Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
August 10 2020 - 04:11PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one):
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☐ Form 10-K
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☐ Form 20-F
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☐ Form 11-K
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☒ Form 10-Q
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☐ Form 10-D
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☐ Form N-CEN
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☐ Form N-CSR
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For Period
Ended: June 30,
2020
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☐ Transition Report on Form 10-K
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☐ Transition Report on Form 20-F
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☐ Transition Report on Form 11-K
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☐ Transition Report on Form 10-Q
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For the Transition Period
Ended:
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Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
ABRAXAS PETROLEUM
CORPORATION
Full Name of Registrant
Former Name if Applicable
18803 MEISNER DRIVE
Address of Principal Executive Office (Street and
Number)
SAN ANTONIO, TX 78258
City, State and Zip Code
PART II -- RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25 (b), the following should be completed. (Check box if
appropriate)
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(a)
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The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
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☒
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(b)
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The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject
distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed
due date; and
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(c)
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The accountant’s statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III -- NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F,
11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or
portion thereof, could not be filed within the prescribed time
period. See attached.
PART IV -- OTHER INFORMATION
(1)
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Name and telephone number of person to contact in regard to this
notification
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Steven P. Harris
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210
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490-4788
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(Name)
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(Area Code)
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(Telephone Number
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(2)
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Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report(s) been filed? If answer is no, identify report(s).
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☒
Yes ☐ No
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(3)
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Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
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Yes ☐ No
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If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made.
ABRAXAS PETROLEUM CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 10, 2020
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By:
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/s/Steven P. Harris
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Name: Steven P. Harris
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Title: Vice President-Chief Financial
Officer
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ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
PART III – NARRATIVE
Abraxas Petroleum Corporation (the “Company”) cannot timely file
its Form 10-Q for the period ended June 30, 2020 (the “Quarterly
Report”), originally due on August 10, 2020, due to disruptions
from the unprecedented conditions surrounding the outbreak and
spread of the COVID-19 coronavirus pandemic (“COVID-19”). The
COVID-19 disruptions include, but are not limited to, office
closures, communication issues between the Company and its
professional advisors, and the unavailability of key Company
personnel required to prepare the Company’s financial statements
for the quarter ended June 30, 2020, due to suggested and mandated
social quarantining and work from home orders. The disruptions in
staffing, communications, and access to personnel have resulted in
delays, limited support, and insufficient review. Such delays were
further exacerbated by delays which occurred in connection with the
preparation of the Company’s Annual Report on Form 10-K for the
year ended December 31, 2019, and Quarterly Report on Form 10-Q for
the quarter ended March 31, 2020, for the same reasons described
above. The Company has also been delayed in preparing the Quarterly
Report due to delays in obtaining information from third parties
who have similarly been unavailable and impacted by COVID-19. This
has, in turn, delayed the Company’s ability to complete its
financial reporting process and prepare the Quarterly Report. The
delay could not be eliminated by the Company without undue expense
and unreasonable effort.
PART IV -- OTHER INFORMATION
The Company will file the subject Form 10-Q no later than the fifth
calendar day following the prescribed due date.
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