Abraxas Registration Statement Effective.Energy Editors/Business Editors SAN ANTONIO--(BUSINESS WIRE)--Aug. 13, 2003 Abraxas Petroleum Corporation ("Abraxas") (AMEX AMEX See: American Stock Exchange :ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. ) announced that the Securities and Exchange Commission has declared Abraxas' post-effective amendment number 2 to its Form S-1 originally filed in May of 2003 effective. The registration statement declared effective is a Registration Statement on Form S-1 filed with the SEC on February 7, 2003, as amended by Amendment No. 1 to Form S-1 filed with the SEC on April 17, 2003 and Amendment No. 2 filed on August 11, 2003 (collectively, the "Shelf Registration Statement"). The effectiveness of the Shelf Registration Statement will allow holders of the shares of common stock (which are listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ) and the 11 1/2% Secured Notes due 2007, Series A, issued on January 23, 2003, to be freely traded, provided that the seller of any such securities must deliver a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. to the buyer. Final prospectuses may be obtained by selling security holders from Abraxas by calling or e-mailing Abraxas at the contact set forth below. Abraxas may supplement or amend the Shelf Registration Statement and the final prospectus from time to time. Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploitation and production company. The Company operates in Texas, Wyoming and western Canada
Western Canada, commonly referred to as the West . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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 crude oil and natural gas. In addition, the Company's future crude oil and natural gas 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 filing with the Securities and Exchange Commission during the past 12 months. |
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