PEASE OIL AND GAS COMPANY
751 Horizon Court
Grand Junction, Colorado
81506-8758
NOTICE TO STOCKHOLDERS
You have previously received
proxy materials for the 1996 Annual
Meeting of Stockholders of Pease
Oil and Gas Company. Your vote is
important. If you have not done so,
please mark and return your proxy
as instructed in the materials.
Also, please note the
following correction to the
biography of Jack A. Alexander, a
nominee for preferred stock
director. Mr. Alexander served as
senior vice president, and never as
a director, of Paulson Investment
Company and Argent Securities,
respectively.
If you need additional
materials to vote or to change your
vote, please contact Patrick J.
Duncan, Corporate Secretary, at
(970) 245-5917 or American
Securities Transfer & Trust Inc. at
(303) 234-5300.
