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ALAMCO, INC. ANNOUNCES THE PUBLIC OFFERING OF 2,700,000 SHARES OF COMMON STOCK

 DALLAS, July 22 /PRNewswire/ -- Alamco, Inc. (AMEX: AXO) announced today it has commenced the public offering of 2,700,000 shares of common stock, 2,000,000 of which are being sold by the company and 700,000 shares being sold by selling shareholders, at a price of $5.50 per share. The closing price of the stock on the American Stock Exchange was $6-1/8 on July 21. The offering is being managed by The Principal/Eppler, Guerin & Turner, Inc. as the representative of the participating underwriters.
 Alamco is one of the larger publicly owned, Appalachian-based independent gas and oil producers and is actively engaged in the acquisition, exploitation, exploration, development and production of domestic gas and oil in northern and central West Virginia and to a lesser extent in Tennessee.
 These securities are offered only by means of a written prospectus and this announcement is neither an offer to sell nor a solicitation of an offer to buy. A written prospectus may be obtained by contacting The Principal/Eppler, Guerin & Turner, Inc., The Fountain Place, 1445 Ross Avenue, Suite 2200, Dallas, Texas 75202, Attention: Syndicate Department.
 -0- 7/22/93
 /CONTACT: Bonnie Studebaker, senior vice president-Syndicate, The Principal/Eppler, Guerin & Turner, Inc., 214-880-9000/
 (AXO)


CO: Alamco, Inc. ST: Texas, West Virginia IN: OIL SU: OFR

CK -- NY065 -- 4593 07/22/93 13:25 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:226
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