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): February 22, 2000
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 February 22, 2000, the text of which follows:
Denver, Colorado -- Mallon Resources Corporation (Nasdaq: "MLRC")
today reported that since its mid-September 1999 financing, it has drilled 26
wells and recompleted 4 wells at its East Blanco natural gas field in
northwest New Mexico. Twenty of the wells are currently on production, 8
wells await completion or connection to production lines, and 1 new well and 1
recompletion were determined non-commercial. The aggregate average daily
production from the 20 wells that are on production is currently approximately
8,000 mcf per day.
Each of the wells is completed in one or more of the Ojo Alamo, San Jose,
Nacimiento and Pictured Cliffs Formations. Six of the new wells and 1 of the
recompletions are located on the Company's La Jara Canyon acreage block, which
extends the original East Blanco Field. Of the 30 wells and recompletions
reported above, 6 were drilled or recompleted in 2000. The Company plans to
drill or recomplete another 45 wells during 2000, to bring its total for the
year to 51.
The foregoing information contains forward-looking statements and
forecasts, the realization of which cannot be assured. Actual results may
differ significantly from those forecast. Inaccurate geologic and engineering
interpretations, the volatility of commodity prices, unbudgeted cost
increases, unforeseen delays in operations, and operations that prove less
successful than anticipated are risks that can significantly effect Mallon's
operations. These and other risk factors that affect Mallon's business are
discussed in Mallon's Annual Report.
Mallon Resources Corporation is a Denver 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 Nasdaq 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
February 24, 2000 By: _ /s/ Roy K. Ross____________________
Roy K. Ross, Executive Vice President
