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DIGICON ANNOUNCES OFFER OF COMMON STOCK

 HOUSTON, Dec. 18 /PRNewswire/ -- Digicon Inc. (AMEX: DGC) announced today that it has offered and sold 4,750,000 shares of its common stock to the public through an underwriting syndicate led by PaineWebber Incorporated and Morgan Keegan & Company, Inc.
 The $18.4 million of net proceeds from the offering will be used for capital expenditures, the retirement of indebtedness and for additional working capital.
 Digicon provides seismic data acquisition and processing services on a worldwide basis to the petroleum industry. The company operates nine seismic survey ships, four land/transition zone seismic crews and 12 data processing centers around the world. Digicon is a Houston-based company whose common stock is listed on the American Stock Exchange under the symbol "DGC".
 -0- 12/18/92
 /CONTACT: Larry E. Lenig Jr., or Allan C. Pogach, both for Digicon Inc., 713-526-5611 or 1-800-DIGICON/
 (DGC)


CO: Digicon Inc. ST: Texas IN: OIL SU: OFR

LR -- NY038 -- 8179 12/18/92 11:40 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:160
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