Abraxas Petroleum Corp (AMEX:ABP) to Release Q1 2008 Earnings May 12

Abraxas Petroleum Corp (AMEX:ABP) will release the first quarter earnings for 2008 on Monday, May 12.  A conference call will be held on the following day on May 13 at 2:00 pm to discuss the financial results.  Interested parties may listen to the call via webcast at abraxaspetroleum.com/investorrelations/irframeset.htm.

Abraxas Petroleum Corporation (Abraxas) is an independent energy company primarily engaged in the development and production of natural gas and crude oil. The Company's core areas of operation are in south and west Texas, and east central Wyoming.

At December 31, 2006, Abraxas owned interests in 101,815 gross acres (87,554 net acres) applicable to its continuing operations, and operated properties, affording the Company substantial control over the timing and incurrence of operating and capital expenditures. At December 31, 2006, estimated total proved reserves were 98.8 billion of cubic feet of natural gas equivalents (Bcfe). During 2006, Abraxas participated in the drilling of five gross (4.2 net) wells with four gross (3.2 net) wells being successful.

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