SAMEDAN BUYS GULF OF MEXICO PRODUCTION

Samedan Oil Corp. has expanded its inventory of producing leases in the Gulf of Mexico. The wholly owned subsidiary of Noble Affiliates Inc., Ardmore, Okla., paid undisclosed sums to Marathon Oil Co., Amerada Hess Corp., Louisiana Land & Exploration Co., and Phillips Petroleum Co. for a full working interest in Main Pass 305/306 oil field. Samedan also paid an undisclosed amount of money to Marathon and Amerada Hess for the remaining 62.5% working interest in its High Island A480 lease.

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