Printer Friendly

THE PHOENIX RESOURCE COMPANIES BEGIN TRADING ON THE AMERICAN STOCK EXCHANGE

 THE PHOENIX RESOURCE COMPANIES BEGIN TRADING
 ON THE AMERICAN STOCK EXCHANGE
 NEW YORK, Oct. 22 /PRNewswire/ -- The Phoenix Resource Companies, Inc., of Oklahoma City, today joined the growing number of energy-based companies listed on the American Stock Exchange. Trading under ticker symbol "PHN", the company's common stock opened at 11:30 a.m. (EDT) at 27-3/4 on 300 shares. The stock, which previously traded Over The Counter on the NASDAQ system, will continue trading on the Pacific Stock Exchange.
 The Phoenix Resource Companies, Inc., is an independent oil and gas exploration and production company whose operations include exploration, development and operation of crude oil and natural gas properties. Most production and exploration activities, as well as the company's principal assets, are located in the Arab Republic of Egypt.
 "We are excited for our company's listing on the American Stock Exchange. Trading in the Amex auction market, where thousands of public orders directly meet each other at the specialist posts, will provide our investors greater liquidity, lower transaction costs and a more efficient environment in which to invest," said George Lawrence, President of The Phoenix Resource Companies. The company has selected AGS Specialist Partners as its specialist firm.
 For the six months ended June 30, 1992, The Phoenix Resource Companies realized a net income gain of $8,306,000, up from a $2,096,000 loss for the same period a year earlier.
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 10/22/92
 /CONTACT: Paul Nobile, manager-equities communications of Phoenix Resource Companies, Inc., 212-306-2028/
 (PHN) CO: Phoenix Resource Companies, Inc. ST: Oklahoma IN: OIL SU:


TS -- NY100 -- 3612 10/22/92 12:38 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 22, 1992
Words:314
Previous Article:R.R. DONNELLEY PLANS TO ADOPT SFAS 109 AND 106 IN FIRST QUARTER, 1993
Next Article:RISLEY ELECTED CHIEF FINANCIAL OFFICER FOR TRINOVA CORPORATION
Topics:


Related Articles
SHARES OF THE PHOENIX RESOURCE COMPANIES, INC. TO TRADE IN NASDAQ NATIONAL MARKET
THE PHOENIX RESOURCE COMPANIES ANNOUNCE 1-FOR-10 REVERSE STOCK SPLIT
THOR ENERGY RESOURCES, INC. ANNOUNCES HALT OF AMEX TRADING; DELISTING POSSIBLE
THE EMERGING COMPANY MARKETPLACE AT THE AMERICAN STOCK EXCHANGE BEGINS TRADING CEC RESOURCES LTD.
CEC RESOURCES GRADUATES TO THE AMEX PRIMARY LIST; COMPANY PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE
AMEX TO LIST OPTIONS ON THE PHOENIX RESOURCE COMPANIES, INC.
XAVIER FILES FORM S-4 REGISTRATION STATEMENT WITH SEC
AMEX to Trade Two New Options Tomorrow
Amex to Trade Options on Pioneer Natural Resources
Midland Resources Joins American Exchange

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters