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TIDE WEST OIL INITIATES PROGRAM FOR HOLDERS OF SHARES IN ODD LOTS

 TULSA, Okla., June 15 /PRNewswire/ -- Tide West Oil Company (NASDAQ: TIDE) announced today it has initiated a program enabling holders of less than 100 shares of common stock, or odd lots, to sell their stock in the open market at current market prices or to buy additional shares at current market prices in order to round up to an even 100 shares. Stockholders tendering their stock or purchasing additional shares will not be subject to any sales commissions or fees. Stockholders of record or beneficially as of June 8, 1993, are eligible to participate in the program, which is scheduled to expire on July 23, 1993, unless extended by the company. Tide West said less than one-half of 1 percent of its 9.9 million issued and outstanding shares are held of record in odd lots, representing approximately 1,250 stockholders of record.
 The program will be managed by Disston Associates Inc. of Stamford, Conn.
 Tide West Oil Company is an independent oil and gas company focused on the acquisition and enhancement of producing oil and gas properties.
 -0- 6/15/93
 /CONTACT: Philip B. Smith, president, or Douglas J. Flint, vice president - operations of Tide West Oil Company, 918-488-8962; or Larry Howell of Howell Communications, Inc., 214-340-9994, for Tide West Oil/
 (TIDE)


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

WB -- NY031 -- 2038 06/15/93 10:32 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:232
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