Brief: Abraxas Petroleum Q1 loss per share $0.39

Abraxas Petroleum

10/05/2016 22:15

May 10 (Reuters) - Abraxas Petroleum Corp Says  Maintains 
Its Stated Production Guidance Of 5,800  AXAS.O  
    * After applying additional free cash flow to paying down 
borrowings currently have $123.0 million outstanding on 
revolving line of credit 
    * Abraxas petroleum corp says  signed a proposal and expect 
to close on sale of some overriding royalty interests for $2.8 
million in coming week 
    * Says maintains its stated production guidance of 
5,800-6,300 boepd for year 
    * Abraxas petroleum corp says  post close expect to reduce 
borrowings further to approximately $120.0 million 
    * 15% drop in production from q1 to q2 of 2016 
    * 6,300 boepd for year 
    * Abraxas announces first quarter 2016 results 
    * Q1 adjusted non-gaap loss per share $0.01 excluding items 
    * Q1 loss per share $0.39 
    * Q1 revenue $15.3 million versus i/b/e/s view $13.9 million 
    * Q1 earnings per share view $-0.02 -- Thomson Reuters 
I/B/E/S 
 
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