공지 • Nov 18
Abraxas Petroleum Corporation Appoints Kenneth R. Cooper as Class III Director On November 15, 2022, the Board of Directors of Abraxas Petroleum Corporation appointed Mr. Kenneth R. Cooper to the Board as a Class III director. Mr. Cooper was elected to the Board to fill the vacancy created by Mr. Brian L. Melton’s resignation from the Board, which reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on November 15, 2022. The Board will determine which committees, if any, Mr. Cooper will be appointed to at the first Board meeting following his election. Mr. Cooper is also an independent director of Biglari Holdings Inc. Mr. Cooper is not deemed to have had an indirect material interest in the Exchange within the meaning of Item 404(a) of Regulation S-K by nature of being an independent director of Holdings, and there are no other transactions between Mr. Cooper and the Company that would require disclosure under Item 404(a) of Regulation S-K. As a non-employee director of Board, Mr. Cooper will be compensated for his Board membership in the same manner as the Company’s other non-employee directors. The Company previously disclosed the terms of non-employee director compensation in its proxy statement on Schedule 14A, filed with the SEC on March 31, 2022. There are no arrangements or understandings between Mr. Cooper and any other person pursuant to which Mr. Cooper was elected to serve as a member of the Board. Mr. Cooper does not have any family relationships with any of the Company’s directors or executive officers. 공지 • Nov 16
Abraxas Petroleum Corporation Announces Executive Changes Abraxas Petroleum Corporation announced that Mr. Brian L. Melton tendered a letter of resignation to the board of directors in which he resigned from his position on the Board. In accordance with Mr. Melton’s letter of resignation to the Board, the resignation became effective as of 5:00 p.m. Central Time, on November 15, 2022. At the time of his resignation, Mr. Melton served as a Class III member of the Board. Mr. Melton also held positions on the Company’s Audit and Compensation Committees. The Class III director, Audit Committee and Compensation Committee vacancies created by the resignation of Mr. Melton will remain vacant until further action with respect thereto by the Board or the Company’s stockholders. On November 15, 2022, Messrs. G. William Krog, Jr. and Kenneth W. Johnson were informed that their services as the Vice President – Chief Accounting Officer and Vice President – Operations, respectively, of the Company would no longer be required, effective as of 5:00 p.m. Central Time, on November 15, 2022. 공지 • Sep 14
Abraxas Petroleum Corporation Appoints David N. Roberts to the Board as a Class II Director On September 8, 2022, the Board of Directors of Abraxas Petroleum Corporation increased the size of the Board from five to six and appointed David N. Roberts to the Board as a Class II director. The Board will determine which committees, if any, Mr. Roberts will be appointed to at the first Board meeting following his election. Mr. Roberts is a Senior Advisor and member of the Executive Committee and Partnership Advisory Board of Angelo, Gordon & Co. L.P., which is an affiliate of AG Energy Funding, LLC. Mr. Roberts, age 60, also serves as the Chairman, Chief Executive Officer, and President of AG Mortgage Investment Trust Inc., a publicly traded residual-mortgage REIT that is managed and advised by a subsidiary of Angelo Gordon, and as a member of the board of directors of Arc Home LLC, a residential mortgage lender that is managed by MITT. 공지 • Apr 01
Abraxas Petroleum Corporation, Annual General Meeting, May 11, 2022 Abraxas Petroleum Corporation, Annual General Meeting, May 11, 2022, at 15:00 Central Standard Time. Agenda: To elect as director to the Abraxas Board of Directors the nominees named below for a term of three years: Brian L. Melton, Damon Putman, Daniel Baddeloo; to ratify the appointment of Akin, Doherty, Klein & Feuge, PC as Abraxas’ independent registered public accounting firm for the year ending December 31, 2022; to approve, on an advisory basis, the compensation of the Company’s named executive officers; and to transact any other business that has been properly brought before the meeting in accordance with the provisions of the Company’s Amended and Restated Bylaws. 공지 • Jan 05
Lime Rock Resources V-A, L.P. managed by Lime Rock Management LP acquired Certain Oil, Gas, and Mineral Properties in the Williston Basin Region of North Dakota from Abraxas Petroleum Corporation (OTCPK:AXAS) for $87.2 million. Lime Rock Resources V-A, L.P. managed by Lime Rock Management LP acquired Certain Oil, Gas, and Mineral Properties in the Williston Basin Region of North Dakota from Abraxas Petroleum Corporation (OTCPK:AXAS) for $87.2 million on January 3, 2022. The purchase price is subject to adjustments. The size of the Abraxas board of directors has been increased to five members: two continuing Abraxas directors and three new directors designated by AG. Effective with consummation of the transactions, two AG directors have been appointed to the Board, and a third AG member will be added later in January. Jeffrey C. Gifford of Dykema Gossett PLLC acted as legal advisor to Abraxas Petroleum Corporation. Petrie Partners Securities, LLC served as financial advisor to Abraxas. Holland & Hart LLP served as legal counsel to Abraxas.
