SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act
of 1934
Date of Report (date of earliest event reported): August 16, 1996
Mallon Resources Corporation
(exact name of registrant as specified in its charter)
Colorado 0-17267 84-1095959
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
999 18th Street, Suite 1700, Denver, Colorado 80202
(address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (303) 293-2333
not applicable
(former name or former address, if changed since last report)
Item 5. Other Events
On August 15, 1996, Mallon Resources Corporation (the "Company")
issued a press release, the text of which was as follows:
Mallon Oil Company, a unit of Mallon Resources Corporation (Nasdaq:
"MLRC"), announced a second quarter 1996 net loss after payment of
preferred dividends of $616,000 ($0.08 per share) on revenues of
$1,530,000. Comparable amounts for the second quarter 1995 were a net
loss of $352,000 ($0.05 per share) on revenues of $1,660,000. The
Company also reported a net loss after payment of preferred dividends
for the six months ended June 30, 1996 of $1,271,000 ($.16 per share)
on revenues of $2,941,000. The comparable amounts for the first six
months of 1995 were a net loss after payment of preferred dividends of
$1,006,000 ($0.13 per share) on revenues of $2,828,000.
Oil and gas sales decreased by $66,000 from the second quarter of 1995
due primarily to decreased oil production and a lower oil price in
1996. The oil decrease was offset by increased gas production and gas
prices. Primarily contributing to the increased 1996 second quarter
loss over the 1995 second quarter loss were increased mine operating
and administration expenses due to the increased activities of Laguna
Gold Company. Interest expense was also higher in 1996 due to higher
outstanding loan balances.
Mallon's oil and gas operations, located primarily in the western
United States, are conducted by its wholly-owned subsidiary, Mallon
Oil Company. Mallon is headquartered in Denver, Colorado. The
Company's common stock is listed on the Nasdaq's National Market
System under the trading symbol "MLRC."
SIGNATURES
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.
Mallon Resources Corporation
August 16, 1996 /s/ Roy Ross
_____________________________________
Roy K. Ross, Executive Vice President
