Abraxas closes public offering

Abraxas Petroleum Corp.

Abraxas Petroleum Corp. (NASDAQ:AXAS) has closed its public offering of 11,500,000 shares of common stock, including 1,500,000 shares sold pursuant to the exercise by the underwriters of their full option to purchase additional shares at a price of $5.00 per share, less applicable underwriting discounts.

Stephens Inc., Canaccord Genuity Inc., and Robert W. Baird & Co. Inc. acted as joint book-runners in the offering.

Abraxas Petroleum is a San Antonio, Texas-based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin, and Gulf Coast regions of the US, and in the province of Alberta, Canada.

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