Abraxas Petroleum Corp.

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Abraxas Petroleum Corp. (NASDAQ: AXAS) is divesting its Canadian subsidiary, which has oil and natural gas operations in western Canada.

Canadian Abraxas Petroleum ULC, the subsidiary of San Antonio-based Abraxas, has properties located in the Trochu, Swalwell/Twining and Tomahawk areas of central Alberta. Sayer Energy Advisors has been engaged to assist with the sale.

Bids are due by noon on Oct. 2. For information contact, Alan Tambosso, Sayer president, at atambosso@sayeradvisors.com or 403-266-6133.