EX-5.1 2 legal.htm JACKSON WALKER CONSENT legal.htm
Exhibit 5.1
 
JW
 
ATTORNEYS & COUNSELORS
 
112 East Pecan Street, Suite 2100
Steven R. Jacobs
San Antonio, TX 78205
(210) 978-7727 (Direct Dial)
(210) 978-7700, Fax (210) 978-7790
JACKSON WALKER L.L.P.
(210) 242-4650 (Direct Fax)
www.jw.com
 
sjacobs@jw.com

October 19, 2009

 
Abraxas Petroleum Corporation
18803 Meisner Drive
San Antonio, Texas 78258

 
Re:
Registration Statement on Form S-3 for the registration of 25,234,467 Shares of Abraxas Petroleum Corporation Common Stock
 

Ladies and Gentlemen:

We have acted as counsel to Abraxas Petroleum Corporation, a Nevada corporation (the “Company”), in connection with the preparation for filing with the Securities and Exchange Commission of a registration statement on Form S-3 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities  Act”).  The Registration Statement relates to the registration for resale of an aggregate of 25,234,467 shares (the “Shares”) of common stock, par value $0.01 per share (“Common Stock”), of the Company, all of which are currently issued and outstanding.

In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies.  In making our examination of documents executed or to be executed, we have assumed that the parties thereto had the power, corporate or otherwise, to enter into and perform all obligations thereunder and have also assumed the due authorization by all requisite action, corporate or otherwise, by such parties, and the execution and delivery by such parties of such documents.  As to any facts  material to the opinions expressed herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Company and others and of public officials.

We have examined and are familiar with originals or copies, the authenticity of which have been established to our  satisfaction, of all such documents, corporate records, certificates of officers of the Company and public officials, and other instruments as we have deemed necessary to express the opinions hereinafter set forth.  In expressing our opinions herein, we express no opinion as to compliance with federal and state securities laws.

Based upon the foregoing and subject to the limitations, qualifications, exceptions and assumptions set forth herein, we are of the opinion that the Shares have been duly authorized and legally issued and constitute fully paid and nonassessable shares of Common Stock of the Company.

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement.  In giving this consent, we do not admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act, the general rules and regulations of the Commission promulgated thereunder or any similar provision of any state securities laws or regulations.

Very truly yours,

/s/ Jackson Walker L.L.P.

 
SJ/law