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ENEX RESOURCES REPORTS FINANCIAL RESULTS FOR SECOND QUARTER AND SIX MONTHS OF 1992

 ENEX RESOURCES REPORTS FINANCIAL RESULTS FOR
 SECOND QUARTER AND SIX MONTHS OF 1992
 KINGWOOD, Texas, July 27 /PRNewswire/ -- Enex Resources Corporation (NASDAQ: ENEX), a company which acquires and manages producing oil and gas properties and markets oil and gas income programs, today reported financial results for the second quarter and six months ended June 30, 1992.
 Net income for the second quarter was $229,858 or $.16 per share on total revenues of $1,564,725. This compares with net income of $195,685 or $.14 per share on total revenues of $1,210,377 for the same period of 1991.
 For the first six months of 1992, net income was $457,605 or $.32 per share on total revenues of $2,870,402. Net income for the first six months of 1991 was $401,909 or $.28 per share on total revenues of $2,075,820. On a per share basis this represents a 14 percent increase over the first six months of 1991.
 Gerald B. Eckley, president of Enex stated, "Earnings continue to improve. We have seen some firming of both oil and gas prices in the last few months and we expect this trend to continue during the last half of 1992. We are actively searching for producing oil and gas properties for our shareholders and our limited partners."
 -0- 7/27/92
 /CONTACT: Robert E. Densford, vice president, secretary and treasurer of Enex Resources, 713-358-8401/
 (ENEX) CO: Enex Resources Corporation ST: Texas IN: OIL SU: ERN


SH -- NY063 -- 3498 07/27/92 11:51 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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