Bob Watson now talking shareholder value....has he got the message?
Bob Watson, President and CEO of Abraxas, commented, “In numerous presentations over the last several months we spoke of an anticipated step change in production. As we head into the third quarter of 2013 we are poised to realize that production growth via our four new Bakken wells and upcoming Eagle Ford completions. Operationally, the Eagle Ford continues to perform exceptionally well and we look forward to announcing results from our upcoming 40 acre pilot on the Camaro B 3H and Camaro B 4H. In the Bakken, our Lillibridge completions are running remarkably smoothly and our rig is working efficiently. With a right sized balance sheet and a focused high rate of return drilling schedule, Abraxas remains poised to deliver exceptional shareholder value.”