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Abraxas Petroleum Provides Operational Update

Abraxas Petroleum Corporation (NASDAQ: AXAS) is pleased to provide the
following operational update.

Williston Basin

On the Abraxas' North Fork block in McKenzie County, ND, the Jore
Federal 2-11-3H (76% working interest) produced 15,289 BOE (11,785 BO
and 21,022 MCF gas) over its first 30 days from the Three Forks. The
well continues to flow 367 BOEPD (325 BOPD and 250 MCFPD) on a
restricted choke. Additionally, the well is expected to come in over
$1mm below its originally projected AFE. Completion operations remain
ongoing at the Ravin 2H and 3H. The Ravin 2H is estimated to be
completed and flowing to sales in mid-December after which completion

See full press release

Posted-In: News Guidance Contracts Management

 

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