SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.  20549

Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities 
Act of 1934

Date of Report (date earliest event reported): October 17, 1996

Mallon Resources Corporation
(exact name of registrant as specified in its charter)

     Colorado            0-17267            84-1095959
(State or other        (Commission        (I.R.S. Employer
jurisdiction           File Number)       Identification No.)
of incorporation)

999 18th Street, Suite 1700, Denver, Colorado          80202
(address of principal executive offices)            (zip code)

Registrant's telephone number including area code: (303) 293-2333

                           not applicable
(former name or former address, if changed since last report)

                              -1-


Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued a press 
release, dated October 17, 1996, the text of which was as 
follows:

Mallon Oil Company, a unit of Mallon Resources Corporation 
(Nasdaq: "MLRC"), today announced that the Registration Statement 
covering the offering of 2,000,000 shares of the Company's Common 
Stock has been declared effective by the Securities and Exchange 
Commission, and that the offering of such shares to the public 
has commenced at a price of $6.50 per share.  The size of the 
offering was increased from the originally planned 1,800,000 
shares.  Rodman & Renshaw, Inc. acted as managing underwriter.

The net proceeds from the offering will be used primarily to 
finance the Company's oil and gas drilling activities and to 
acquire certain preferred shares.

Mallon is headquartered in Denver, Colorado.  Mallon's oil and 
gas operations, located primarily in the western United States, 
are conducted by its wholly-owned subsidiary, Mallon Oil Company.  
Mallon also owns 14 million shares of common stock of Laguna Gold 
Company, a company engaged in the exploration for and development 
of gold and silver in Costa Rica.  Laguna Gold Company is traded 
on the Toronto Stock Exchange under the symbol "LGC."

A copy of the prospectus may be obtained from Rodman & Renshaw, 
Inc., Two World Financial Center, 30th Floor, 225 Liberty Street, 
New York, 10281, Attn:  Ann Grogono.
 
                              Signatures

     Pursuant to the requirements of the Securities Exchange act 
of 1934, the registrant has duly caused this report to be signed 
on its behalf by the undersigned hereunto duly authorized.

	Mallon Resources Corporation

October 17, 1996	_________________________________
	Roy K. Ross, Executive Vice President
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2629}]
{"company-data": {"conformed-name": "MALLON RESOURCES CORP", "cik": "0000837759", "assigned-sic": "1311", "irs-number": "841095959", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17267", "film-number": "96645429"}, "business-address": {"street1": "999 18TH ST STE 1700", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "3032932333"}, "mail-address": {"street1": "999 18TH STREET", "street2": "STE 1700", "city": "DENVER", "state": "CO", "zip": "80202"}}
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.  20549

Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities 
Act of 1934

Date of Report (date earliest event reported): October 17, 1996

Mallon Resources Corporation
(exact name of registrant as specified in its charter)

     Colorado            0-17267            84-1095959
(State or other        (Commission        (I.R.S. Employer
jurisdiction           File Number)       Identification No.)
of incorporation)

999 18th Street, Suite 1700, Denver, Colorado          80202
(address of principal executive offices)            (zip code)

Registrant's telephone number including area code: (303) 293-2333

                           not applicable
(former name or former address, if changed since last report)

                              -1-

Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued a press 
release, dated October 17, 1996, the text of which was as 
follows:

Mallon Oil Company, a unit of Mallon Resources Corporation 
(Nasdaq: "MLRC"), today announced that the Registration Statement 
covering the offering of 2,000,000 shares of the Company's Common 
Stock has been declared effective by the Securities and Exchange 
Commission, and that the offering of such shares to the public 
has commenced at a price of $6.50 per share.  The size of the 
offering was increased from the originally planned 1,800,000 
shares.  Rodman & Renshaw, Inc. acted as managing underwriter.

The net proceeds from the offering will be used primarily to 
finance the Company's oil and gas drilling activities and to 
acquire certain preferred shares.

Mallon is headquartered in Denver, Colorado.  Mallon's oil and 
gas operations, located primarily in the western United States, 
are conducted by its wholly-owned subsidiary, Mallon Oil Company.  
Mallon also owns 14 million shares of common stock of Laguna Gold 
Company, a company engaged in the exploration for and development 
of gold and silver in Costa Rica.  Laguna Gold Company is traded 
on the Toronto Stock Exchange under the symbol "LGC."

A copy of the prospectus may be obtained from Rodman & Renshaw, 
Inc., Two World Financial Center, 30th Floor, 225 Liberty Street, 
New York, 10281, Attn:  Ann Grogono.
 
                              Signatures

     Pursuant to the requirements of the Securities Exchange act 
of 1934, the registrant has duly caused this report to be signed 
on its behalf by the undersigned hereunto duly authorized.

	Mallon Resources Corporation

October 17, 1996	_________________________________
	Roy K. Ross, Executive Vice President