Brief: Abraxas announces spudding of first well targeting the Austin Chalk at Jourdanton
21/06/2016 21:15
June 21 (Reuters) - Abraxas Petroleum Corp AXAS.O :
* Abraxas is adjusting company's 2016 capital expenditure
guidance to $30-$40 million
* Production guidance remains 6,000-6,400 BOEPD for 2016
* Abraxas announces spudding of first well targeting the
Austin Chalk at Jourdanton; updates status of potential joint
venture and provides capital expenditure update; announces
departure of vice president of exploration
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