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MSR EXPLORATION LTD. ANNOUNCES REORGANIZATION

 CUT BANK, Mont., March 8 /PRNewswire/ -- MSR Exploration Ltd. (AMEX: QMSR, Toronto: MSR) and Alberta Public Oil and Gas Co. with headquarters in Cut Bank, today announced that the United States Bankruptcy Court for the District of Montana issued and signed an Order confirming the First Amended Joint Plan of Reorganization.
 The court determined after notice and public hearing on Feb. 23, 1993, all requirements had been satisfied.
 Accordingly, the Restated First Amended Joint Plan of Reorganization with Modifications was confirmed on March 2, 1993, as follows:
 UNITED STATES BANKRUPTCY COURT
 District of Montana
 MSR Exploration Ltd.,
 a corporation, Case No. 92-40176-11
 MSR Exploration Inc.,
 a corporation, Case No. 92-40177-11
 Gypsy Highview Gathering
 System Inc., a corporation Case No. 92-40178-11
 Mountain States Resources
 Inc., a corporation Case No. 92-40179-11
 Monte Grande Exploration
 Inc., a corporation Case No. 92-40180-11
 MSR Drilling Inc.,
 a corporation, Case No. 92-40181-11
 Joint Administration Debtors
 Order Confirming Plan
 At Butte in said District this 2nd day of March 1993.
 The Debtors' First Amended Joint Plan of Reorganization filed on Dec. 11, 1992, as modified by Debtors' Restated First Amended Joint Plan of Reorganization filed on March 2, 1993, having been transmitted to creditors and equity security holders, and ballots of creditors having voted in favor of said Plan, and
 The Court determined after notice and hearing on Feb. 23, 1993, that requirements for confirmation set forth in 11 U.S.C. Section 1129 (a) have been satisfied,
 IT IS ORDERED that the Restated First Amended Joint Plan of Reorganization With Modifications filed March 2, 1993, is confirmed.
 By the Court
 John L. Peterson
 United States Bankruptcy Judge
 P.O. Box 689
 Butte, MT 59703
 -0- 3/8/93
 /CONTACT: J.V. Montalban of MSR Exploration, 406-873-2235/
 (QMSR)


CO: MSR Exploration Ltd. ST: Montana IN: OIL SU: RCN

JB -- LA026 -- 4161 03/08/93 15:36 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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