Vintage Petroleum Announces Extension of Its Offer to Acquire Genesis Shares

Apr 20, 2001, 01:00 ET from Vintage Petroleum, Inc.

    TULSA, Okla. and CALGARY, Alberta, April 20 /PRNewswire Interactive News
 Release/ -- Vintage Petroleum, Inc. (NYSE:   VPI) announced today that it has
 extended its offer to acquire Genesis Exploration Ltd. ("Genesis") in order to
 permit additional time for the regulatory approvals to be obtained.  Through
 its subsidiary, Vintage Acquisition Corp., notice has been provided to the
 depositary under the Offer to purchase all of the issued and outstanding
 common shares of Genesis and to extend the expiration date of the Offer to
 5:00 p.m. (Mountain Standard Time) on May 1, 2001.  Vintage has received an
 advance ruling certificate pursuant to the Competition Act and believes that
 the remaining regulatory approvals will be obtained on a timely basis.
     "We are very pleased with the response received from Genesis
 shareholders," said S. Craig George, CEO of Vintage.  "We look forward to
 completion of the transaction in the near future."
     Additional information pertaining to the Offer may be obtained from
 Computershare Trust Company of Canada, the Depositary, at its toll free number
 (1-800-558-0046) or Peters & Co. Limited of Calgary, Alberta, the Dealer
 Manager, at its toll free number (1-800-563-4544).
     Vintage Petroleum, Inc. is an independent energy company engaged in the
 acquisition, exploitation and exploration and development of oil and gas
 properties and the marketing of natural gas and crude oil.  The company is
 headquartered in Tulsa, Oklahoma, and its common shares are traded on the New
 York Stock Exchange under the symbol VPI.
 
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SOURCE Vintage Petroleum, Inc.
    TULSA, Okla. and CALGARY, Alberta, April 20 /PRNewswire Interactive News
 Release/ -- Vintage Petroleum, Inc. (NYSE:   VPI) announced today that it has
 extended its offer to acquire Genesis Exploration Ltd. ("Genesis") in order to
 permit additional time for the regulatory approvals to be obtained.  Through
 its subsidiary, Vintage Acquisition Corp., notice has been provided to the
 depositary under the Offer to purchase all of the issued and outstanding
 common shares of Genesis and to extend the expiration date of the Offer to
 5:00 p.m. (Mountain Standard Time) on May 1, 2001.  Vintage has received an
 advance ruling certificate pursuant to the Competition Act and believes that
 the remaining regulatory approvals will be obtained on a timely basis.
     "We are very pleased with the response received from Genesis
 shareholders," said S. Craig George, CEO of Vintage.  "We look forward to
 completion of the transaction in the near future."
     Additional information pertaining to the Offer may be obtained from
 Computershare Trust Company of Canada, the Depositary, at its toll free number
 (1-800-558-0046) or Peters & Co. Limited of Calgary, Alberta, the Dealer
 Manager, at its toll free number (1-800-563-4544).
     Vintage Petroleum, Inc. is an independent energy company engaged in the
 acquisition, exploitation and exploration and development of oil and gas
 properties and the marketing of natural gas and crude oil.  The company is
 headquartered in Tulsa, Oklahoma, and its common shares are traded on the New
 York Stock Exchange under the symbol VPI.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X76245422
 
 SOURCE  Vintage Petroleum, Inc.