Brief: Abraxas acquires additional bakken/three forks interest & guidance update
30/04/2015 21:20
April 30 (Reuters) - Abraxas Petroleum Corp AXAS.O : * Announces acquisition of an additional bakken/three forks interest; announces reaffirmation of borrowing base; provides operations and guidance update * Says production for the first quarter of 2015 averaged approximately 6,590 boepd * Says forecasts 2015 capital expenditures to be approximately of $55 million * Finds it prudent to widen and reduce the company's production yearly guidance range" * Says will also delay providing second quarter production volumes * Anticipates the production issues to be largely a first half 2015 event * Sees 2015 total(boepd) 6,500 to 7,000 * Source text for Eikon ID:nBw8WkpHpa * Further company coverage AXAS.O ((Bengaluru Newsroom; +1 646 223 8780))
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