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DUAL DRILLING FILES REGISTRATION STATEMENT FOR DEBT OFFERING

 DALLAS, Dec. 10 /PRNewswire/ -- Dual Drilling Company (NASDAQ-NMS: DUAL) announced today it has filed a registration statement with the Securities and Exchange Commission for the proposed sale of $100 million of senior subordinated notes due 2004. The offering will be underwritten by Merrill Lynch & Co and CitiCorp Securities, Inc. Funds from the sale of the notes will be used to repay existing debt and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Dual Drilling Company is a leading offshore drilling contractor operating 11 jackup and 10 platform rigs providing services to domestic and international oil and gas companies. The company is headquartered in Dallas and its stock is traded on the NASDAQ National Market System.
 -0- 12/10/93
 /CONTACT: Raymond J. Wilson, manager of financial planning, or Larry E. Hanks, corporate counsel, both of Dual Drilling Company, 214-373-6200/
 (DUAL)


CO: Dual Drilling Company ST: Texas IN: OIL SU: OFR

PS -- NY064 -- 2703 12/10/93 14:17 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:251
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