Investor Relations
1. Corporate Profile
Abraxas Petroleum Corporation, established in 1977, is a publicly traded independent natural gas and crude oil exploitation and production company based in San Antonio, Texas. Operations are concentrated in Texas and Wyoming. Abraxas focuses on quality assets having high working interests with operational and infrastructure control, high producing rates per well, large acreage positions with substantial upside, exploitable using our expertise in horizontal drilling and/or 3-D seismic.
also...........
Abraxas Announces South Texas Drilling Results and Provides West Texas Update
SAN ANTONIO, Jul 25, 2005 (BUSINESS WIRE) -- Abraxas Petroleum Corporation (AMEX:ABP) today announced the results from the third Edwards horizontal well drilled in South Texas this year and provided a West Texas operational update.
The Edwards horizontal well was drilled to a total depth of 15,691', including a 1,311' lateral. The well was completed, recently placed on-line and currently pipeline restricted to a gross rate of 2.5 MMcfepd with flowing tubing pressure of 2,050 psig. Abraxas owns a 100% working interest in this well.
In the Oates SW Field area of West Texas, significant gas shows were encountered while drilling a Devonian horizontal well to a total depth of 16,022', including a 2,481' lateral. This well currently awaits completion. The first well to test the shallower Wolfcamp sands, has been successfully re-entered and awaits a stimulation crew. Abraxas owns a 100% working interest in both of these wells.
"We are quite pleased with the results from the Edwards horizontal drilling program this year and look forward to definitive results from the Oates SW Field projects in the near future. The financing we completed last week should enable us to accelerate our development in Texas and Wyoming even as we still experience some delays in obtaining equipment and crews. Continuing strong commodity prices, additional liquidity for development needs and a growing inventory of exciting projects should bode well for all Abraxas stakeholders looking forward into 2006," commented Bob Watson, Abraxas' President and CEO.
Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploitation and production company with operations in Texas and Wyoming.
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' filing with the Securities and Exchange Commission during the past 12 months.
SOURCE: Abraxas Petroleum Corporation
earnings on the 10th august
i will try to post chart , ........if it doesn't work please let me know how to do it.
couldn't post it ...................sorry last close 4.55
maxi
1.
Nice day for ABP with oil up ! 52 week high !
You think this stock is ready to go in the double digits ??
Thanks ! ;D
Another GREAT day by ABP ! ;D
Is this a healthy pullback or a bearish move ?? ???
HUGE down turn, a possible bargain here. Keep a watch on it.
Just awfull!
I did what I shouldn't ever do: I added on this huge dip. ::)
The fall in energy related stock is just too ridiculous, and must be pure panic.
Winter WILL come, energy WILL be needed.
I really don't understand what is going on... ???
Maybe I should just sell everything - and go home and knit a sweater? ;D
Cheers - in a couple of days, I hope!
Cumulina, What prices did you get ABP at ?
I got them at 6.62 - and I'm feeling better now... ;)
I guess the move today is because of this:
C. K. Cooper & Company Issues a 7-Page Research Update and Reiterates Buy Rating on Abraxas Petroleum Corp Raising Target Price to $9.00
October 11, 2005 09:31:20 (ET)
IRVINE, Calif., Oct 11, 2005 /PRNewswire via COMTEX/ -- C. K. Cooper & Company published a 7-page report on Abraxas Petroleum Corp (ABP, Trade). This research report details Abraxas' West Texas and Wyoming resource plays and the potential upside for ABP shareholders.
Brian J. Samuels, Associate Director of Research commented, "Since our initiation in July, at $3.06, Abraxas has exceeded our expectations as well as their guidance, a feat often promised but rarely delivered. On September 14th, the Company announced current daily production of 21.5 Mmcfe/day, exceeding their guidance for the year and leaving room for further improvement. Abraxas' execution gives us confidence to increase our production estimates for 2005 and 2006. Since Abraxas' effectively eliminated a substantial portion of their CAPEX-restricting debt load in February of this year, the Company has shown that once the gloves were off, they can execute and build shareholder value in a truly impressive fashion."
Abraxas Petroleum Corporation closed Monday at $6.70 per share.
C. K. Cooper & Company's clients may view this report by visiting: http://www.ckcooper.com.
For more information, please contact:
C. K. Cooper & Company Telephone: (949) 477-9300
18300 Von Karman Avenue, Suite 700 Facsimile: (949) 477-9211
Irvine, California 92612 E-Mail:
[email protected] C. K. Cooper & Company is an investment-banking boutique that specializes in the energy sector with an emphasis on exploration and production companies.
Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from a source we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Because of individual client objectives, this report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
This report is not to be construed as an offer or the solicitation of an offer to buy or sell the securities herein mentioned. From time to time, this firm, its affiliated entities and/or their respective directors, officers, employees or members of their immediate families may have long or short positions in the securities mentioned in this report. These securities may be sold to or purchased from customers or otherwise by this firm, its affiliated entities, and/or its directors, officers, employees or members of their immediate families, as principle or agent.
C. K. Cooper & Company is a member of the National Association of Securities Dealer, CRD number 106578.
SOURCE C. K. Cooper & Company
Here is a natural gas/oil play.........Trading just above the 50 day ma, NAV set at $10.73, C.K Cooper price target of $9.00. Earnings scheduled for March 6th in the a.m.........
Looking for that Summer run again.........
This one has the potential to explode thru $8..............
Nat gas guru expert extrodinaire techinical analyst Bob Hoye writes regularly for www.321energy.com on Natural Gas & oil, here is some interesting analysis on nat gas..........
Long ABP, expecting strong 4th qrtr earnings 1st week of March........
http://321energy.com/editorials/hoye/hoye020306.html
If you liked TXCO you'll love ABP............
It's time to load the boat.............
If you like the energy sector then ABP is where its at. There at the Independent Petroleum Association of America's ("IPAA") Small Cap Oil & Gas Investment Symposium to be held February 7-9, 2006 at The Westin Diplomat Resort in Hollywood, Florida this week.
Alot of speculation surrounding new wells coming on line. They just gave an update on production and the bottom line is that their in the right sector and making money.................worth a "strong" look.
One more thing, ABP is 70% Nat gas/ 30% oil. Please look at Bob Hoyes cyclical Nat gas chart.........it appears that the bottom is in and poised for a strong move UP. Afterall he is the guru right...........LOL
http://321energy.com/editorials/hoye/hoye020306.html
I look forward to taking out last summers high of $9.25.
Market experiencing some needed correction................The good news is, the winners will prevail with cosolidation and true earnings growth.....
So, the buzz is that ABP has hit the motherload in west texas, with recent insider buying, energy sector being really hot, a NAV of $10.73, and CK Cooper price target of $9............well lets just say, if the rumors are true...........see ya at $10.00+
I was in it last summer when it ran to $9.25, I believe it will do it again.
Energy stock..........with Nat GAs bottoming out this week, this might be a play and worth a look...........They have the goods.
Nice move today.......... ;D
Uptrend continues.............
OIL/NAt gas play
Nat gas/Oil play...............These stocks will move going into the summer/Iran turmoil.......
A bounce might be in order here, if anyone is looking for a nice pop.
News..............Next PR's should show production rate.
This is oversold.........
Abraxas Provides Drilling Activity Update
Monday May 22, 11:43 am ET
SAN ANTONIO--(BUSINESS WIRE)--May 22, 2006--Abraxas Petroleum Corporation (AMEX:ABP - News) today provided an operational update on four wells in Texas.
In the Oates SW Field of West Texas, three wells are currently active:
The Hudgins #37-1 was drilled to a total depth of 15,000', including a 1,270' horizontal lateral that penetrated the Devonian formation;
The La Escalera #2 has been successfully cleaned out to 13,300' and perforated in the Atoka formation; and
The La Escalera #5-1 is currently drilling below 6,600' towards an approximate total depth of 12,500' to test the Lower Wolfcamp formation.
The Hudgins #37-1 and the La Escalera #2 are currently in the completion phase and should be placed on production within the next few weeks. The Company plans to start the horizontal lateral on the next Devonian re-entry in the near future and provided the La Escalera #5-1 is successful, an offset location will be drilled immediately.
In South Texas, a rig has moved onto the first of two planned wells and the Simek-Cook #1 is scheduled to spud later this week. This well, located in DeWitt County, will be vertically drilled to test the Wilcox formation at an approximate depth of 8,900'.
Abraxas owns 100% working interest in all four of these wells.
"The Oates SW Field continues to prove itself as a very valuable asset as it provides us the potential for multiple productive formations. We are quite encouraged by the indications received during the drilling of the Devonian and the re-entry of the Atoka wells and look forward to definitive results when these wells are placed on-line in the very near future," commented Bob Watson, Abraxas' President and CEO.
Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploitation and production company with operations in Texas and Wyoming.
The bottom should be in............Anyone looking for a serious Natgas/oil play, must take a look at Abraxis Petroleum.
1) Read the PR's
2) They have 4 wells about to come online
3) They have some of the best acreage in Texas
4) Chart says way oversold (bonus)
News on 4 wells coming online is imminent..........
Nat Gas has bottomed out, hurricane season, IRAN etc.....
1) Read the PR's
2) They have some of the best acreage in Texas
3) Chart says way oversold (bonus)
Nat gas way oversold especially going into WINTER months....................
This is purely a Nat Gas play........
ABP broke through the downstrend line
that ABP broke through the downstrend line was confirmed