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TRITON ANNOUNCES FAVORABLE COURT DECISION

 DALLAS, July 28 /PRNewswire/ -- Triton Energy Corporation (NYSE: OIL) today announced that the United States Court of Appeals for the Ninth Circuit affirmed the decision of the United States District Court upholding an arbitration panel's award in Triton's favor against Nordell International Resources Ltd. The appellate court reversed and remanded for further consideration an award in Triton's favor against Nordell's parent, Veronex Resources Ltd., for more than $900,000.
 "The ruling means essentially that all relief Triton requested in the arbitration has been granted and affirmed, and all relief requested by Nordell has been denied, by the three tribunals that have considered the matter," said Robert B. Holland III, senior vice president and general counsel. "We are grateful that the court considered the issues on their legal merits and does not appear to have been influenced by our opponents' extraordinary public relations campaign."
 Triton Energy, headquartered in Dallas, Texas is an international independent oil and gas exploration and production company with oil and gas interests in 12 countries.
 -0- 7/28/93
 /CONTACT: W. Greg Dunlevy or Linda Covington of Triton Energy Corporation, 214-691-5200.
 (OIL)


CO: Triton Energy Corporation; Nordell International Resources L ST: Texas IN: OIL SU:

SH -- NY015 -- 6616 07/28/93 08:55 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:207
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