Abraxas is also pleased to announce that the Company’s previously announced sale of its Alberta Basin properties in Montana closed yesterday.Bob Watson, President and CEO of Abraxas, commented, “Our business plan, CAPEX schedule and recent asset sales exemplify the strides we are making in executing on our stated plan of refocusing the portfolio on our core basins, delevering the balance sheet and growing the production base off high working interest wells in our core basins. Furthermore, our divestiture activity and schedule remains quite active and ongoing. We look forward to updating the market regularly as we continue to execute on our stated business plan.” Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast regions of the United States and in the province of Alberta, Canada. Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.