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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, Oct. 21 /PRNewswire/ -- Plains Resource (AMEX: PLX) today announced a cash dividend of $0.325 per share on its outstanding $1.30 Cumulative Convertible Preferred Stock for the period Sept. 1, 1992- Nov. 30, 1992. The dividend will be payable on Nov. 30, 1992, to shareholders of record Nov. 15, 1992.
 Plains Resources is an independent oil and gas exploration and production company headquartered in Houston. During 1992, it was ranked by The Oil and Gas Journal as 106th among the largest publicly traded oil and gas companies in the United States.
 -0- 10/21/92
 /CONTACT: Nancy J. Kerby, director-investor relations, Plains Resources, 713-654-1414/
 (PLX) CO: Plains Resources ST: Texas IN: OIL SU: DIV


MA -- NY052 -- 2839 10/21/92 11:25 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 21, 1992
Words:136
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