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                SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.

Litigation Release No. 14996 / July 31, 1996

Securities and Exchange Commission v. Cayman Resources
Corporation Case No. 96-CV-00968 (D.D.C.) (filed April 26, 1996)

     On July 24, 1996, the United States District Court for the
District of Columbia entered a Final Judgment against Cayman
Resources Corporation ("Cayman") of Tulsa, Oklahoma.  Cayman
consented to the entry of the Final Judgment and admitted that it
had failed to file six periodic reports, failed to file timely
three periodic reports and failed to file six Notifications of
Late Filing on Form 12b-25.

     The Final Judgment enjoins Cayman from violating Section
13(a) of the Securities Exchange Act of 1934 and Rules 12b-25,
13a-1 and 13a-13 thereunder and requires Cayman to file its
Annual Report on Form 10-K for the fiscal year ended December 31,
1994, by August 15, 1996, its Annual Report on Form 10-K for the
fiscal year ended December 31, 1995 by August 31, 1996 and its
Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 1996 by September 15, 1996.