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PLAINS RESOURCES DECLARES DIVIDEND ON $1.30 CUMULATIVE CONVERTIBLE PREFERRED STOCK

 HOUSTON, April 30 /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 March 1, 1993 - May 31, 1993. The dividend will be payable on May 31, 1993, to shareholders of record May 15, 1993.
 Plains Resources is an independent energy company engaged in the exploration, acquisition, development and exploitation of crude oil and natural gas and the downstream activities of marketing, transportation and storage of crude oil and natural gas products. The company is headquartered in Houston.
 -0- 4/30/93
 /CONTACT: Nancy J. Kerby, director, investor relations, of Plains Resources, 713-654-1414/
 (PLX)


CO: Plains Resources ST: Texas IN: OIL SU: DIV

LR -- NY029 -- 3109 04/30/93 10:12 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:129
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