Abraxas Reports Fourth Quarter and Full-Year 2004 Results.

Business WireMarch 23, 2005

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Abraxas Reports Fourth Quarter and Full-Year 2004 Results.

SAN ANTONIO -- Abraxas Petroleum Corporation ("Abraxas") (AMEX:ABP) today reported financial and operating results for the fourth quarter and year-ended December 31, 2004. As a result of the Grey Wolf Exploration Inc. ("Grey Wolf") initial public offering ("IPO") that closed on February 28, 2005, the information herein represents financial and operating results from operations in the U.S. only as all of Grey Wolf's historical performance is treated as a discontinued operation.

Production of 5.8 Bcfe for the year generated revenues of $33.9 million and net income o...

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