Bayshore Energy TX LLC signed definitive agreement to acquire remaining South Texas assets from Abraxas Petroleum Corporation (NasdaqCM:AXAS) on September 30, 2019. In a related transaction, an unknown buyer signed definitive agreement to acquire non-operated acreage position in Reeves County, West Texas from Abraxas Petroleum Corporation (NasdaqCM:AXAS) on September 30, 2019. The combined deal value for both the transactions is $7.9 million. The proceeds were used to pay down borrowings under our reserve based loan (RBL). The transaction is subject to certain due diligence and closing conditions and is intended to close within the next 45 days.