Abraxas Petroleum Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards

Abraxas Petroleum Corporation (Abraxas or the Company) (NASDAQ: AXAS) today announced that on Wednesday, July 1, it received notice from The NASDAQ Stock Market LLC ("NASDAQ") that the Company is not presently in compliance with the NASDAQ continued listing rules since the Company has not yet filed its Form 10-Q for the period ended March 31, 2020.