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SNYDER OIL DECLARES DIVIDENDS

 FORT WORTH, Texas, June 3 /PRNewswire/ -- Snyder Oil Corporation ("SOCO") today declared second quarter dividends to holders of its common and convertible preferred stock. The dividends are payable June 30, 1993 to stockholders of record on June 15, 1993. Dividends are payable at the rate of $.05 per common share and $1.00 per share of $4.00 convertible preferred stock. The initial dividend on the $6.00 convertible preferred stock is payable at the rate of $.29 per depositary share. The dividend on the $6.00 convertible preferred stock has been prorated to reflect the April 20, 1993 issuance date.
 SOCO is engaged in the production, development, acquisition and exploration of oil and gas properties and in natural gas processing and transportation. The company's common and convertible preferred shares are traded on the New York Stock Exchange under the symbols "SNY," "SNY Pr" and "SNY Pr A".
 -0- 6/3/93
 /CONTACT: Patti J. Irwin, vice president of Snyder Oil Corporation, 817-882-5902/
 (SNY)


CO: Snyder Oil Corporation ST: Texas IN: OIL SU: DIV

SM -- NY030 -- 4860 06/03/93 10:07 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:183
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