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PLAINS RESOURCES DECLARES DIVIDEND ON $1.30 CUMULATIVE CONVERTIBLE PREFERRED STOCK

 HOUSTON, Jan. 18 /PRNewswire/ -- Plains Resources (AMEX: PLX) today announced a cash dividend of $0.325 per share on its outstanding $1.30 cumulative convertible preferred stock for the period Dec. 1, 1992 - Feb. 28, 1993. The dividend will be payable on Feb. 28, 1993, to shareholders of record Feb. 15, 1993.
 Plains Resources is an independent oil and gas exploration and production company headquartered in Houston. During 1992, it was ranked by The Oil and Gas Journal as 106th among the largest publicly traded oil and gas companies in the United States.
 -0- 01/18/93
 /CONTACT: Nancy J. Kerby, director - investor relations of Plains Resources, 713-654-1414/
 (PLX)


CO: Plains Resources ST: Texas IN: OIL SU: DIV

AH -- NY024 -- 5813 01/18/93 10:20 EST
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Publication:PR Newswire
Date:Jan 18, 1993
Words:127
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