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SHEFFIELD EXPLORATION MOVES TO THE EMERGING COMPANY MARKETPLACE; COMPANY PREVIOUSLY TRADED OVER-THE-COUNTER

 NEW YORK, Dec. 14 /PRNewswire/ -- The Emerging Company Marketplace today began trading the common shares of Sheffield Exploration Company, Inc. Sheffield is the sixth energy company to list its shares on the ECM since its launch in March 1992.
 The company previously traded over-the-counter.
 The company's common, (symbol: SHE.EC), opened at 3 1/4 on 100 shares.
 Goin & Company, Inc. has been selected as Sheffield's specialist firm.
 Sheffield Exploration currently has 3,254,565 shares outstanding.
 Denver-based Sheffield Exploration is engaged in the production and sale of crude oil and natural gas, and the processing of "wet" natural gas into liquids and residue natural gas. The company additionally is involved in the acquisition, exploration and development of oil & gas properties.
 J. Samuel Butler, president and chief executive officer of Sheffield Exploration said, "After careful consideration, we decided that the Emerging Company Marketplace at the AMEX offers Sheffield investors the fairest trading marketplace. We believe that by listing on the ECM, Sheffield will experience increased liquidity and gain crucial exposure in the financial community."
 The Emerging Company Marketplace was created by the American Stock Exchange in March 1992, to provide companies in their initial growth stages with the benefits associated with trading in the AMEX auction market system.
 The American Stock Exchange, the nation's second largest stock exchange, is the only primary marketplace for both stocks and derivative securities in the United States.
 -0- 12/14/93
 /CONTACT: Melissa Grand, manager, Communications of American Stock Exchange, 212-306-1635/
 (SHE.EC)


CO: Sheffield Exploration ST: Colorado IN: OIL SU:

WB -- NY054 -- 3650 12/14/93 12:24 EST
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Publication:PR Newswire
Date:Dec 14, 1993
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