-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EL8JzWXYdc2QBTSM4pfTTBh72gUQGtPwiAWjSuTnhdM2Clsvxo4c1UQGp9l/JErk DxS02VQxdDZDaoHzaZoPqQ== 0000867665-97-000011.txt : 19970630 0000867665-97-000011.hdr.sgml : 19970630 ACCESSION NUMBER: 0000867665-97-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970627 ITEM INFORMATION: Other events FILED AS OF DATE: 19970627 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABRAXAS PETROLEUM CORP CENTRAL INDEX KEY: 0000867665 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742584033 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19118 FILM NUMBER: 97631000 BUSINESS ADDRESS: STREET 1: 500 N LOOP 1604 EAST STE 100 CITY: SAN ANTONIO STATE: TX ZIP: 78209 BUSINESS PHONE: 2104904788 MAIL ADDRESS: STREET 1: 500 N LOOP 1604 EAST STE 100 CITY: SAN ANTONIO STATE: TX ZIP: 78232 8-K 1 FORM 8K DATED JUNE 27, 1997 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report June 27, 1997 Abraxas Petroleum Corporation (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 0-19118 74-2584033 (Commission File Number) (I.R.S. Employer Identification Number) 500 N. Loop 1604 East, Suite 100 San Antonio, Texas 78232 (Address of principal executive offices) Registrant's telephone number, including area code: (210) 490-4788 Item 5. OTHER EVENTS. (a) On June 23, 1997 Abraxas Petroleum Corporation announced that the company's previously granted Contingent Value Rights (CVR) expired on June 20, 1997 with no issuance of additional shares under the CVR agreement. These rights were granted in a private placement equity sale in November of 1995. The following exhibits are filed as part of this report: NUMBER DOCUMENT 99.5 Press release dated June 23, 1997 SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ABRAXAS PETROLEUM CORPORATION By: /s/ Chris Williford Chris Williford Executive Vice President, Chief Financial Officer and Treasurer Dated: June 25, 1997 EX-99.5 2 NEWS RELEASE - TERMINATION OF CVRS EXHIBIT 99.5 NEWS RELEASE - ------------------------------------------------------------------------------ FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT: JACK M. RONEY DIRECTOR OF CORPORATE DEVELOPMENT ABRAXAS PETROLEUM CORPORATION ANNOUNCES TERMINATION OF CONTINGENT VALUE RIGHTS SAN ANTONIO, TX - (June 23 , 1997) - Abraxas Petroleum Corporation (NASDAQ: AXAS) today announced that it has met the terms of its Contingent Value Rights (CVR) Agreement, which will retire the CVRs and result in no additional issuance of common shares through the Agreement. The terms required 30-consecutive trading days in which the Company's common stock equaled or exceeded $12.50. Reportable income for the fourth quarter of 1996, fiscal year 1996 and the first quarter of 1997 were all diluted by potential CVR share issuance. Earnings per share for the affected periods were reduced by $.05, $.03 and $.02 respectively. Future reporting periods will not be affected by the potential for any additional common share issuance related to the CVRs. Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploration and production company that also processes natural gas. It operates primarily along the Texas Gulf Coast, in the Permian Basin of western Texas, western Canada and southwestern Wyoming. ### -----END PRIVACY-ENHANCED MESSAGE-----