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FREEPORT-MCMORAN OIL AND GAS ROYALTY TRUST MAKES ANNOUNCEMENT

 HOUSTON, Nov. 19 /PRNewswire/ -- Freeport-McMoRan Oil and Gas Royalty Trust (NYSE: FMR) announced that for the month of November 1993 the trust's Class A costs exceeded gross proceeds by $47,555, or $.00317 per unit, due primarily to capital costs incurred in connection with the drilling of an exploratory well on West Delta Block 34, which totaled $596,664, or $.03984 per unit. For the month of November, the cumulative costs associated with the drilling of this exploratory well have resulted in a cost carry-forward of $553,869 which included the excess Class A cost deficit of $427,414 plus $126,455 of unpaid trust administrative expenses. As a result, there will be no distribution for the month of November.
 As previously announced, as a result of the capital expenditures at West Delta Block 34 and the expense reserve to be established for trust administrative expenses, no distributions are expected to be made through the first quarter of 1994 and possibly future periods.
 -0- 11/19/93
 /CONTACT: Nancy J. Pugsley, Freeport-McMoRan Oil and Gas Royalty Trust, Texas Commerce Bank, trustee, 713-216-4424/
 (FMR)


CO: Freeport-McMoran Oil And Gas Royalty Trust ST: Texas IN: OIL SU:

PS -- NY046 -- 6531 11/19/93 12:22 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:204
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