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): January 15, 1998
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
Mallon Resources Corporation (the "Company") issued the following
press release, dated January 15, 1998, the text of which follows:
Denver, Colorado -- Mallon Resources Corporation (Nasdaq:
"MLRC") reported that Peter H. Blum has joined the Company's Board
of Directors. Mr. Blum has over 17 years of experience in the
energy industry, and is currently Senior Managing Director and
Head of Investment Banking at Gaines, Berland Inc. From 1990
through 1996, he was a Managing Director and led the Energy and
Merger & Acquisitions Groups at Rodman & Renshaw, Inc. and Mabon
Securities Corp. Mr. Blum has also been a partner at McLean
Equities, Ltd. and Houghton & Company, Inc. Mr. Blum, age 40,
earned his undergraduate degree in accounting at the University of
Wisconsin, Madison.
George O. Mallon, Jr., Chairman of Mallon Resources
Corporation, said, "We are extremely pleased to welcome Peter to
our Board. He has been an important supporter of the Company in
the past, and we are confident that his broad knowledge and
experience in the oil and gas industry will prove valuable to the
Company in the future."
Mr. Blum's appointment increases the size of the Company's
Board to seven members. Directors who are also employed by the
Company are Mr. Mallon, Kevin M. Fitzgerald, and Roy K. Ross. The
non-management members of the Board are Mr. Blum, Frank Douglass
of Dallas, Francis J. Reinhardt, Jr. of New York City, and Roger
R. Mitchell of Holly Springs, North Carolina.
Mallon Resources Corporation is a Denver, Colorado, based oil
and gas exploration and production company operating primarily in
the San Juan and Delaware Basins of New Mexico. Mallon's Common
Stock is quoted on the Nasdaq National Market tier of the Nasdaq
Stock Market under the 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
January 19, 1998 _/s/ Roy K. Ross______________________
Roy K. Ross, Executive Vice President
