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ENTERPRISE OIL U.S. LISTING AND OFFERING EFFECTIVE

 ENTERPRISE OIL U.S. LISTING AND OFFERING EFFECTIVE
 LONDON, Oct. 16 /PRNewswire/ -- Enterprise Oil plc today announced


that the Securities and Exchange Commission of the United States of America has declared effective the registration statement filed by Enterprise on Sept. 28, 1992 in respect of the public offer in the U.S. of 20,250,000 ordinary shares in the form of 6,750,000 American Depositary Shares (ADSs), each of which represents three ordinary shares. The ADSs are priced at $20.00 each. The offering was underwritten by a syndicate represented by Lehman Brothers, Merrill Lynch & Co., and S.G. Warburg Securities.
 Completion is expected to occur on Oct. 23, 1992. On completion, the ordinary shares represented by these ADSs will be allotted to a United Kingdom nominee for Citibank N.A., the depositary for the ADSs.
 On allotment the new ordinary shares will rank pari passu in all respects with the existing ordinary shares issued by Enterprise except that holders of the new ordinary shares will not be entitled to receive the interim dividend for the first six months of 1992 of 6.5p which will be paid on Nov. 2, 1992. The full terms and conditions of the ordinary shares are set out in the articles of association of Enterprise.
 Copies of this announcement may be obtained free of charge from Enterprise at its registered office, Grand Buildings, Trafalgar Square, London WC2N 5EJ. Copies of this announcement have been deposited at the Companies Announcements Office of the London Stock Exchange from where copies may be obtained free of charge for the next two days.
 -0- 10/16/92
 /CONTACT: John Walmsley, John van der Welle or Ray Dafter (home, 071-798-8861 or 0892-730376), all of Enterprise Oil, London, 071-925-4000; William R. Harrison, Ludovico del Balzo in London, 071-601-0011, or Jeffrey R. Sechrest, 212-298-4363, all of Lehman Brothers; or Kay Breakstone or Mitchell Prather, both of Burson Marstellar, 212-614-4000, for Enterprise Oil/ CO: Enterprise Oil plc ST: IN: OIL SU: OFR


PS-TM -- NY069 -- 1120 10/16/92 16:42 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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