St. Mary Land & Exploration Company (NYSE: SM) announced that its Board of
Directors has approved a 2-for-1 stock split, to be effected in the
form of a stock dividend whereby stockholders of record on March 21,
2005, will be issued one additional share of St. Mary common stock for
each share owned as of that date. The additional shares from the stock
dividend are expected to be distributed on or about March 31, 2005.
After the stock dividend there will be approximately 57.2 million
shares of St. Mary common stock outstanding. The Board of Directors
also approved maintaining the regular semi-annual dividend rate of
$0.05 per share of common stock, which on a post-split basis would
effectively double the current regular semi-annual dividend.