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SEAGULL ENERGY CORPORATION MAKES ANNOUNCEMENT

 HOUSTON, May 11 /PRNewswire/ -- Shareholders of Seagull Energy Corporation (NYSE: SGO) today approved an increase in the number of common shares authorized by the company's charter, thereby triggering a previously declared two-for-one split of the company's common shares.
 The split will be paid in the form of a 100 percent stock dividend on June 4, 1993, to holders of record on May 21, 1993. Seagull's directors declared the split on March 19, 1993, subject to shareholder approval of the increase in authorized shares.
 As a result of today's board action, the company is now authorized to issue a total of 100 million common shares. After the split, approximately 36 million shares will be issued and outstanding.
 Houston-based Seagull is engaged in natural gas exploration and production; the transportation, distribution and marketing of natural gas, liquids products and petrochemicals, and natural gas processing.
 -0- 5/11/93
 /CONTACT: Alan Payne of Seagull Energy Corporation, 713-951-4842/
 (SGO)


CO: Seagull Energy Corporation ST: Texas IN: OIL SU:

SH -- NY062 -- 7102 05/11/93 13:33 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:173
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