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SANTA FE ENERGY RESOURCES AND ADOBE RESOURCES REPORT ON COURT HEARING

SANTA FE ENERGY RESOURCES AND ADOBE RESOURCES REPORT ON COURT HEARING
 NEW YORK, March 30 /PRNewswire/ -- Santa Fe Energy Resources, Inc. (NYSE: SFR) and Adobe Resources Corporation (NYSE: ADB) reported today that a hearing on a preliminary injunction in the previously announced suit relating to the proposed merger of the two companies was held on March 27, 1992.
 Both companies will hold their shareholders meetings in Houston tomorrow, March 31, to vote on the proposed merger. At the request of the court, Santa Fe Energy Resources and Adobe Resources have agreed not to consummate the merger if approved by the shareholders, until the earlier of receipt of the decision of the court or 4 p.m., Monday, April 4.
 -0- 3/30/92
 /CONTACT: C. Ed Hall of Santa Fe Energy Resources, 713-783-2401, or Robert F. Vagt of Adobe Resources, 212-758-8110/
 (SFR ADB) CO: Santa Fe Energy Resources; Adobe Resources Inc. ST: Texas, New York IN: OIL SU:


CK -- NY051 -- 2850 03/30/92 11:33 EST
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Publication:PR Newswire
Date:Mar 30, 1992
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