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OKC LIMITED PARTNERSHIP MAKES ANNOUNCEMENT

 OKC LIMITED PARTNERSHIP MAKES ANNOUNCEMENT
 DALLAS, March 9 /PRNewswire/ -- Cloyce K. Box, the general partner


of OKC Limited Partnership, announced today that on March 5, 1992, the Fifth Circuit vacated the preliminary injunction, clearing the way for OKC Limited Partnership to be converted to Box Energy Corporation.
 It is anticipated that the conversion to Box Energy will occur on or before March 31, 1992.
 Immediately following the conversion to a corporate form, Box Energy will exchange its stock for the assets of OKC Limited Partnership, and all unitholders will be issued one share of Class A or Class B Box Energy stock for each partnership unit which they hold.
 The conversion will occur at or about the time of testing of a new well, 87-3, just drilled on South Pass Block 87 in the Gulf of Mexico. The exploratory well encountered approximately 600 feet of gross sand with a net pay interval estimated at 321 feet. The results of the testing will be released by the operator upon the completion of the test. The tests are expected to take about three weeks.
 The partnership expects to commence drilling an additional exploratory well in South Pass Block 87. This well will be known as 87- 4, and depending upon results of 87-4, a decision will be made with respect to the construction of a new platform.
 Box Energy intends to continue its annual dividend policy. However, the dividend for March 1992 will be delayed due to the heavy capital expenditures.
 -0- 3/9/92
 /CONTACT: Cloyce K. Box of OKC Limited Partnership, 214-890-8000/
 (OKC) CO: OKC Limited Partnership; Box Energy Corporation ST: Texas IN: OIL SU:


KD -- NY082 -- 6617 03/09/92 17:43 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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