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NOBLE AFFILIATES ANNOUNCES JOINT VENTURE AGREEMENT FOR TUNISIAN CONCESSIONS

 ARDMORE, Okla., Dec. 31 /PRNewswire/ -- Noble Affiliates, Inc. (NYSE: NBL) today announced its subsidiary has entered into a participation agreement, subject to the approval of the Tunisian government, with a wholly owned subsidiary of Neste Oy of Finland, which covers six Tunisian concessions and one exploration license held by Samedan of Tunisia, Inc., a subsidiary of Noble Affiliates.
 In exchange for participating in certain drilling and seismic expenditures, Neste will earn one-half of Samedan of Tunisia's working interest in the Tazerka, Isis, Cosmos, Yasmin, Birsa and Oudna concessions. Neste will also earn one-half of Samedan of Tunisia's working interest in the 1.2 million acre Cap Bon Marin Exploration Permit, which was acquired by Samedan of Tunisia in 1991.
 Subsequent to the Neste assignment, Samedan of Tunisia will hold the following participating interests in the concessions and license: Tazerka - 40 percent; Isis - 31 percent; Birsa - 50 percent; Oudna - 50 percent; Yasmin - 50 percent; Cosmos - 33-1/3 percent; and Cap Bon Marin - 50 percent.
 During the next 12 months, the participants plan to drill a well on each of the Tazerka and Oudna concessions and conduct a 3-D seismic grid over the Isis concession. Samedan of Tunisia will conduct the operations on behalf of the participants.
 Noble Affiliates, Inc. is an independent energy company with exploration and production operations throughout major basins in the United States, including the Gulf of Mexico, as well as international operations primarily in Canada, Tunisia, Indonesia and Equatorial Guinea.
 Its common stock is listed on the NYSE under the symbol "NBL."
 -0- 12/31/92
 /CONTACT: William D. Dickson of Noble Affiliates, 405-223-4110/
 (NBL)


CO: Noble Affiliates, Inc. ST: Oklahoma IN: OIL SU: TNM

SH -- NY010 -- 0867 12/31/92 11:07 EST
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Publication:PR Newswire
Date:Dec 31, 1992
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