Abraxas Petroleum Corporation provide the following operational and divestiture update and announce an upcoming presentation.

Eagle Ford

As previously announced, at Abraxas' Jourdanton prospect in Atascosa County, Texas, the Blue Eyes 1H averaged 527 boepd (494 barrels of oil per day, 194 mcf of natural gas per day) (1) over the well's highest 30 full days of production.

Over the Blue Eye's first sixty and ninety days of production, the well averaged 466 boepd (439 barrels of oil per day, 164 mcf of natural gas per day) (1) and 460 boepd (432 barrels of oil per day, 168 mcf of natural gas per day), respectively (1).

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