ADOBE &lt;ADB>, HIGH PLAINS &lt;HPOC> TO MERGE

  Adobe Resources Corp and High Plains Oil
  Corp said they reached an agreement in principle under which
  High Plains will be merged into a unit of Adobe.
      Under terms of the agreement, the companies said each share
  of High Plains common stock not owned by Adobe or held in the
  High Plains treasury will be exchanged for 1.12 shares of newly
  issued Adobe common.
      The exchange, they said, will be made on the effective date
  of the merger, which must be approved by both companies' boards
  and High Plains' shareholders.
  

