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TIPPERARY CORPORATION OF DENVER TRADES UP FROM NASDAQ TO THE AMERICAN STOCK EXCHANGE

 TIPPERARY CORPORATION OF DENVER TRADES UP FROM NASDAQ
 TO THE AMERICAN STOCK EXCHANGE
 NEW YORK, April 16 /PRNewswire/ -- The American Stock Exchange today announced that Tipperary Corporation of Denver began trading its shares of common stock. Trading under ticker symbol TPY, the stock opened on 3,000 shares at 3.
 The company's common stock previously traded on NASDAQ under ticker symbol TIPR.
 Tipperary Corporation is engaged in oil and gas exploration, development and production. The company entered the oil and gas business in 1967 when it acquired a property in New Mexico. Tipperary's operations and activities have since expanded to other areas of the U.S., particularly in the Permian Basin and Rocky Mountains.
 For the three months ended Dec. 31, 1991, the company reported unaudited net income of $13.6 million on revenues of $1.8 million, compared with net income of $808,000 on revenues of $2.3 million for the same period ended Dec. 31, 1990. Net income at Dec. 31, 1991, includes an extraordinary one-time gain of $9.6 million.
 The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products. Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally traded products.
 -0- 4/16/92
 /CONTACT: Lisa Neuner of American Stock Exchange, 212-306-2028/
 (TPY) CO: Tipperary Corp. ST: Colorado IN: OIL SU:


CK -- NY064 -- 9278 04/16/92 12:01 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:261
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