UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 8, 2004
Date of Report (Date of earliest event reported)
ABRAXAS PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 0-19118 74-2584033
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
500 N. Loop 1604 East, Suite 100
San Antonio, Texas 78232
(210) 490-4788
(Address of principal executive offices and Registrant's telephone number,
including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
The information in this Report (including Exhibit 99.1) is furnished
pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of the Section. The information in this Report will not be deemed an
admission as to the materiality of any information required to be disclosed
solely to satisfy the requirements of Regulation FD.
On October 7, 2004, Abraxas Petroleum Corporation (the "Company") announced
in a press release that it its wholly owned Canadian subsidiary, Grey Wolf
Exploration Inc., has engaged CIBC World Markets Inc. to act as its advisor in
evaluating various financing alternatives, including the public or private sale
of debt or equity securities.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated October 7, 2004 entitled
"Abraxas' wholly owned Canadian subsidiary, Grey
Wolf Exploration Inc., Engages CIBC World Markets
Inc. to Advise it in Evaluating Financing
Alternatives"
SIGNATURES
Pursuant to the requirements 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: _________________________________________________
Chris Williford
Executive Vice President, Chief Financial
Officer and Treasurer
Dated: October 8, 2004
Exhibit 99.1
NEWS RELEASE
ABRAXAS' WHOLLY-OWNED CANADIAN SUBSIDIARY, GREY WOLF EXPLORATION INC.,ENGAGES
CIBC WORLD MARKETS INC. TO ADVISE IT IN EVALUATING FINANCING ALTERNATIVES
SAN ANTONIO, TX (October 7, 2004) - Abraxas Petroleum Corporation (the
"Company") (AMEX:ABP) announced today that its wholly owned Canadian subsidiary,
Grey Wolf Exploration Inc., has engaged CIBC World Markets Inc. to act as its
advisor in evaluating various financing alternatives, including the public or
private sale of debt or equity securities.
Abraxas Petroleum Corporation is a San Antonio-based natural gas and crude oil
exploitation and production company. The Company operates in Texas, Wyoming and
western Canada.
Safe Harbor for forward-looking statement: Statements in this release looking
forward in time involve known and unknown risks and uncertainties, which may
cause the Company's actual results in future periods to be materially different
from any future performance suggested in this release. Such factors may include,
but may not be necessarily limited to, changes in the prices received by the
Company for natural gas and crude oil. In addition, the Company's future natural
gas and crude oil production is highly dependent upon the Company's level of
success in acquiring or finding additional reserves. Further, the Company
operates in an industry sector where the value of securities is highly volatile
and may be influenced by economic and other factors beyond the Company's
control. In the context of forward-looking information provided for in this
release, reference is made to the discussion of risk factors detailed in the
Company's filings with the Securities and Exchange Commission during the past 12
months.
FOR MORE INFORMATION CONTACT:
Janice Herndon/Manager Corp. Communications
Telephone 210.490.4788
jherndon@abraxaspetroleum.com
www.abraxaspetroleum.com