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GLOBAL NATURAL RESOURCES ANNOUNCES DISCOVERY

 HOUSTON, Jan. 20 /PRNewswire/ -- Global Natural Resources Inc. (NYSE: GNR) reported today that the exploratory well in the Gulf of Mexico on High Island Block A-442 (GNR working interest 25 percent) had discovered 41 net feet of productive gas sand in several intervals at depths of 2400 feet to 3200 feet. An additional 21 feet of net oil pay was encountered in a zone at approximately 7900 feet. A well drilled in 1978 penetrated an oil sand at 7600 feet in another fault block on this lease. A development plan for the block is currently being formulated.
 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- 1/20/93
 /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

WB -- NY036 -- 6846 01/20/93 11:34 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:183
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