ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
reserve and operational update. The news release is attached as
Exhibit 99.1.
furnished 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.
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99.1
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News Release
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About ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS)
Abraxas Petroleum Corporation is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. The Company’s estimated net proved reserves are approximately 43.2 million barrels of oil equivalent (MMBoe), of which over 38% are classified as proved developed, approximately 71% are oil and natural gas liquids (NGL), and approximately 95% of which (on a PV-10 basis) are operated by the Company. The Company’s daily net production is approximately 5,970 barrels of oil equivalent per day (Boepd), of which over 77% is oil or liquids. The Company’s oil and gas assets are located in three operating regions: the Rocky Mountain, Permian Basin and onshore Gulf Coast. The Company’s properties in the Rocky Mountain region are located in the Williston Basin of North Dakota and Montana, and in the Green River Powder River and Unita Basins of Wyoming and Utah. ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS) Recent Trading Information
ABRAXAS PETROLEUM CORPORATION (NASDAQ:AXAS) closed its last trading session down -0.02 at 2.27 with 2,050,537 shares trading hands.
