Leading index 98.3 r 98.0 60. The unescalated year-end 2004 commodity prices
used for calculating this present value were $6. contact:
Paul Korus, Vice President + CFO
303-295-3995
http://www.

Japan

Japan is an island nation situated off the east coast of the Asian continent.

Fast Facts
Population (July 2003):
127,214,499
Age structure: (2003 est.

capita 906

8 p -0.4 p
Diffusion 66.2 million, was $2.

50cc emanating

-- The leading index was unchanged in February, but there were large
downward revisions to the previous several months, as actual data for
real operating profits for the fourth quarter of 2004 became available.4 percent in
January and decreased 0. Closing is anticipated before the end of the second quarter in 2005,
subject to customary regulatory approvals.4 percent of the combined entity.

This communication contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995.

capita 906

0 50.3 r 101.0 33. Approximately 730.7 Bcfe (73% of the
total) of the Company's year-end 2004 total proved reserves were classified as
proved developed , with approximately 275., located in Irving, TX, is an independent
oil and gas exploration and production company engaged in three principal
activities: (1) the exploration, development and production of crude oil,
condensate and natural gas; (2) the gathering, transmission and marketing of
natural gas; and (3) the managing and operating of producing oil and natural
gas properties for interest owners. In addition,
the documents filed with the SEC may be obtained free of charge (i) at
http: //www.com

8%
Coal16.

945 762

Japan Leading Economic Indicators
and related composite indexes for February 2005

NEW YORK, The Conference Board reports today that
the leading index for Japan was unchanged, and the coincident index decreased
0.8 percent in February.7 p 98.0 p -0.a. (ET)
In Japan -- May 11, 2005 at 10:00 A.
As a result of the merger transaction and based on the 87."

About Magnum Hunter Resources, Inc. current expectations and beliefs and are subject to a number
of risks, uncertainties and assumptions that could cause actual results to
differ materially from those described in the forward-looking statements.

55 Trillion US Dollars; per capita $28,000
Official Unemployment Rate (2000)
5.

392 emanating

Holding steady in February, the leading index now stands at 98. During the six-month span
through February, the index decreased 0.M.
Cimarex shareholders would own 53.

906 529

1 percent average rate in the previous
two quarters. During the six-month span
through February , the index declined 0.4 p
Diffusion 45.M.4 Bcfe (70%
natural gas) represents a 10% increase over the Company's 2003 production of
73.19 per MMbtu for natural gas
and $43. Its operations are concentrated in the
Permian Basin of West Texas and New Mexico, the Gulf of Mexico and in the Mid-
Continent and Gulf Coast areas of the U., phone: 972-401-0752, fax:
972-443-6487 .

capita 588

COINCIDENT INDICATORS.8 percent decline in February, the coincident index now stands
at 100.

About Cimarex Energy
Cimarex Energy Co.gov .

)

0-14 years: 14.

6% (male 9,945,638; female 13,774,392)

Official Language:
Japanese
Capital:
Tokyo
Currency:
Yen (JPY, , )
Political System:
Parliamentary Democracy
Gross Domestic Product (PPP, 2002 est.

392 852

All six components that make up the coincident
index decreased in February.0 p -0.1 Bcfe (68% natural gas). More
important though, is how this success should continue to augment the growth
profile of the new combined corporate structure of Cimarex Energy and Magnum
Hunter when the merger of our two companies is completed this year.sec.

This category is for English web sites emanating from and relating to Japan.

214 50cc

2 percent in December. Feb. (NYSE: MHR) disclosed today its total proved reserves at
December 31, 2004, as fully engineered by the Company's independent petroleum
consultants, DeGolyer and MacNaughton and Cawley Gillespie + Associates, Inc.5 years from 11.

Recent Announcement To Be Acquired by Cimarex Energy
On January 26, 2005, Magnum Hunter and Cimarex Energy Co.1 million Magnum
Hunter common shares currently outstanding, Cimarex expects to issue
approximately 36. contact:
Howard Tate, Vice President of Capital Markets
972-401-0752
http://www.

686 trillion

LEADING INDICATORS.2 percent in December. Based on revised data, this index increased 1.3 percent).
On a gas equivalent basis, total proved reserves were 1 .
Under the terms of the proposed agreement, Magnum Hunter shareholders will
receive 0. Evans , President and Chief Executive Officer, stated, "Our
Company was again successful at 'bucking the trend' throughout our industry by
growing its proved reserves over 20% to an important milestone of just over
one trillion cubic feet equivalent.

41 years
Marriage and Divorce Rates (2000):
Marriages: 7.

expectancy 588

The data series used to compute the two composite
indexes reported in this release are those available "as of" 5:00 P.9 Bcfe (27% of the total) classified
as proved undeveloped.
Magnum Hunter's calendar year 2004 production estimate of 80.5 years at year-end 2003.6 Bcfe at December 31 , 2004
had a net present value (discounted at 10%) before federal income taxes, of
approximately $2.0 billion. The merger is expected to be non-taxable to the
shareholders of both companies. Its principal operations offices
are located in Tulsa, New Orleans and Houston.

