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ALAMCO, INC., ANNOUNCES ELECTION OF DIRECTORS

 ALAMCO, INC., ANNOUNCES ELECTION OF DIRECTORS
 CLARKSBURG, W.Va., May 8 /PRNewswire/ -- Alamco, Inc. (AMEX: AXO)


today announced that James B. Gehr, 61, and Robert S. Maust, 54, were elected at its annual meeting today to serve three-year terms as directors of the company.
 At the annual meeting, stockholders approved an increase in the number of authorized shares of common stock from 5 million to 7.5 million shares and a decrease in the number of authorized shares of preferred stock from 10 million to 1 million shares. The stockholders also gave approval for the Alamco, Inc., 1992 Employees Stock Option Plan and the Alamco, Inc., 1992 Equity Compensation Plan for Outside Directors.
 Alamco, headquartered in Clarksburg, is an independent producer of gas and oil in the Appalachian Basin with a major operating concentration in West Virginia gas fields. The company's stock is traded on the American Stock Exchange under the symbol AXO.
 -0- 5/8/92
 /CONTACT: Jane Merandi of Alamco, 304-623-6671/
 (AXO) CO: Alamco, Inc. ST: West Virginia IN: OIL SU: PER


DM-MK -- PG008 -- 8190 05/08/92 15:32 EDT
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Publication:PR Newswire
Date:May 8, 1992
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