Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 27, 2019, Abraxas Petroleum Corporation (the "Company") was notified in writing by NASDAQ Stock Market LLC ("NASDAQ") that the average closing price of the Company's common stock, $0.01 par value per share (the "Common Stock"), over a prior 30 consecutive trading day period was below $1.00 per share, which is the minimum average bid price per share required to maintain listing on the NASDAQ under Section 5550(a)(2) of the NASDAQ listing rules. The Company was provided 180 calendar days, or until February 24, 2020, to regain compliance.

On February 25, 2020, the Company was notified that it was eligible for an additional 180 calendar day period, or until August 24, 2020, to regain compliance. If at any time during this additional time period the average closing price of Abraxas common stock is at least $1.00 per share for a minimum of 10 consecutive business days, a written confirmation of compliance will be provided, and the matter will be closed.

Item 7.01 Regulation FD Disclosure

On February 25, 2020, the Company issued a press release with respect to the receipt of the notice of extension of time to regain compliance from NASDAQ. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The information in this Report (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of the Section. The information in this Report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01 Financial Statements and Exhibits.





(d)   Exhibits.



           99.1   Press release, dated February 25, 2020, issued by Abraxas
                Petroleum Corporation
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ABRAXAS PETROLEUM CORPORATION



By: /s/ Steven P. Harris

Steven P. Harris

Vice President, Chief Financial Officer

Dated: February 25, 2020

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