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TORCH ENERGY ADVISORS PURCHASES TRITON DOMESTIC PROPERTIES FOR APPROXIMATELY $18.6 MILLION

 HOUSTON, Aug. 30 /PRNewswire/ -- Torch Energy Advisors Inc. (Torch) today announced the purchase of a substantial portion of Triton Energy Corp.'s (NYSE: OIL) domestic oil and gas properties for approximately $18.6 million.
 The effective date of the transaction was Jan. 1, 1993.
 Torch's purchase consists of interests in approximately 60 wells in six states and represents most of Triton's domestic oil and gas properties. Net daily production from the purchased interests is approximately 1400 BOE. Fiscal 1993 year-end reserves were approximately 2.8 million BOE.
 Torch, headquartered in Houston, is a subsidiary of United Investors Management Co. (NYSE: UTD) which is a subsidiary of Torchmark Corp. (NYSE: TMK), a Birmingham, Ala.-based insurance and financial services holding company. As a registered investment advisor, Torch provides management and advisory services for institutional investors and manages approximately $1.3 billion in assets.
 -0- 8/30/93
 /CONTACT: Molly C. Jones, communications director of Torch Energy Advisors, 713-753-1343/
 (OIL UTD TMK)


CO: Torch Energy Advisors Inc.; Triton Energy Corporation ST: Texas IN: OIL SU: TNM

RA-BN -- AT004 -- 6969 08/30/93 09:19 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
Words:183
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