Abraxas Provides Operational Results on Exploratory Wilcox Well

Abraxas Petroleum Corporation today provided operational results on the Gisler #1, an exploratory well targeting the Wilcox formation, located in Karnes County of South Texas.

The Gisler #1 was drilled vertically to a total depth of approximately 13,000′, completed without stimulation and placed on-line approximately two weeks ago. This well is currently producing at a gross rate of approximately 2.9 MMcf of gas and 55 Bbl of condensate per day, or 3.2 MMcfepd. This well may be fracture stimulated in the future. Abraxas Petroleum owns a 63% working interest in this well.

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