5%
Geothermal0.

emanating trillion

As a result, the leading index has declined slightly over the last six
months, well below the 1. Five of the ten components that make up the
leading index declined in February.

DATA AVAILABILITY. Aug.2 r +0. Not available p Preliminary r Revised
Indexes equal 100 in 1990
Source: The Conference Board

The next release of the Japan Composite Indexes is scheduled for
May 10, 2005 at 9:00 P. (JST)

Of these 175 new wells drilled
during fiscal-year 2004, 167 (137 development and 30 exploratory ) were deemed
successful and 8 (2 developmental and 6 exploratory) were plugged and
abandoned, which provided for an overall success rate of 95% (99%
developmental success and 83% exploratory success)., headquartered in Denver, CO, is an independent oil and
gas exploration and production company with operations focused in the Mid-
Continent and Gulf Coast areas of the U.

Additional Information About the Acquisition and Where to Find It:
In connection with the proposed acquisition , Cimarex and Magnum Hunter
will file relevant materials with the SEC, including one or more registration
statement(s) that contain a prospectus and a joint proxy statement. Investors and security holders may obtain these
documents (and any other documents filed by Cimarex and Magnum Hunter with the
SEC ) free of charge at the SEC's website at http://www. Investors and security holders are urged to read the joint
proxy statement/prospectus and the other relevant materials when they become
available before making any voting or investment decision with respect to the
proposed acquisition.

jpy 028

-- Real GDP increased at a 0.4 percent, and two of the six
components advanced (diffusion index , six-month span equals 33. The Company successfully added approximately
248. (NYSE: XEC)
announced that their respective boards of directors had approved an agreement
and plan of merger that provides for the acquisition of Magnum Hunter by
Cimarex. These statements are based on Cimarex Energy Co .magnumhunter.

1%

Time Zone:
GMT+9 (JST)
International Country Code:
+81
Internet top -level domain name:
jp

jpy 906

3 p 100.5 p
Percent Change +0.2 r +1.

Full-Year 2004 Finding and Development Costs
The unaudited all sources finding and development cost for total proved
reserves added by the Company during fiscal 2004, based upon total capital
expenditures of approximately $523.46 per Bbl for crude oil, before adjustments for pertinent pricing
differentials.415 shares of Cimarex common stock for each share of Magnum Hunter
common stock that they own. We were able to replace over 300% of our
production and grew daily oil and gas production by 10% in 2004. Cimarex
and Magnum Hunter assume no obligation and expressly disclaim any duty to
update the information contained herein except as required by law. Information about the executive officers and directors of Magnum
Hunter and their ownership of Magnum Hunter common stock is set forth in the
proxy statement for their 2004 Annual Meeting of Stockholders, which was filed
with the SEC in August 2004.

2/100,000 persons
Number of Non-Japanese Residents (2000)
1,686,444
Religion:

Shintoism49%
Buddhism45%
Christianity1%
Other religions5%

Total Primary Energy Supply (FY1995; 588 million kl crude oil equivalent)

Petroleum55.

8%
Hydro3.

499 capita

Summary Table of Composite Indexes

2004 2005 6-month
Dec.

Magnum Hunter Announces Year-End 2004 Proved Reserves of 1.01 Tcfe a 20% Increase Over Previous Year

Since entering the Gulf
of Mexico in 1999, Magnum Hunter has successfully completed 109 wells out of
132 new wells attempted , for an overall success rate of 83%.S.com or (ii) by directing a
request to Mary Kay Rohrer, Assistant Corporate Secretary, Cimarex Energy Co.

The nation's roughly 7,000 islands extend in an arc of about 3,000 km northeast to southwest.

5%
Nuclear12%
Natural Gas 10.

trillion 864

The negative contributors to the index --
in order from the largest negative contributor to the smallest -- include new
orders for machinery and construction*, the Tankan business conditions survey,
the index of overtime worked , real operating profits*, and the six month
growth rate of labor productivity.0 percent
in January and increased 0.M. ET
April 4, 2005.

Participants in the Solicitation:
Cimarex , Magnum Hunter and their respective executive officers and
directors may be deemed to be participants in the solicitation of proxies from
the stockholders of Cimarex and Magnum Hunter in favor of the merger.magnumhunter.

529 906

The positive contributors to the index -- in
order from the largest positive contributor to the smallest -- include the
(inverted) business failures, yield spread, stock prices , dwelling units
started, and real money supply. Based on revised data, this index was increased 0.1 million barrels ("MBbl's") of crude oil and
natural gas liquids (39% of the total).6 percent and Magnum Hunter shareholders
will own 46. and Magnum Hunter
Resources, Inc. Because forward -looking statements involve risks
and uncertainties, actual results and events may differ materially from
results and events currently expected by Cimarex and Magnum Hunter.

FOR FURTHER INFORMATION CONTACT

Magnum Hunter Resources, Inc.

