 2009securities registration● Neutral
ABRAXAS PETROLEUM CORP registered a securities offering with the SEC using its shelf eligibility.