Abraxas Common Stock Moving to NASDAQ Under "AXAS"
2008年7月15日 - 1:20AM
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Abraxas Petroleum Corporation (AMEX:ABP) today announced that it
has received approval to list its common stock on the NASDAQ Global
Market under the symbol �AXAS.� Abraxas has notified the American
Stock Exchange (AMEX) of its intention to list on the NASDAQ Global
Market and to delist its common stock from the AMEX. Trading on the
NASDAQ Global Market is expected to commence on July 25, 2008.
Abraxas� common stock will continue to trade on the AMEX until such
date. �We believe that NASDAQ�s electronic multiple market maker
structure will provide us with enhanced visibility and liquidity,
while at the same time providing investors with the best prices,
the fastest execution and the lowest cost per trade. While we are
proud to be a part of The NASDAQ Stock Market, we also want to
thank the AMEX for their support, guidance and service over the
past eight years,� commented Bob Watson, President and CEO. Abraxas
Petroleum Corporation is a San Antonio based crude oil and natural
gas exploration and production company with operations principally
in Texas and Wyoming. Abraxas Petroleum Corporation also owns a 47%
interest in an upstream master limited partnership, Abraxas Energy
Partners, L.P., which entitles Abraxas Petroleum Corporation to
receive its proportionate share of cash distributions made by
Abraxas Energy Partners, L.P. Safe Harbor for forward-looking
statements: Statements in this release looking forward in time
involve known and unknown risks and uncertainties, which may cause
Abraxas� actual results in future periods to be materially
different from any future performance suggested in this release.
Such factors may include, but may not be necessarily limited to,
changes in the prices received by Abraxas for natural gas and crude
oil. In addition, Abraxas� future natural gas and crude oil
production is highly dependent upon Abraxas� level of success in
acquiring or finding additional reserves. Further, Abraxas operates
in an industry sector where the value of securities is highly
volatile and may be influenced by economic and other factors beyond
Abraxas� control. In the context of forward-looking information
provided for in this release, reference is made to the discussion
of risk factors detailed in Abraxas� filings with the Securities
and Exchange Commission during the past 12 months.
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