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Annual Report
& Proxy Statement
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Legal Disclaimer

Forward-Looking Statements and Risk Factors 
The information presented herein may contain predictions, estimates and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those included in the forward looking statements include the timing and extent of changes in commodity prices for oil and gas, the need to develop and replace reserves, environmental risks, competition, government regulation and the ability of the Company to meet its stated business goals.
Legal Notice - Conditions of use of the Abraxas Petroleum Corporation website. 
Abraxas has made all reasonable efforts to ensure that the information provided through Abraxas' website is accurate at the time of inclusion.  However, inadvertent and occasional errors may occur which Abraxas will attempt to correct promptly after discovery. 

The operations, businesses and properties described in this publication as being owned and operated by Abraxas are owned and operated by Abraxas Petroleum Corporation or by various affiliates and subsidiaries of Abraxas Petroleum Corporation. The terms "Abraxas," "company," "we," "our," and " its" when referring to these entities are used only for convenience and are not intended to be an accurate description of ownership, operation or corporate/legal relationships. Abraxas makes no representations or warranties regarding the accuracy or completeness of the information provided through this website, including any hypertext links or any other items used either directly or indirectly from Abraxas' website.  Abraxas reserves the right to make changes and corrections at any time, without notice.  Any decisions based on information contained in Abraxas' website are the sole responsibility of the visitor.  Abraxas will not be liable for any inaccuracies or omissions in Abraxas' website.  Abraxas will not be liable for any direct, special, indirect, or consequential damages, or any other damages resulting from whatever cause through the use of any information obtained either directly or indirectly from Abraxas' website.  No information contained in Abraxas' website constitutes or shall be deemed to constitute an invitation to invest or otherwise deal in any Abraxas securities. Any visitor to the Abraxas website who provides information to Abraxas agrees that Abraxas has unlimited rights to such information as provided, and that Abraxas may use such information in any way Abraxas chooses. Such information as provided by the visitor shall be non-confidential. Abraxas retains all copyrights and all other intellectual property rights to the information provided by Abraxas through this website.  Subject to the following conditions, we invite you to use and distribute copies of these documents. 

Please restrict duplication to informational purposes only, as these documents may not be sold or redistributed for commercial gain.
This copyright notice: © Abraxas Petroleum Corporation 2006,  All Rights Reserved must appear on every copy of the documents or any portion thereof.
Corporate names and logos may not be altered or used in advertising or publicity releases without specific, prior written permission.
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