Printer Friendly

BOGO ENERGY DEFERS INITIAL PUBLIC OFFERING DUE TO MARKET CONDITIONS FOR OIL AND GAS STOCKS

 OKLAHOMA CITY, Dec. 10 /PRNewswire/ -- Bogo Energy Corp. announced today it will defer its initial public offering until market conditions for oil and gas stocks improve. According to Richard D. Bogert, president and chief executive officer, "Investors of oil and gas stocks are generally concerned about the current prices of oil. Although the majority of our reserve base consists of natural gas, investors are looking for a stabilization of the oil market before investing in the energy sector.
 "The deferred offering will not affect the current operations of Bogo. We anticipate that the oil market will stabilize in the near future and the company will continue its development and exploitation projects without interruption." said Bogert.
 Bogo Energy is an independent oil and gas company based in Oklahoma City, with operations primarily in northwest Oklahoma.
 -0- 12/10/93
 /CONTACT: Stephen E. Merrill of Bogo Energy, 405-840-1067/


CO: Bogo Energy Corp. ST: Oklahoma IN: OIL SU: OFR

MC -- DV005 -- 2739 12/10/93 15:46 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 10, 1993
Words:165
Previous Article:CHAMPS DECLARES FOURTH QUARTER DIVIDEND OF 84 CENTS PER SHARE; MORTGAGE PREPAYMENTS RESULT IN REVISED ESTIMATE OF LIQUIDATION VALUE
Next Article:ADVANCED GAMING TECHNOLOGY INC. ANNOUNCES ACQUISITION
Topics:

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