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): July 15, 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 July 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"), reported that its Mallon '34' Federal No. 11 well in
Northeast Lea Field in Lea County, New Mexico, was completed as an oil
well in three Cherry Canyon zones of the Delaware Formation. The
well's initial daily production rate was 192 barrels of oil, 88 mcf of
gas, and 68 barrels of water. After 20 days of production, the well's
current daily production rate is approximately 145 barrels of oil, 90
mcf of gas, and 25 barrels of water. The Cherry Canyon zones in which
the well is completed are at depths between approximately 5780 feet
and 5950 feet.
Mallon operates the well, with a 60% working interest.
Kevin Fitzgerald, Mallon Oil's president, said, "This well identifies
a northwest extension of the Cherry Canyon pool. These sands will
offer additional targets for our future drilling, as we move north
into Section 27."
Mallon Resources Corporation's oil and gas operations, located
primarily in the western United States, are conducted by its wholly-
owned subsidiary, Mallon Oil Company. Mallon's mining activities are
conducted by Laguna Gold Company. Mallon is headquartered in Denver,
Colorado. The Company's common stock is listed on the Nasdaq, 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
July 18, 1996 __/s/ Roy K. Ross________________
Roy K. Ross, Executive Vice President
