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ALTA ENERGY CORPORATION MOVES UP TO THE AMERICAN STOCK EXCHANGE PRIMARY LIST; COMPANY PREVIOUSLY TRADED ON THE EMERGING COMPANY MARKETPLACE

 NEW YORK, Feb. 1 /PRNewswire/ -- The American Stock Exchange today announced that the common stock of Alta Energy Corporation of Midland, Texas has been approved for trading on the Exchange's primary list. Trading under ticker symbol "ALE", the stock opened at 9:30 a.m. Eastern Standard Time at 9. Spear, Leeds & Kellogg will continue as the company's specialist firm. Alta Energy is the sixth company to move from the Emerging Company Marketplace to the AMEX Primary List.
 Commenting on the graduation, as well as shareholder approval of a one-for-six reverse common stock split effective Jan. 29, 1993, John R. Fitzgerald, chairman, president & chief executive officer said, "We're quite pleased to be moving up to the AMEX Primary List from the Emerging Company Marketplace. Because of the opportunity for increased visibility, our decision to move to the AMEX Emerging Company Marketplace in March of 1992 was a step in the right direction for Alta and its shareholders. This next step to the AMEX Primary List represents access to a market for Alta's stock commensurate with its asset growth."
 James R. Jones, chairman and chief executive officer of the American Stock Exchange, said, "We're very proud that Alta Energy has moved up from the Emerging Company Marketplace to the AMEX Primary List." He added, "We believe that like Alta, more and more companies in their growth stages will recognize the value of the auction market, which provides the trading environment and services they so critically need."
 Alta Energy Corporation is engaged in the acquisition and production of oil and gas. The company's activities are conducted primarily in New Mexico, Oklahoma, Texas, Utah, Wyoming and offshore Louisiana and Texas.
 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- 2/1/93
 /CONTACT: Melissa Grand, manager, Equities Communications, 212-306-2028, for Amex/
 (ALE)


CO: Alta Energy Corporation ST: Texas IN: OIL SU:

LR -- NY072 -- 1375 02/01/93 12:24 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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