EXHIBIT 20.2





                  PRESIDIO TRADING HALTED, AS NEGOTIATIONS START
                                FOR SALE OF ASSETS



     Denver, Colorado, November 17, 1995....PRESIDIO OIL COMPANY
(ASE:PRS/A) announced today that it had initiated discussions
with Tom Brown, Inc. in respect of a potential sale of
substantially all of Presidio's assets as part of a
reorganization, with the proceeds thereof expected to be
available for distribution to the holders of Presidio's bank
debt, publicly-traded debt, and common stock.  Tom Brown's bid
for the Company's assets, which was previously announced on
November 15, 1995, has a total stated value of $180 million,
subject to adjustment, with the cash portion of the bid amount
being equal to the amount required to pay fully the claimed
amount of principal and any interest due on Presidio's bank debt
and its senior secured notes, and with the remainder of the bid
amount consisting of Tom Brown common stock.

     However, pending the completion of a definitive agreement
with Tom Brown, the amount of cash and Tom Brown common stock to
be distributed to the holders of each class of Presidio's debt,
as well as to the holders of Presidio's common stock, cannot be
established.  Moreover, given the uncertainty concerning the
amount of proceeds, if any, that would be available for
distribution to holders of Presidio's common stock, and after
discussions with the American Stock Exchange, trading of
Presidio's Class A and B common stock on such Exchange has been
halted indefinitely.  The Amex has informed Presidio that trading
in its 9% convertible subordinated debentures will be unaffected
at the present time.  In addition, it is anticipated that trading
in the Company's common stock will commence in the future in the
over-the-counter market.

     Presidio Oil Company is an independent oil and gas company
engaged in onshore oil and gas exploration, development and
production in the continental United States.

     For further information contact Investor Relations at (212)
593-2244.