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TIDE WEST OIL COMPANY COMPLETES OFFERING OF 3,450,000 COMMON SHARES

 TULSA, Okla., March 17 /PRNewswire/ -- Tide West Oil Company (NASDAQ: TIDE) today announced that it has completed its public offering of 3,450,000 common shares at $10.00 per share, including the exercise of the underwriters' 450,000-share over-allotment option. The Company said approximately 9.9 million common shares are outstanding after the offering. PaineWebber Incorporated and Howard, Weil, Labouisse, Friedrichs Incorporated acted as representatives of the underwriters.
 Net proceeds to the Company of approximately $32.0 million will be used to reduce indebtedness incurred under the Company's revolving credit facility and for general corporate purposes, including the acquisition of oil and gas properties.
 Tide West Oil Company is engaged in the acquisition, development and production of oil and gas properties.
 -0- 3/17/93
 /CONTACT: Philip B. Smith, president of Tide West Oil Company, 918-488-8962; or Larry Howell of Howell Communications, Inc., 214-340-9994, for Tide West Oil Company./
 (TIDE)


CO: Tide West Oil Company ST: Oklahoma IN: OIL SU: OFR

LR -- NY025 -- 6933 03/17/93 09:58 EST
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Publication:PR Newswire
Date:Mar 17, 1993
Words:171
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