MCFARLAND &lt;MCFE> TO BUY PETROMINERALS &lt;PTRO>

  McFarland Energy Inc
  said its board and that of Petrominerals Corp have approved a
  definitive agreement for McFarland to acquire Petrominerals in
  an exchange of stock.
      McFarland said it would exchange one common share for each
  5.4 Petrominerals shares.  McFarland said former holders of
  Petrominerals will have a 25 pct interest in the combined
  company.
      The merger is still subject to approval by shareholders of
  both companies.
  

