U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 0-19118
(Check one):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10Q [ ] Form N-SAR
For Period Ended March 31, 2002
[ ] Transition Report of Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:________________________
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Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any Information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates.
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Part I - Registrant Information
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Abraxas Petroleum Corporation
(Full Name of Registrant)
500 North Loop 1604 East, Suite 100
San Antonio, TX 78232
(Address of Principal Executive Office)
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Part II Rules 12b-25 (b) and (c)
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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)
[ X ]
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without reasonable effort and expense.
(b) The subject annual report, semi-annual report, transition report of
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the fifteenth calendar day following the prescribed
due date; or the subject report or transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
(c) The accountant's statement of other exhibit required by rule 12b-25(c)
has been attached if applicable.
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Part III - Narrative
The Company's Chief Financial/Accounting Officer has been occupied with the
process related to the sale of Canadian assets and thus has been delayed in
completion of the Form 10-Q.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Chris Williford 210 490-4788
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(Name) (Area Code) (Telephone Number)
(1) Have all other periodic reports required under section 13 or 15(d) if 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 the answer is
no, identify report(s).
[ X ] Yes [ ] No
(2) Is it anticipated that any significant change in the 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
[ ] Yes [ X ] No
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 May 15, 2002 By /s/ Chris Williford