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PERMIAN BASIN ROYALTY TRUST MAKES ANNOUNCEMENT

 FORT WORTH, Texas, Aug. 30 /PRNewswire/ -- Permian Basin Royalty Trust ("Trust") (NYSE: PBT) today announced that the Trust is expressing no opinion and is remaining neutral toward the tender offer commenced by Southland Royalty Company ("Southland") on Aug. 17, 1993. Southland, owner of 15,390,576 units or approximately 33 percent of the total outstanding units, is offering to purchase for cash any and all units of Beneficial Interest of the Trust at a price of $4.85 per unit net from the holders of units ("unit holders").
 The Trust is mailing to unit holders copies of the Schedule 14D-9, without exhibits, filed today by the Trust with the Securities and Exchange Commission together with a cover letter from the Trustee. The Trust recommends that unit holders read the Schedule 14D-9 for a more detailed explanation of the Trust's position.
 -0- 8/30/93
 /CONTACT: Pamela J. Bradley, assistant vice president and trust officer, NationsBank of Texas, N.A., 817-390-6905/
 (PBT)


CO: Permian Basin Royalty Trust; Southland Royalty Company ST: Texas IN: OIL SU:

TS -- NY025 -- 6974 08/30/93 09:22 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
Words:183
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