Abraxas Petroleum raises Q3 production guidance

• Abraxas Petroleum (OTC:AXAS) +1.2% AH after raising Q3 production guidance to 6.9K-7K boe/day from 6.5K-6.7K boe/day, and lowers expected operating costs to $12-$13/boe from $13-$14/boe.
• AXAS says three wells at its North Fork prospect in North Dakota have been on production an average of 27 days, producing 1,269 boe/day per well during the period.