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COHO RESOURCES INC. ANNOUNCES RESULTS OF RESTRUCTURING PROGRAM

 COHO RESOURCES INC. ANNOUNCES RESULTS OF RESTRUCTURING PROGRAM
 CALGARY, Alberta, Jan. 8 /PRNewswire/ -- Coho Resources Inc.'s parent company, Coho Resources Limited, announced today that as a result of a restructuring program it plans to devote substantially all of its efforts to activities in the United States, through its 68 percent-owned subsidiary.
 In conjunction with the company's plans to concentrate in the United States, Kenneth H. Lambert, chairman and chief executive officer of Coho Resources Inc. since 1980, who resides in Calgary, is planning to retire as chief executive officer. Lambert's retirement is planned to take place on June 30, 1992. A search will commence immediately for the position which will be based in Coho Resources Inc's. head office in Dallas.
 The company is optimistic about further production and reserve enhancements on its U.S. properties, and in order to ensure that these enhancements result in increased share value, the company is reviewing with its financial advisors additional steps designed to simplify and strengthen the current corporate structure of both companies. The possible merger of Coho Resources Limited and Coho Resources Inc. will be under active review.
 Coho Resources Inc. is a Dallas-based company with shares listed for trading in the over-the-counter market on the NASDAQ National Market System. The stock symbol is COHO.
 -0- 1/8/92
 /CONTACT: Douglas R. Martin, 403-261-9800, or Jeffrey Clarke, 214-991-9493, both of Coho Resources Inc./
 (COHO) CO: Coho Resources, Inc. ST: Alberta IN: OIL SU:


CH -- LA020 -- 8015 01/08/92 19:28 EST
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Publication:PR Newswire
Date:Jan 8, 1992
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