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PETROMINERALS CORP. HOLDS 27TH ANNUAL SHAREHOLDERS MEETING

 TUSTIN, Calif., May 20 /PRNewswire/ -- Petrominerals Corp. (NASDAQ: PTRO) today held its 27th Annual Meeting of Shareholders at the Le Meridien Hotel, Newport Beach, Calif. The shareholders elected a board of eight directors to serve one-year terms until the 1994 Annual Meeting and until their respective successors shall be elected and qualified. The four proposals as presented in the company's 1993 Proxy Notice and Statement, were also approved by the shareholders.
 At the Annual Meeting, Eugene L. Butler, president and chief executive officer, remarked that "now is the time for companies to pursue consolidation and diversification." He also stated that the Petrominerals board of directors has made a strong commitment to future growth and will seek opportunities to expand and strengthen the company.
 Petrominerals Corp. engages in the production and marketing of crude oil and natural gas in California and Louisiana. Lunn Production Service, a division of Petrominerals Corp., services and maintains oil and gas wells for a number of major oil companies.
 -0- 5/20/93
 /CONTACT: Virginia M. Lazar, corporate secretary of Petrominerals, 714-730-5400/
 (PTRO)


CO: Petrominerals Corp. ST: California IN: OIL SU:

MS -- LA019 -- 0821 05/20/93 13:40 EDT
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Publication:PR Newswire
Date:May 20, 1993
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