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CODA ENERGY REGISTRATION OF COMMON STOCK DECLARED EFFECTIVE

 DALLAS, Sept. 22 /PRNewswire/ -- Coda Energy, Inc. (NASDAQ-NMS: CODA) announced today that its registration statement covering 6 million shares of Common Stock, $.02 par value, has been declared effective by the Securities and Exchange Commission and the offering has commenced. The Common Stock will be offered to the public at $5.75 per share. The underwriters' discount is $0.345 per share. Of the 6 million shares of Common Stock registered, 5,888,750 are being sold by Coda Energy and 111,250 shares are being sold by certain selling stockholders. The offering is being managed by A.G. Edwards & Sons, Inc. and Johnson Rice & Company and a final prospectus relating to the offering may be obtained from them.
 Approximately $13.1 million of the net proceeds to Coda Energy from the offering, estimated at $31.3 million, will be used in connection with certain recent acquisitions of oil and natural gas assets, and the balance to repay indebtedness under an existing credit facility.
 Coda Energy, Inc. is an oil and gas acquisition, exploitation, development and production company headquartered in Dallas, with principal operations in Texas and Oklahoma. The company's stock is traded on the NASDAQ National Market System under the symbol CODA.
 Additional information about Coda Energy, Inc. should be obtained by contacting the company's president Ted Eubank, at Coda's headquarters, 5735 Pineland Drive, Suite 300, Dallas, TX 75231, 214-692-1800 or 800-486-2632.
 -0- 9/22/93
 /CONTACT: Douglas H. Miller or T.W. Eubank of Coda Energy, Inc., 214-692-1800 or 800-486-2632/
 (CODA)


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

SM -- DE017 -- 4737 09/22/93 13:30 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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