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COMPUTALOG LTD. ANNOUNCES SIX MONTHS RESULTS

 COMPUTALOG LTD. ANNOUNCES SIX MONTHS RESULTS
 CALGARY, Alberta, Aug. 10 /PRNewswire/ -- Computalog Ltd.


(Toronto: CGH) of Calgary announced today the results of its operations for the six months ended June 30, 1992.
 COMPUTALOG LTD.
 Financial Summary
 Six Months to June 30, 1992 1992 Year ago
 Revenue $27,874 $44,484
 Loss from continuing operations
 before reorganization costs
 and equity losses (5,710) (3,928)
 Reorganization costs (576) (17,085)
 Equity losses --- (94)
 Loss from continuing operations
 before income taxes and
 minority interest (6,286) (21,107)
 Income Tax Expense (8) (4,016)
 Minority Interest 335 ---
 Loss from continuing operations (5,959) (25,123)
 Loss from discontinued operations --- (1,078)
 Loss on disposal of discontinued
 operations --- (596)
 Net loss (5,959) (26,797)
 Net loss/share - continuing operations ($0.22) ($0.93)
 Total ($0.22) ($0.99)
 Three months to June 30, 1992 1992 Year ago
 Revenue $11,530 $18,223
 Loss from continuing operations
 before reorganization costs and
 equity losses (4,658) (4,490)
 Reorganization costs (76) (17,085)
 Equity losses --- 47
 Loss from continuing operations
 before income taxes and minority
 interest (4,734) (21,528)
 Income tax expense --- (3,251)
 Minority interest --- ---
 Loss from continuing operations (4,734) (24,779)
 Loss from discontinued operations --- (1,071)
 Loss on disposal of discontinued
 operations --- (803)
 Net loss (4,734) (26,653)
 Net loss/share - continuing operations ($0.18) ($0.92)
 Total ($0.18) ($0.99)
 Figures in brackets are losses. Year-ago figures have been restated to conform to current years presentation.
 Reorganization costs included charges associated with staff reductions and other asset revaluations. Year-ago reorganization costs also include charges associated with manufacturing inventory revaluation and expensing cumulative research and development costs previously capitalized.
 Operating and general and administration expense have been reduced by approximately 34 percent from the levels incurred in 1991.
 The loss for the six months ended June 30, 1992, from continuing operations, includes research and development expense of $1,018, whereas in the prior year, such costs were capitalized in the amount of $1,815.
 Computalog provides oilfield services to the Canadian, United States and international markets.
 -0- 8/10/92
 /CONTACT: Glynn G. Davies, COO, or Leonard A. Cornez, corporate controller, of Computalog Ltd., 403-265-6060/
 (CGH.) CO: Computalog Ltd. ST: Alberta IN: OIL SU: ERN


LS-JL -- LA027 -- 8743 08/10/92 18:54 EDT
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Date:Aug 10, 1992
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