Abraxas Gets Go Ahead for NASDAQ Stock Listing

Abraxas Petroleum Corporation has received approval to list its common stock on the NASDAQ Global Market under the symbol "AXAS."

Abraxas has notified the American Stock Exchange (AMEX) of its intention to list on the NASDAQ Global Market and to delist its common stock from the AMEX. Trading on the NASDAQ Global Market is expected to commence on July 25, 2008. Abraxas’ common stock will continue to trade on the AMEX until such date.

"We believe that NASDAQ’s electronic multiple market maker structure will provide us with enhanced visibility and liquidity, while at the same time providing investors with the best prices, the fastest execution and the lowest cost per trade. While we are proud to be a part of The NASDAQ Stock Market, we also want to thank the AMEX for their support, guidance and service over the past eight years," commented Bob Watson, President and CEO.