Lime Rock Resources V-A, L.P. managed by Lime Rock Management LP completed the acquisition of Certain Oil, Gas, and Mineral Properties in the Williston Basin Region of North Dakota from Abraxas Petroleum Corporation (OTCPK:AXAS) on January 3, 2022. 공지 • Sep 19
The Nasdaq Stock Market to Delist the Common Stock of Abraxas Petroleum The Nasdaq Stock Market announced that it will delist the common stock of Abraxas Petroleum Corporation. Abraxas Petroleum Corporation’s common stock was suspended on August 4, 2021 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting become effective ten days after the Form 25 is filed. 공지 • Aug 06
Abraxas Petroleum Corporation(OTCPK:AXAS) dropped from S&P TMI Index Abraxas Petroleum Corporation(OTCPK:AXAS) dropped from S&P TMI Index 공지 • Aug 05
Abraxas Petroleum Corporation(NasdaqCM:AXAS) dropped from NASDAQ Composite Index Abraxas Petroleum Corporation has been deleted from NASDAQ Composite Index. 공지 • May 18
Abraxas Petroleum Receives Non Compliance Notice from Nasdaq On May 11, 2021, Abraxas Petroleum Corporation received a notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company has not maintained the necessary minimum of $500,000 in net income from continuing operations in the most recently completed fiscal year, or two of the last three fiscal years, as required by Listing Rule 5550(b)(3) (the "Listing Rule"). The Company also does not presently meet the alternatives of market value of listed securities or stockholders equity, accordingly, the Company no longer complies with the Listing Rule. The notice states that the Company has 45 calendar days to submit to Nasdaq a plan to regain compliance with the Listing Rules (the "Plan"). The Company is working to resolve this matter and expects to submit the Plan to Nasdaq within the 45 calendar day period. If Nasdaq accepts the Plan, then Nasdaq may grant the Company up to 180 calendar days from May 11, 2021 to evidence compliance. 공지 • Apr 02
Abraxas Petroleum Corporation announced delayed annual 10-K filing On 03/31/2021, Abraxas Petroleum Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 17
New 90-day high: US$4.39 The company is up 130% from its price of US$1.91 on 18 November 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.16 per share. Is New 90 Day High Low • Jan 29
New 90-day high: US$2.95 The company is up 81% from its price of US$1.63 on 30 October 2020. The American market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$8.16 per share. 공지 • Jan 28
Abraxas Petroleum Corporation(NasdaqCM:AXAS) dropped from Russell 2000 Dynamic Index Abraxas Petroleum Corporation(NasdaqCM:AXAS) dropped from Russell 2000 Dynamic Index Major Estimate Revision • Nov 18
Analysts lower EPS estimates to -US$9.08 The 2020 consensus revenue estimate was lowered from US$47.1m to US$45.5m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -US$5.04 to -US$9.08 for the same period. The Oil and Gas industry in the US is expected to see a 3.0% decline in net income next year. The consensus price target of US$2.00 was unchanged from the last update. Share price is up 15% to US$2.17 over the past week. Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$8.80 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$12.6m (down 60% from 3Q 2019). Net loss: US$73.6m (down US$90.7m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 64% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 19,456%. Over the next year, revenue is expected to shrink by 13% compared to a 8.4% growth forecast for the Oil and Gas industry in the US. 공지 • Nov 10
Abraxas Petroleum Regains Compliance with Nasdaq Continued Listing Standards Abraxas Petroleum Corporation (NasdaqCM:AXAS) on November 09, 2020 announced that on November 2, 2020 it received a confirmation letter from The NASDAQ Stock Market LLC ("NASDAQ") that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum average closing price of $1.00 per share over a period of 10 consecutive trading days. The letter also confirms that Nasdaq is closing the non-compliance matter. Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain and Permian Basin regions of the United States. Price Target Changed • Nov 10
Price target lowered to US$2.00 Down from US$3.12, the current price target is an average from 2 analysts. The new target price is 9.9% above the current share price of US$1.82. As of last close, the stock is down 73% over the past year. 공지 • Aug 11
Abraxas Petroleum Corporation announced delayed 10-Q filing On 08/10/2020, Abraxas Petroleum Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Jul 06
Abraxas Petroleum Corporation(NasdaqCM:AXAS) dropped from Russell 2000 Index Abraxas Petroleum Corporation(NasdaqCM:AXAS) dropped from Russell 2000 Index