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STONE ENERGY CORPORATION ANNOUNCES UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION

 LAFAYETTE, La., Aug. 5 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) announced today that the underwriters of the company's recently completed initial public offering exercised their over- allotment option to purchase 515,000 shares. The initial public offering of 3,500,000 shares was priced at $12 per share. The company expects the issuance and delivery of the over-allotment shares to occur on Aug. 11, 1993.
 Lead underwriters for the offering are The First Boston Corporation and Johnson Rice & Company.
 Stone Energy is an independent oil and gas company primarily engaged in the acquisition of producing oil and gas properties.
 This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer is made only by the prospectus. Copies of the prospectus may be obtained in any jurisdiction in which this announcement is circulated only from such of the underwriters of the offering as may legally offer these securities in such jurisdiction.
 -0- 8/5/93
 /CONTACT: Michael L. Finch of Stone Energy Corporation, 318-237-0410/
 (SGY)


CO: Stone Energy Corporation ST: Louisiana IN: OIL SU:

MP -- NY028 -- 9764 08/05/93 09:49 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
Words:191
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