Exhibit 99.1



  Alliance Resources Plc & LaTex Resources, Inc. Announce Completion of Merger

TULSA,  Okla., April 30 -- Alliance Resources Plc, which is traded on the London
Stock Exchange,  and LaTex Resources,  Inc.  (Nasdaq:  LATX) today announced the
completion of the merger of LaTex with a wholly-owned subsidiary of Alliance.

As a result of the Merger,  after giving effect to a 40-to-1 reserve stock split
of the Alliance shares, each LaTex shareholder at the close of business on April
30, 1997,  will receive  0.85981 of a new Alliance share for each share of LaTex
Common  Stock then held,  2.58201  new  Alliance  shares for each share of LaTex
Series A stock then held,  6.17632 new  Alliance  shares for each share of LaTex
Series B stock then held,  and a warrant to purchase  0.85981 of a new  Alliance
share for each share of LaTex Common Stock  subject to warrants  issued by LaTex
then held.

Alliance  has also  issued  new  Alliance  shares,  convertible  loan  notes and
warrants  to LaTex's  bank in payment of  certain  fees and in  exchange  for an
overriding  royalty  interest  held by the bank.  As a result of the  merger and
related  transactions,  Alliance has  outstanding  approximately  31,052,603 new
Alliance  shares,  warrants to purchase up to 3,138,946 new Alliance  shares and
convertible loan notes convertible into 1,078,125 new Alliance shares.

After the close of business on April 30, 1997,  no transfer of LaTex shares will
be effected.  As soon as practicable,  a letter of transmittal will be mailed to
all holders of LaTex shares to be used by those holders in  surrendering  to the
transfer agent of Alliance their stock  certificates  representing  LaTex shares
and to receive in exchange  certificates  representing new Alliance shares.  The
new Alliance shares will be listed on the London Stock Exchange under the symbol
"ARS." Quotations for the new Alliance shares are anticipated to be available in
the daily US edition of the Financial Times.  Investors may place orders for the
purchase or sale of the shares through most licensed broker dealers in the US.

The  merger  and  related  transactions  are  intended  to create an oil and gas
exploration,  development  and production  company with greater  opportunity for
growth through domestic  acquisitions and  participation in foreign  concessions
than either of the companies  could achieve  separately.  Management of Alliance
intends to focus  particularly on the  opportunities  in the United States,  the
former Soviet Union and the Middle East.

SOURCE LaTex Resources, Inc.

CORPDAL:65939.1 30122-00002