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home / news releases / abraxas petroleum attempting to restart drilling act

AXAS - Abraxas Petroleum: Attempting To Restart Drilling Activities

Abraxas Petroleum Corporation
  • Abraxas Petroleum is attempting to restart drilling activities.
  • $100 oil does give it an opportunity to increase production while spending within cash flow.
  • It probably needs to get production up to around 4,000 BOEPD (in a couple years) for its common stock to have reasonable upside from $3.
  • Delivering improved well-level returns would also help the value of its acreage.

For further details see:

Abraxas Petroleum: Attempting To Restart Drilling Activities
Stock Information
Company Name: Abraxas Petroleum Corporation
Stock Symbol: AXAS
Market: NASDAQ
Website: abraxaspetroleum.com
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