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MALLON REPORTS SUCCESSFUL REWORKING OF NEW MEXICO WELL

 DENVER, Jan. 17 /PRNewswire/ -- Mallon Oil Co., a unit of Mallon Resources Corp. (NASDAQ-NMS: MLRC), announced that it has successfully fractured the Morrow zone of its White Baby Comm. no. 1 well in the White City-Penn Field of Lea County, New Mexico. After one month, the well is producing approximately 510 mcf per day from approximately 11,200 feet. Prior to the reworking, the well had been producing just 48 mcf of gas per day. When the well has cleaned-up and stabilized, Mallon intends to move up-hole and complete the well into the Atoka and Strawn intervals, as well. Mallon owns 100% of the working interest in the well, which was part of Mallon's September 1993 acquisition from Pennzoil.
 Kevin Fitzgerald, Mallon Oil's president, said, "Increasing the production from this well 10-fold is a significant improvement, especially since we own 100% of the working interest in the well. We also believe that several of our other wells in this area will respond to this same type of reworking to enhance their production."
 Mallon Resources Corp.'s oil and gas operations, located primarily in the western United States, are conducted by its wholly owned subsidiary, Mallon Oil Co. Through its subsidiary, Mallon Minerals Corp., the company controls 46,000 acres of gold and silver concession acreage in Costa Rica. Mallon is headquartered in Denver. The company's common stock is listed on NASDAQ's National Market System under the trading symbol MLRC.
 -0- 1/17/94
 /CONTACT: Roy Ross of Mallon, 303-293-2333; or Anne Doremus of Catalyst Communications, 510-838-7127, for Mallon/
 (MLRC)


CO: Mallon Resources Corp.; Mallon Oil Co. ST: Colorado, New Mexico IN: OIL SU:

TM-LW -- SF001 -- 2434 01/17/94 10:01 EST
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Publication:PR Newswire
Date:Jan 17, 1994
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