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HONDO ANNOUNCES NEW CHIEF EXECUTIVE OFFICER

 ROSWELL, N.M., Nov. 16 /PRNewswire/ -- Hondo Oil & Gas Co. (AMEX: HOG) announced today that John J. Hoey was elected president and chief executive officer of the company effective Nov. 30, 1993.
 Robert O. Anderson, chairman, stated that "I am pleased that Mr. Hoey has accepted this position and have complete confidence in his ability to pursue the company's goals. This is a transition that I have looked forward to for some time." Anderson will remain as chairman of the company.
 Hoey is the former president of Atlantic Refining and Marketing Co. of Philadelphia and has served as a director of Hondo since June of this year. He also worked in the U.S. State Department and in the banking industry. He is currently a resident of Villanova, Pa.
 -0- 11/16/93
 /CONTACT: C.B. McDaniel, 505-625-8700/
 (HOG)


CO: Hondo Oil & Gas Co. ST: New Mexico IN: OIL SU: PER

LS-JB -- LA002 -- 4868 11/16/93 08:04 EST
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Publication:PR Newswire
Date:Nov 16, 1993
Words:160
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