Abraxas Provides Operational Update in Eagle Ford

Abraxas Petroleum Corporation is pleased to provide the following operational update.


Eagle Ford Shale
In McMullen County, the Cobra B 1H averaged 592 boepd (95% oil) on a restricted choke over its first 30 days of production. The Mustang 1H was successfully completed with a 19 stage completion in mid-December and is currently flowing to sales at rates above the Company's in-house type curve. The Corvette C 1H reached TD at 15,049 feet in under 8 drilling days and is scheduled to be completed in mid-January. Abraxas recently spudded the Gran Torino A 1H and is currently drilling the curve at 9,600 feet. Abraxas owns a 25% working interest in the Cobra B 1H and Corvette C 1H and an 18.75% working interest in the Mustang 1H and Gran Torino A 1H.