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ALAMCO, INC. OVER-ALLOTMENT OPTION EXERCISED

 CLARKSBURG, W.Va., Aug. 18 /PRNewswire/ -- Alamco, Inc. (AMEX: AXO) announced today that the underwriters, in connection with its registered public offering and sale of common stock, have exercised in full their option to purchase an additional 405,000 shares of its common stock at a price of $5.50 per share, it was announced today.
 Of such shares which are being sold to cover over-allotments, 71,404 shares will be sold by Alamco, Inc. and 333,596 shares will be sold by PNC Bank, National Association (NYSE: PNC). The Principal/Eppler, Guerin & Turner, Inc. of Dallas is the managing underwriter.
 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- 8/18/93
 /CONTACT: Jane Merandi of Alamco, 800-873-2526/
 (AXO PNC)


CO: Alamco, Inc.; PNC Bank, National Association; The Principal/Eppler,
 Guerin & Turner, Inc. ST: West Virginia IN: OIL SU:


KC-DB -- PG015 -- 4113 08/18/93 18:06 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:181
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