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Abraxas Petroleum Corporation Announces First Quarter 2001 Financial Results Conference Call.


Business Editors & Energy Writers

SAN ANTONIO--(BUSINESS WIRE)--May 7, 2001

Abraxas A`brax´as

n. 1. A mystical word used as a charm and engraved on gems among the ancients; also, a gem stone thus engraved.
 Petroleum Corporation (AMEX AMEX

See: American Stock Exchange
:ABP 1. (networking) ABP - Alternating bit protocol.
2. ABP - Microsoft Address Book Provider.
) will announce their first quarter 2001 results Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
, May 11, 2001.

The conference call is scheduled for Monday Monday: see week. , May 14, 2001, 10:30 a.m. CT. Robert L. G. Watson, President and Chief Executive Officer of Abraxas, will lead the call and discuss the first quarter 2001 financial results as well as current operational activity. A question and answer session will follow the presentation.

Please call the toll free number listed below ten minutes before the appointed time to participate in this conference call:

                            1-800-289-0437
                     Confirmation Code No. 678763

                            RECALL PROGRAM

    If you miss the conference call Monday, please use our Recall
    Service. Details are:

         Conference recall is available beginning at 12:30 p.m. CT on
         Monday, May 14.
         Recall service ends 5:00 p.m. CT on Monday, May 21.
         The recall number is 1-888-203-1112; confirmation code
         is 678763.

    A transcript of the call will be posted on the Web site as soon as
    available.


Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploitation and production company that also processes natural gas. The Company operates in Texas, Wyoming and western Canada
This article is about the region in Canada. For the school in Calgary, see Western Canada High School.


Western Canada, commonly referred to as the West
. For additional information about the Company, please visit our Web site, www.abraxaspetroleum.com, for the most current and updated information. The Web site is updated daily in order to comply with the SEC Regulation FD (Fair Disclosure).

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 for forward-looking statement forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause the Company's 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 the Company for crude oil and natural gas. In addition, the Company's future crude oil and natural gas production is highly dependent upon the Company's level of success in acquiring or finding additional reserves. Further, the Company operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond the Company's control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in the Company's filing with the Securities and Exchange Commission during the past 12 months.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U7TX
Date:May 7, 2001
Words:399
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