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
Date of Report
(Date of earliest event reported)
March 16, 2009
TXCO Resources Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 0-9120 | 84-0793089 |
| (State of | (Commission File | (IRS Employer |
| incorporation) | Number) | Identification No.) |
| 777 E. Sonterra Blvd., Suite 350 | |
| San Antonio, Texas | 78258 |
| (Address of principal executive offices) | (Zip Code) |
(210) 496-5300
(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): |
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
The Company issued a press release on March 16, 2009, attached as Exhibit 99.1, reporting earnings for the quarter and annual periods ended December 31, 2008.
The press release contained a discussion of Ebitdax, defined as earnings before income taxes, interest, depreciation, depletion, amortization, impairment, abandonment and exploration expense, and Ebitda, defined as Ebitdax less exploration expense. It also includes disclosure of the Company's PV-10 value. Ebitdax, Ebitda and PV-10 are "non-GAAP financial measures" as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended. The Company discussed Ebitdax and Ebitda for the fourth-quarter and annual periods ended December 31, 2008 and 2007, and PV-10 as of December 31, 2008 and 2007. The required disclosures were included, as the final two pages of the release, with reconciliation of Ebitda and Ebitdax to both "Net Income" and "Net Cash Provided by Operating Activities" and reconciliation of PV-10 to the "Standardized Measure" at those dates.
In accordance with general instruction B.2 to Form 8-K, this press release is being "furnished" and will not be deemed "filed" with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor will such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.
Item 9.01. Financial Statements and Exhibits
| Exhibit Number | Description |
| | |
| 99.1 | Press release dated March 16, 2009, entitled "TXCO Resources Reports 2008 Results" |
SIGNATURE
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.
| | TXCO Resources Inc. |
| | |
| Dated: March 18, 2009 | /s/ P. Mark Stark |
| | P. Mark Stark |
| | Chief Financial Officer |
| | (Principal Accounting and Financial Officer) |
EXHIBIT INDEX
| Exhibit Number | Description |
| | |
| 99.1 | Press release dated March 16, 2009, entitled "TXCO Resources Reports 2008 Results" |
* * *
