Abraxas makes interest payment

New York, May 24 - Abraxas Petroleum Corp. said it made the $11 million interest payment on its $191 million principal amount of 11.5% senior secured notes due 2004.

The San Antonio, Texas oil and gas exploration and production company made the payment on Friday.

The payment was originally due May 1.

Abraxas said on May 1 it was using the 30-day grace period because of "a short-term timing issue caused by events beyond our control."

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