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Abraxas Petroleum Corporation
AXAS is pleased to provide the
following divestiture update.
Nordheim Closing
Abraxas recently closed the previously announced divestiture of the Company's
Nordheim Eagleford assets for net proceeds of $18.8mm after accounting for
purchase price adjustments.
Bob Watson, President and CEO of Abraxas, commented, “We are very enthused by
our continued execution on the A&D front with the closing of the Nordheim
divestiture. Abraxas now enters 2013 poised for strong growth, a leaner
balance sheet and an enviable asset base.”
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