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ENEX RESOURCES ANNOUNCES CASH DIVIDEND

 ENEX RESOURCES ANNOUNCES CASH DIVIDEND
 KINGWOOD, Texas, Dec. 2 /PRNewswire/ -- Enex Resources Corporation


(NASDAQ-NMS: ENEX), today announced that its board of directors has declared its annual cash dividend. The dividend is payable on Dec. 16, 1991 to shareholders of record on Dec. 6, 1991 at the rate of $0.12 per share of common stock. This dividend represents a 20 percent increase from the prior year.
 Gerald B. Eckley, president, said, "We are pleased to once again pay a cash dividend to our shareholders. The company has grown significantly this year through the acquisition of oil and gas interests. We expect to increase our regular annual dividend as profits continue to improve."
 Enex is a company which acquires and manages producing oil and gas properties and markets oil and gas income programs.
 -0- 12/2/91
 /CONTACT: Robert E. Densford, vice president, secretary and treasurer of Enex Resources, 713-358-8401/
 (ENEX) CO: Enex Resources Corporation ST: Texas IN: OIL SU: DIV


JT -- NY043 -- 8350 12/02/91 12:15 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 2, 1991
Words:169
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