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NORTH CANADIAN OILS DECLARES DIVIDENDS

 CALGARY, Alberta, Nov. 19 /PRNewswire/ -- North Canadian Oils Ltd. today announced that the regular semi-annual dividend of Cdn. $0.10 per share on the Common Shares and regular quarterly dividend of Cdn. $0.50 per share on the Class B Preferred Shares, Series 6, have been declared payable on Dec. 31, 1993, to shareholders of record on Dec. 15, 1993.
 On Nov. 9, 1993, North Canadian issued notice to call the outstanding Class B Preferred Shares, Series 7, for redemption on Dec. 10, 1993. The shares will be redeemed at $25.00 per share plus accrued dividends of $0.36 per share to the redemption date.
 -0- 11/19/93
 /CONTACT: Theresia Reisch, Corporate Secretary, 403-231-0097/
 (NCO.)


CO: North Canadian Oils Ltd. ST: Alberta IN: OIL SU: DIV

LM-LS -- LA004 -- 6410 11/19/93 09:15 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:137
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