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TRITON COMPLETES DEFINITIVE AGREEMENT

 DALLAS, July 19 /PRNewswire/ -- Triton Energy Corporation (NYSE: OIL) today announced that it has executed a definitive agreement reflecting the terms of a previously announced agreement to sell all of Triton's 76 percent holding in Triton Canada Resources Ltd. to a group of Canadian investment banking firms. Net of underwriting fees and other expenses, proceeds to Triton of approximately Cdn.$77 million or US$60 million pre-tax will be released from escrow after Canadian regulatory clearance, which is anticipated to occur in October.
 Triton Energy, headquartered in Dallas, is an international independent oil and gas exploration and production company with oil and gas interests in 11 countries.
 -0- 7/19/93
 /CONTACT: W. Greg Dunlevy, vice president-investor relations of Triton Energy Corporation, 214-691-5200, or (fax) 214-987-0571/
 (OIL)


CO: Triton Energy Corporation ST: Texas IN: OIL SU:

TS -- NY090 -- 3253 07/19/93 16:59 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
Words:145
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