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SHARES OF THE PHOENIX RESOURCE COMPANIES, INC. TO TRADE IN NASDAQ NATIONAL MARKET

 SHARES OF THE PHOENIX RESOURCE COMPANIES, INC. TO TRADE
 IN NASDAQ NATIONAL MARKET
 OKLAHOMA CITY, June 3 /PRNewswire/ -- The common stock of the Phoenix Resource Companies, Inc. will begin trading in the NASDAQ National Market on June 16, 1992. The Phoenix Resource Companies, Inc. is an independent oil and gas company headquartered in Oklahoma City with its principal assets located in the Western Desert of Egypt. Phoenix's common stock will trade in the NASDAQ National Market under the symbol PHNI and will also continue trading on the Pacific Stock Exchange under the symbol PHN.
 The entry of Phoenix into the NASDAQ National Market will provide brokers and others with immediate access to the best bid and asked prices and other information about the company's shares throughout the day. This information will be available over more than 190,000 electronic terminals in brokers' offices throughout the United States and the world. Daily trading data will also be distributed widely through wire services for selective dissemination by newspapers and other media throughout the world.
 -0- 6/3/92
 /CONTACT: Debora Bingham of The Phoenix Resource Companies, 405-728-5100/
 (PHN) CO: Phoenix Resource Companies, Inc. ST: Oklahoma IN: SU:


AH -- NY067 -- 6725 06/03/92 16:29 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
Words:204
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