In-Play: Abaxas Guidance

Abraxas Petroleum Corp reports that it expects 4Q12 production to average between 4,300-4,500 BOEPD: Abraxas expects 4Q12 production to average between 4,300-4,500 BOEPD. The variance in guidance is due to the timing of completion and productivity of recent Bakken and Eagle Ford wells. Abraxas expects 2013 production to average between 4,900-5,200 BOEPD, which equates to approximately 21-28% growth over 2012. The Company is also actively marketing numerous assets which it deems non-core, assets with a low working interest or assets with little associated production that are not reflected in this guidance.