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ARCH PETROLEUM INC. ANNOUNCES TWO-FOR-ONE STOCK SPLIT

 FORT WORTH, Texas, Dec. 9 /PRNewswire/ -- Arch Petroleum Inc. (NASDAQ-NMS: ARCH) announced today that its Board of Directors declared a two-for-one stock split of its shares of common stock, $.01 par value per share, deliverable on Jan. 18, 1994 to shareholders of record at Dec. 31, 1993. Presently there are approximately 8,500,000 shares of common stock outstanding which, after giving effect to the stock split, will increase the outstanding common shares to approximately 17,000,000.
 Larry Kalas, president of Arch, stated, "The directors of Arch have declared the stock split to recognize the company's past performance and its confidence in the future. In addition, the larger float created by the increased number of shares which will be available to the market will allow future shareholders to rationally accumulate positions in the company's stock."
 NOTE: Arch Petroleum Inc. is an independent oil and gas exploration and production company headquartered in Fort Worth, Texas with interests in producing properties in Texas, New Mexico, Oklahoma, Louisiana and North Dakota. Arch participates in natural gas transmission and marketing through its subsidiaries Onyx Pipeline Company, L.C. and Saginaw Pipeline Company, L.C.
 -0- 12/9/93
 /CONTACT: Randall W. Scroggins, vice president of Arch Petroleum, 817-332-9209 or 800-772-8558/
 (ARCH)


CO: Arch Petroleum Inc. ST: Texas IN: OIL SU:

MP -- NY047 -- 2218 12/09/93 12:34 EST
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Publication:PR Newswire
Date:Dec 9, 1993
Words:226
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