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HUNTER RESOURCES REPORTS YEAR END RESERVES DOUBLE PREVIOUS YEAR TOTALS

 IRVING, Texas, March 31 /PRNewswire/ -- Hunter Resources, Inc. announced that its proved reserves at Dec. 31, 1992 more than doubled in value in comparison to the previous year's estimates by an independent consultant. The results of the company's year end engineering study reflected total proved oil reserves increased for the year 101 percent from 252,605 barrels to 508,426 barrels. Total proved natural gas reserves increased 84 percent from 963,028 million cubic feet to 1.774 billion cubic feet.
 Commenting on the reserve figures, Mr. Gary C. Evans, president of Hunter Resources, Inc. stated, "The significant increase in our company's proved oil and natural gas reserves is a reflection of our management team's redirection of Hunter during the fourth quarter of 1992 to an oil and gas reserve based company. It is important to note that these reserves do not take into account the reserve additions added in the first quarter of fiscal 1993 due to the new Wyoming Limited Company formed with our foreign investment partners."
 Hunter Resources, Inc. is an energy development and management company engaged in three principal activities: (i) the production and sale of crude oil, condensate and natural gas; (ii) the gathering, transmission, and marketing of natural gas; and (iii) the business of managing and operating producing oil and natural gas properties for non- operating interest owners. Effective Jan. 14, 1993, the common stock of Hunter Resources, Inc., formerly Intramerican Corporation, began trading on the Boston Stock Exchange under the new ticker symbol "HNT."
 -0- 3/31/93
 /CONTACT: Gary C. Evans of Hunter Resources, Inc., 214-401-0752/


CO: Hunter Resources, Inc. ST: Texas IN: OIL SU:

SH-OS -- NY063 -- 1612 03/31/93 15:19 EST
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Date:Mar 31, 1993
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