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COMPUTALOG LTD. TO REDEEM SHAREHOLDER RIGHTS PROTECTION PLAN

 CALGARY, May 31 /PRNewswire/ -- Computalog Ltd. of Calgary announces that it is redeeming its shareholder rights protection plan. The rights plan was adopted in May 1990, and unless re-confirmed by a majority of shareholders, would expire in May 1995.
 Computalog provides wireline logging services and designs and manufactures wireline products for the North American and International oil and gas markets.
 -0- 5/31/93
 /CONTACT: Glynn G. Davies, chief operating officer of Computalog Ltd., 403-265-6060/


CO: Computalog Ltd. ST: Alberta IN: SU:

SM -- NY004 -- 3707 05/31/93 13:59 EDT
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Publication:PR Newswire
Date:May 31, 1993
Words:91
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