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CODA ENERGY INCREASES RESERVES 42 PERCENT

 DALLAS, Feb. 2 /PRNewswire/ -- Coda Energy, Inc. (NASDAQ-NMS: CODA) announced today a 42 percent increase in its reserves at year-end 1992 vs. 1991 as a result of its acquisition and development programs. Total proven reserves increased from 13.7 million to 19.4 million equivalent barrels. The company also experienced a 45 percent increase in SEC reserve values to $89.4 million from $61.6 million.
 Ted Eubank, Coda's president and chief operating officer stated that "during the year the company acquired and developed 6.8 million equivalent barrels and produced 1.2 million equivalent barrels resulting in a 570 percent reserve replacement. Because of our focused acquisition and exploitation program, we expect to experience very aggressive reserve replacement in future years."
 Coda Energy, Inc. is an oil and gas acquisition, development and production company headquartered in Dallas, Texas with principal operations in Texas, Colorado and Oklahoma. The company's stock is traded on the NASDAQ National Market System under the at Coda's headquarters, 9400 N. Central Expressway, Lock Box 187, Dallas, Texas 75231, telephone 214-692-1800 or 800-486-2632.
 -0- 2/2/93
 /CONTACT: Douglas H. Miller or T. W. Eubank, president, 214-692-1800, both of Coda Energy, Inc/
 (CODA)


CO: Coda Energy, Inc. ST: Texas IN: OIL SU:

WB -- NY019 -- 1769 02/02/93 10:50 EST
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Publication:PR Newswire
Date:Feb 2, 1993
Words:215
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