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To: Seeker who wrote (19844)	5/20/1998 9:08:00 PM
From: Rock_nj	Respond to of 34592

Here's the XRXA News Release. Another News Release Is Expected Late Next Week. FOR IMMEDIATE RELEASE Contact: Bruce Pollock Jnvestor Relations (281)216-8726 ARXA INTERNATIONAL ENERGY, INC. ANNOUNCES MAJOR ACQUISITION HOUSTON, TX~May 20, 1998 ARXA International Energy, Inc. (NASD:OTC--ARXA) announced today that it has entered into a binding letter of intent to acquire for stock and cash certain producing assets of OPMI Operating Company, Inc. and Todd C. Harwell individually. All of the production and prospects being acquired are in the Texas and Louisiana state waters and the Gulf Coast region. ARXA will develop and operate the properties in conjunction with OPMI and Mr. Harwell. Craig Ford, President and CEO of ARXA, stated that "the production being acquired will double both the asset base and cash flow of the company". Mr. Ford went on to explain that "by the terms of the agreement with OPMI and Mr. Harwell, ARXA will provide capital for numerous reduced-risk exploitation and development opportunities with the potential for adding significant additional value to the company. The OPMI acquisition and exploitation agreement will serve as a blue print for deals in the immediate future to rapidly grow the producing reserve and cash flow base of the company consistent with our short term corporate growth strategy." In addition to the acquisition announced today, ARXA also announced the opening of discussions with Reserve Guaranty Corporation and Omega Fuels for new production acquisitions and development opportunities under similar terms and conditions as the OPMI agreement.