Abraxas Petroleum (AXAS) +2.7% premarket after issuing upbeat results in an operational update....

|About: Abraxas Petroleum Corporation (AXAS)|By:, SA News Editor

Abraxas Petroleum (AXAS) +2.7% premarket after issuing upbeat results in an operational update. In the Eagle Ford shale, the Cobra B 1H averaged 592 boe/day (95% oil) on a restricted choke over its first 30 days of production, and the Mustang 1H is currently flowing to sales at rates above the company's in-house type curve.