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Microcap & Penny Stocks : CODE reports soaring 1st quarter!
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To: BlueCheap who wrote (20)3/18/1998 10:14:00 AM
From: Gravitar   of 33
 
Concord Energy, Inc. Announces Two New Gas Plant Contracts Totaling $3.5 Million
Wednesday, March 18, 1998 10:03 AM

JOURDANTON, Texas, March 18 /PRNewswire/ -- Concord Energy Incorporated (Nasdaq: CODE) today announced that its KEMCO subsidiary has agreed to provide Hanover Compressor Company (NYSE: HC) two gas processing plants for $3.5 million. The two plants will have 35 and 40 million cubic ft. per day capacity. One will be installed in Argentina and other will be installed in Bolivia. Concord Energy CEO Mr. Deral Knight stated, "This is reflective of the continued growth in exploration in South America, as well as our ability to meet the stringent demands of large multi-nationals such as Hanover."

Concord is a fully integrated oil and gas service company that also has interests in oil and gas properties. Concord's Kemco subsidiary designs, reengineers and markets oil and gas processing equipment. Concord's IPS subsidiary markets a proprietary information software system that automates and expedites the dissemination of critical oil and gas production data.

This press release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in forward-looking statements is contained in Concord Energy's SEC filings, copies of which are available upon request from Concord's investor relations department.

SOURCE Concord Energy Incorporated
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