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SANTA FE ENERGY RESOURCES AND ADOBE RESOURCES MAIL MERGER PROXY

 SANTA FE ENERGY RESOURCES AND ADOBE RESOURCES MAIL MERGER PROXY
 NEW YORK, March 2 /PRNewswire/ -- Santa Fe Energy Resources, Inc. (NYSE: SFR) and Adobe Resources Corporation (NYSE: ADB) today announced that the joint proxy statement/prospectus relating to the proposed merger of Adobe with and into Santa Fe Energy is being mailed to stockholders of record of Santa Fe Energy and Adobe as of Feb. 27, 1992. Special meetings of the stockholders of Santa Fe Energy and Adobe will be held on March 31, 1992 to vote on the proposed merger.
 This press release shall constitute neither an offer to sell nor the solicitation of an offer to purchase any securities of Santa Fe Energy to be issued in the merger nor the solicitation of a vote on the proposed merger from any stockholder of Santa Fe Energy or Adobe. For more complete information regarding the proposed merger, the exchange ratio of Santa Fe Energy securities for Adobe's outstanding shares, a description of the Santa Fe Energy capital stock to be issued in the merger and other matters, interested persons may obtain a copy of the joint proxy statement/prospectus by contacting the investor relations department of Santa Fe Energy at 713-783-2401, the investor relations department of Adobe at 212-758-8110 or Georgeson and Co. Inc., at 800-223-2064.
 Santa Fe Energy, headquartered in Houston, is an independent (non- integrated) oil and gas exploration and production company, and Adobe, headquartered in New York, is primarily engaged in domestic and international oil and gas exploration and production as well as the gathering, processing, transmission and marketing of natural gas.
 -0- 3/2/92
 /CONTACT: Robert F. Vagt of Adobe Resources, 212-758-8110/
 (SFR ADB) CO: Santa Fe Energy Resources, Inc.; Adobe Resources Corporation ST: Texas, New York IN: OIL SU: TNM


KD -- NY095 -- 4212 03/02/92 17:48 EST
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Publication:PR Newswire
Date:Mar 2, 1992
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