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ENSERCH: JUDGMENT ENTERED IN EXCHANGE OFFER SUIT

 DALLAS, Jan. 13 /PRNewswire/ -- On Jan. 11, the Delaware Chancery Court entered a judgment against ENSERCH Corporation (NYSE: ENS), Enserch Exploration, Inc., and certain individual directors of Enserch Exploration, Inc. ordering them to pay additional consideration of $3.42 per unit tendered to all those who exchanged their units in Enserch Exploration Partners, Ltd. (NYSE: EP), a Texas limited partnership, for stock in ENSERCH Corporation pursuant to a Sept. 14, 1989, exchange offer. The exchange rate was one-half share of ENSERCH common stock plus $1.00 cash for each unit. The judgment was the result of a class- action suit filed in April 1989.
 ENSERCH Corporation and the other defendants believe that the Chancery Court made a number of legal and factual errors in its opinion, and they will pursue an appeal to the Delaware Supreme Court.
 The total amount of the court's award is approximately $57 million, including prejudgment interest of approximately $16 million. If finally awarded after the appeal, the $41 million additional consideration would be added to the capitalized cost of the oil and gas properties acquired in the exchange and would be amortized over future production.
 NOTE TO EDITORS: Correct styles are ENSERCH Corporation, Enserch Exploration, Inc., and Enserch Exploration Partners, Ltd.
 -0- 1/13/93
 /CONTACT: Crystal Bell of ENSERCH Corporation, 214-670-2528/
 (ENS)


CO: ENSERCH Corporation; Enserch Exploration, Inc. ST: Texas IN: OIL SU:

WB -- NY030 -- 4468 01/13/93 12:10 EST
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Publication:PR Newswire
Date:Jan 13, 1993
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