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PLAINS RESOURCES DECLARES DIVIDEND ON $1.30 CUMULATIVE CONVERTIBLE PREFERRED STOCK

 PLAINS RESOURCES DECLARES DIVIDEND ON $1.30 CUMULATIVE
 CONVERTIBLE PREFERRED STOCK
 HOUSTON, Aug. 13/PRNewswire/ -- Plains Resources (AMEX: PLX) today announced a cash dividend of $0.325 per share on its outstanding $1.30 cumulative convertible preferred stock for the period June 1, 1992 - Aug. 31, 1992. The dividend will be payable on Aug. 31, 1992, to shareholders of record Aug. 15, 1992.
 Plains Resources is an independent oil and gas exploration and production company headquartered in Houston. During 1991, it was ranked by The Oil and Gas Journal as 113th among the largest publicly traded oil and gas companies in the United States.
 -0- 8/13/92
 /CONTACT: Nancy J. Kerby, of Plains Resources, 713-654-1414/
 (PLX) CO: Plains Resources ST: Texas IN: OIL SU: DIV


DC -- NY079 -- 9838 08/13/92 16:46 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 13, 1992
Words:135
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