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News Breaks | | | | January 28, 2013 | | 16:08 EDT |  | AXAS | Abraxas Petroleum applies $22M in asset Q4 sales to revolver pay down
As previously announced, the approximately $22mm in asset sale proceeds in the fourth quarter were applied directly to paying down the Company’s revolver. At December 31, 2012 the company had $113 million drawn on its $150 million credit facility and approximately $575,000 in cash providing approximately $38 million in liquidity. | |
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