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TIDE WEST OIL ANNOUNCES RESULTS

 TIDE WEST OIL ANNOUNCES RESULTS
 HOLDENVILLE, Okla., Jan. 13 /PRNewswire/ -- Tide West Oil Company


(NASDAQ: TIDE) today announced financial results for its fiscal third quarter ended Nov. 30, 1991. Revenues were a quarterly record $2,778,302, up slightly from $2,739,794 in the same quarter a year ago. Operating income was $1,035,844, compared to $1,056,367 a year earlier.
 Net income for the most recent quarter was $705,749, or 6 cents per share, compared to $1,111,805, or 11 cents per share, in the year-earlier period, when approximately 22 percent fewer weighted average shares were outstanding. The most recent quarter included a $397,000 provision for income taxes vs. $18,000 in the same quarter a year earlier.
 Douglas J. Flint, president, commented that the company's volume of oil production increased dramatically during the third quarter, to 121,000 barrels from 81,000 in the year-earlier period. However, average sales prices received for oil declined 34 percent to $20.63 per barrel from $31.32. During the third quarter of last fiscal year, oil prices rose to more than $40 per barrel following Iraq's invasion of Kuwait.
 For the nine months ended Nov. 30, 1991, revenues increased 32 percent to $5,399,954 from $4,100,518 in the year-earlier period. Net income was $1,136,708, or 10 cents per share, compared to $1,480,931, or 15 cents per share on 14 percent fewer weighted average shares outstanding.
 TIDE WEST OIL COMPANY
 Three months ended Nov. 30: 1991 1990
 Revenues $2,778,302 $2,739,794
 Operating income 1,035,844 1,056,367
 Net income 705,749 1,111,805
 Per share $.06 $.11
 Weighted average shares outstanding 12,751,492 9,966,525
 Nine months ended Nov. 30: 1991 1990
 Revenues $5,399,954 $4,100,518
 Operating income 828,460 1,223,181
 Net income 1,136,708 1,480,931
 Per share $.10 $.15
 Weighted average shares outstanding 11,548,114 9,966,525
 -0- 1/13/92
 /CONTACT: Douglas J. Flint, president, or Richard T. Mayhue, secretary/treasurer of Tide West Oil, 405-379-5417, or Larry Howell of Howell Communications, 214-340-9994, for Tide West Oil/
 (TIDE) CO: Tide West Oil Company ST: Oklahoma IN: OIL SU: ERN


TS -- NY021 -- 8979 01/13/92 09:54 EST
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Date:Jan 13, 1992
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