588 214

The Conference Board(R) Japan Business Cycle Indicators(SM)

5 percent long-term average growth rate.5 percent annual rate in the fourth quarter
of 2004 after declining at a 1.7
(1990=100).4 percent, and four of ten components
advanced (diffusion index, six-month span equals 40. The negative contributors to the index -- in
order from the largest negative contributor to the smallest -- include
industrial production, number of employed persons, real wholesale sales, real
retail sales, wage and salary income*, and real manufacturing sales*.5 (1990=100).0 40.7 83.
The Company's 2004 year-end total proved reserves of 1.4 Bcfe of total proved reserves reported by Magnum
Hunter at December 31, 2003.

2004 Drilling Results
Magnum Hunter participated in the drilling of 175 new wells during the
twelve months ended December 31, 2004, of which 139 were classified as
development and 36 were deemed exploratory. On that basis, it is anticipated that after closing, the
combined company would have approximately 78 million basic shares outstanding.

Total land area, if the Northern Territories are included, is 377,864 km2.

4% (male 9,368,132; female 8,906,024)
15-64 years: 67% (male 42,852,204; female 42,368,109)
65 years and over: 18.

529 499

Five of the ten components that make up the leading
index increased in February.7 p
Percent Change -0.3

n.01 Tcfe represents
a 20% increase over the 838.,
phone: 303-295-3995, fax: 303-295-3494; or Morgan F.com

Cimarex Energy Co.

Japanese language websites must be submitted to World: Japanese .

50cc 686

Some series are estimated as noted below. Jan.3 0.01 trillion cubic feet
equivalent ("Tcfe"), comprised of 610.1 billion cubic feet ("Bcf") of natural
gas (61% of the total) and 66 .6 Bcfe of total proved reserves during 2004 from all sources, which
replaced 309% of the approximately 80.4 Bcfe in production.

Management Comments
Commenting on Magnum Hunter's reserve numbers and production growth for
2004, Mr.S. Investors
and security holders of Cimarex and Magnum Hunter are urged to read these
documents (if and when they become available) and any other relevant documents
filed with the SEC, as well as any amendments or supplements to those
documents, because they will contain important information about Cimarex,
Magnum Hunter and the merger.
Information about the executive officers and directors of Cimarex and their
ownership of Cimarex common stock is set forth in the proxy statement for its
2004 Annual Meeting of Stockholders, which was filed with the SEC in
April 2004.

2%
Others1.

adulthood 024

With the 0.

Notes: The series in the leading index that are based on The Conference
Board estimates are real operating profits and six month growth rate of labor
productivity. Replacement of 309% of 2004 Production

Year-Over-Year Production Up 10%

IRVING, Texas, Magnum Hunter Resources,
Inc. Gary C.cimarex.

)
3.

63 years; Women: 84.

1/1000 persons, total 762,028; Divorces: 2/1000 persons, total 250,529
National Suicide Rate (2000):
14.

864 686

Before-Tax PV-10% Calculation
Magnum Hunter's total proved reserves of 1,006. In addition to the merger consideration and
prior to closing, Magnum Hunter intends to distribute its ownership interest
in TEL Offshore Trust (Nasdaq: TELOZ) to its common stockholders as a special
dividend.1 million common shares to Magnum Hunter's common
stockholders. Johnston, Corporate
Secretary, Magnum Hunter Resources, Inc. Investors and security holders may obtain more
detailed information regarding the direct and indirect interests of Cimarex,
Magnum Hunter and their respective executive officers and directors in the
merger by reading the joint proxy statement/prospectus when it becomes
available.

762 686

At
the same time, the strengths and weaknesses among the leading
indicators have become somewhat more balanced in recent months.0 percent). The Company's reserves life index at year-end
2004 increased by one year to 12.11 per Mcfe.
Magnum Hunter Resources, Inc.

4% (NB: If calculated by western methods, could be double)
Number of Households (2000):
46,376,000
Legal Age of Adulthood:
20 years old
Legal age for Driving:
18 years for cars/motorcycles, 16 for 50cc scooters
Life Expectancy (2003)
Men: 77.

jst trillion

The slight decline in the leading index in recent months
suggests that a sluggish rate of economic growth should continue in the
near term. The series in the coincident index that are based on The
Conference Board estimates are real manufacturing sales and wage and salary
income. to Feb.4 p 0.0

Coincident Index 100.
Risks, uncertainties and assumptions include 1) the possibility that the
companies may be unable to obtain stockholder or regulatory approvals required
for the acquisition; 2) the possibility that problems may arise in
successfully integrating the businesses of the two companies; 3) the
possibility that the acquisition may involve unexpected costs; 4) the
possibility that the combined company may be unable to achieve cost-cutting
synergies; 5) the possibility that the businesses may suffer as a result of
uncertainty surrounding the acquisition; 6) the possibility that the industry
may be subject to future regulatory or legislative actions; 7) the volatility
in commodity prices for oil and gas; 8) the presence or recoverability of
estimated reserves; 9) the ability to replace reserves; 10) environmental
risks; 11) drilling and operating risks; 12) exploration and development
risks; 13) competition; 14) the ability of management to execute its plans to
meet its goals and other risks that are described in SEC reports filed by
Cimarex and Magnum Hunter.

emanating adulthood

---

- - kjjkjk

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