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AMERICAN NATIONAL PETROLEUM COMPANY ANNOUNCES SALE OF MATHERS RANCH

 AMERICAN NATIONAL PETROLEUM COMPANY ANNOUNCES SALE OF MATHERS RANCH
 HOUSTON, Aug. 27 /PRNewswire/ -- American National Petroleum Comany (NASDAQ: ANPC) announced today that its subsidiary, Hawthorne Oil and Gas Corporation ("Hawthorne"), sold its interest in Mathers Ranch and Canadian Southeast Fields, located in Hemphill County Texas, to the operator of the fields, UMC Petroleum Corporation ("UMC").
 Hawthorne received approximately $1,300,000 along with the elimination of Hawthorne's gas imbalance liabilities in these property interests. Hawthorne retained its undeveloped interest in the Hunton Formation and UMC assigned its undeveloped interest in the Hunton Formation to Hawthorne.
 UMC Petroleum Corporation is a wholly owned subsidiary of United Meridian Corporation, which is a privately held exploration and production company based in Houston, Texas and operating in both the United States and international venues.
 American National Petroleum Company, a Houston, Texas based company, is engaged in oil and natural gas exploration and production and energy related business.
 -0- 8/27/92
 /CONTACT: Mary Y. Cotner of American National Petroleum Company, 713-961-1770/
 (ANPC) CO: American National Petroleum Company ST: Texas IN: OIL SU:


DC -- NY068 -- 4082 08/27/92 15:57 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:187
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