ABP

[Holygrale]

Energy stock..........with Nat GAs bottoming out this week, this might be a play and worth a look...........They have the goods.

[Holygrale]

Nice move today..........

[Holygrale]

Uptrend continues.............

OIL/NAt gas play

[Holygrale]

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.

[Holygrale]

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.

[Holygrale]

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)

[Holygrale]

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)

[Holygrale]

Nat gas way oversold especially going into WINTER months....................

[Holygrale]

This is purely a Nat Gas play........

[sucrose]

ABP broke through the downstrend line

[sucrose]

that ABP broke through the downstrend line was confirmed