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NAHAMA & WEAGANT ENERGY ANNOUNCES THE DISCOVERY OF NEW GAS FIELD

 NAHAMA & WEAGANT ENERGY ANNOUNCES THE DISCOVERY OF NEW GAS FIELD
 BAKERSFIELD, Calif., Feb. 13 /PRNewswire/ -- Nahama & Weagant Energy Company (NASDAQ: NAWE) announced a new gas field discovery north of the Walnut Grove, Thornton Gas field in the Sacramento Valley of California. The Nahama & Weagant McCormick No. 1-24, located in Section 21, T5N-R4E tested at a rate of 2.176 MCFD at 2,180 pounds of flowing tubing pressure on a 12/64-inch choke. The company has initiated a seismic survey to evaluate the development potentials of the new discovery. The company's working and revenue interests are 41.25 percent and 30.9375 percent, respectively.
 Based in Bakersfield, Calif., the company is primarily engaged in exploring for, developing, producing and selling natural gas and, to a lesser extent, crude oil. The company conducts its principal activities in the Sacramento Valley in Northern California, the San Joaquin Valley in Central California and the Mist Gas Field in Northwestern Oregon.
 -0- 2/13/92
 /CONTACT: Denis Fitzpatrick of Nahama & Weagant Energy, 805-323-9075, or Sam Witchel of Scharff, Witchel & Co., 212-983-1060, for Nahama & Weagant Energy/
 (NAWE) CO: Nahama & Weagant Energy Company ST: California IN: OIL SU: DSC


SH-OS -- NY087 -- 9890 02/13/92 15:50 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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