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AMERICAN EXPLORATION COMPANY ANNOUNCES RESIGNATION OF PRESIDENT

 AMERICAN EXPLORATION COMPANY ANNOUNCES RESIGNATION OF PRESIDENT
 HOUSTON, June 1 /PRNewswire/ -- American Exploration Company (AMEX: AX) announced today that Peter Forbes had resigned as president and director. Mr. Forbes had held those positions since joining the company in 1988. Mark Andrews, American's chairman and CEO, will resume the position of president which he held from 1980, when he founded the company, to 1988.
 Commenting on the management changes at American, Mark Andrews said, "In order to further strengthen our operating capability, we recently hired Harold Korell as senior vice president-production. He was previously vice president & manager of production for Tenneco Oil Company. Certain departments which had previously reported to Peter Forbes now report to Harold Korell. In view of the new reporting responsibilities, Peter chose to leave the Company to pursue other opportunities. While Peter was at American the Company grew substantially and now has a solid base of production as well as significant exploration opportunities. We appreciate his contributions and wish him well in his future career."
 American Exploration Company is an independent oil and gas company with production in the United States and Canada and exploratory activities focused in Texas, South Louisiana, Tunisia and the Sultanate of Oman.
 -0- 6/1/92
 /CONTACT: Frank Murphy, vice president-investor relations of American Exploration, 212-230-0344/
 (AX) CO: American Exploration Company ST: Texas IN: OIL SU: PER


PS-TS -- NY043 -- 5963 06/01/92 18:37 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
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