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TIDE WEST OIL COMPANY FILES REGISTRATION STATEMENT

 TULSA, Okla., Jan. 15 /PRNewswire/ -- Tide West Oil Company (NASDAQ: TIDE) announced today it filed a registration statement with the Securities and Exchange Commission concerning the public offering of 3,150,000 shares of its common stock. The offering is expected to occur subsequent to consummation of the recently announced one-for-ten reverse split of its common stock. The company plans to offer 3,000,000 shares, and 150,000 shares will be offered by a stockholder.
 Net proceeds to the company will be used to reduce a portion of the indebtedness incurred to consummate three recent acquisitions which more than doubled the company's proved reserves, and to facilitate any new acquisitions of producing oil and gas properties.
 PaineWebber Incorporated is the managing underwriter of the offering.
 Tide West Oil Company is engaged in the acquisition, development and production of oil and gas properties.
 The 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 release shall not constitute an offer to sell or a 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.
 -0- 1/15/93
 /CONTACT: Philip B. Smith, president of Tide West Oil Company, 918-488-8962, or Larry Howell of Howell Communications, Inc., 214-340-9994, for Tide West Oil Company/
 (TIDE)


CO: Tide West Oil Company ST: Oklahoma IN: OIL SU: OFR

TM -- NY070 -- 5606 01/15/93 18:46 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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