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FRONTIER NATURAL GAS ANNOUNCES PUBLIC OFFERING OF EQUITY SECURITIES

 OKLAHOMA CITY, Nov. 12 /PRNewswire/ -- Frontier Natural Gas Corp. (NASDAQ Small-Cap Market: FNGC) today announced that a public offering of its equity securities was effective at 8:30 a.m. CST today. The offering was comprised of 350,000 Units each of which include two shares of the company's convertible preferred stock, one share of common stock and one common stock purchase warrant. The price to the public was $24.10 per Unit for a total offering of $8,435,000. The lead underwriter is Paulson Investment Co. Inc. of Portland, Ore.
 Frontier Natural Gas is an independent energy company formed in 1988 and headquartered in Oklahoma City. The company is primarily engaged in the acquisition, production, development, marketing of and exploration for natural gas. Proceeds of the offering will be utilized for the acquisition of additional natural gas properties in the mid-continent and Gulf Coast areas of the United States, to further the company's exploration and development activities in Garvin County, Okla. and in Mississippi and Louisiana, and for general corporate purposes.
 Senior officers of Frontier Natural Gas are David W. Berry, chairman of the board and president, Jeffrey R. Orgill, vice-chairman of the board and vice-president of Exploration and Production, and David B. Christofferson, executive vice-president and general counsel. Frontier Natural Gas' securities have been approved for listing by NASDAQ under its small-cap listings. The company's common stock is listed under the symbol FNGC, its convertible preferred stock is listed under FNGCP, and its warrants under FNGCW.
 -0- 11/12/93
 /CONTACT: Charlotte Berry of Frontier Natural Gas, 405-478-4455/
 (FNGC)


CO: Frontier Natural Gas Corp. ST: Oklahoma IN: OIL SU: OFR

MC -- DV002 -- 3722 11/12/93 13:27 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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