Abraxas Petroleum (AXAS) Recommences Strategic Alternatives Review

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Abraxas Recommences Strategic Alternatives Review

August 17, 2020 4:05 PM EDT

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (Abraxas or the Company) (NASDAQ: AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC (Petrie).

Petrie has been a great partner for Abraxas in the past, said Bob Watson, Abraxas CEO. Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine ways to... More