By: Benzinga
Abraxas Announces Signing of Nordheim Definitive Agreement, Provides Financial Update
Abraxas Petroleum Corporation (NASDAQ: AXAS ) is pleased to provide the following divestiture and financial update. Nordheim Definitive Agreement Abraxas today signed an agreement to sell the Company's 25% working interest at the Nordheim Project in the Eagle Ford shale to a large institutional buyer for proceeds of $19.1mm.
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