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MESA OFFSHORE TRUST MAKES ANNOUNCEMENT

 MESA OFFSHORE TRUST MAKES ANNOUNCEMENT
 HOUSTON, Sept. 28 /PRNewswire/ -- Mesa Offshore Trust (NYSE: MOS)


announced today that MESA Inc. (MESA) (NYSE: MXP) has advised the trust that the costs of the exploratory and developmental drilling program conducted by MESA on the Trust's South Marsh Island 155 Block have been fully recovered by MESA.
 In addition, the Trust's royalty income for September 1992 of approximately $313,000 was used to repay MESA for amounts advanced by MESA to fund the Trust's administrative expenses. Approximately $100,000 of the advances from MESA remain outstanding. Once MESA has been repaid in full, the Trustee intends to reestablish an expense reserve of approximately $2,000,000 to cover approximately three years of Trust expenses. Funding of such expense reserve will further delay resumption of distributions to unitholders. Based on information provided by MESA, the Trustee estimates that distributions to unitholders will resume no earlier than the fourth quarter of 1992.
 -0- 9/28/92
 /CONTACT: David Snyder of Mesa Offshore Trust, 713-236-5100/
 (MOS MXP) CO: Mesa Offshore Trust; Mesa Inc. ST: Texas IN: OIL SU:


PS -- NY059 -- 4082 09/28/92 16:38 EDT
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Publication:PR Newswire
Date:Sep 28, 1992
Words:190
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