Brief: Abraxas comments on recent market conditions; reiterates 2015 production guidance
23/07/2015 16:20
July 23 (Reuters) - Abraxas Petroleum Corp AXAS.O : * Comments on recent market conditions * Reiterates that in outer years, it currently forecasts it can hold production at over 7,000 boepd running a one rig bakken program * Says Abraxas is unaware of any fundamental reason for the company's recent stock price underperformance * Says also reiterates the company's 2015 production guidance of 6,500-7,000 boepd * Says notes that the company exited June 30, 2015 $108 million borrowed on the company's $165 million borrowing base * "Company remains comfortable this strong financial positioning should continue through 2015" * Source text for Eikon ID:nBw8VyC2ha * Further company coverage AXAS.O ((Bengaluru Newsroom; +1 646 223 8780))
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