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GLOBAL ANNOUNCES SOUTH TIMBALIER DISCOVERY

 HOUSTON, Jan. 25 /PRNewswire/ -- Global Natural Resources Inc. (NYSE: GNR) reported today that the exploratory well in the Gulf of Mexico on South Timbalier Block 277 (GNR working interest 20 percent) had encountered productive Pleistocene gas sands at a depth of approximately 6,700 feet. The well has been temporarily abandoned at the mudline, while production test data is evaluated. A 3-D seismic survey is being reviewed to assist in determining the most effective future development plan.
 General Atlantic Resources is the operator of this block.
 Global Natural Resources Inc. is a Houston-based energy company engaged in the exploration, development and production of oil and gas in North America. The company also owns an interest in long-term oil and gas production sharing contracts in Indonesia and has joint venture projects in Tatarstan-Russia and Malaysia.
 -0- 1/25/93
 /CONTACT: Robert F. Vagt or William Hubbard of Global Natural Resources Inc., 713-880-5464/
 (GNR)


CO: Global Natural Resources Inc. ST: Texas IN: OIL SU: DSC

SH -- NY022 -- 8310 01/25/93 09:21 EST
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Publication:PR Newswire
Date:Jan 25, 1993
Words:172
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