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TRITON RECEIVES $59 MILLION ON CLOSURE OF CANADIAN SALE

 DALLAS, Sept. 14 /PRNewswire/ -- Triton Energy Corporation (NYSE: OIL) today announced that it has closed the previously announced sale of the company's 76 percent holding in Triton Canada Resources Ltd. Proceeds of $59 million after underwriting fees and other expenses have been released from escrow to the company. Triton expects to record a first quarter fiscal 1994 gain on the sale of approximately $41 million after tax.
 Triton Energy, headquartered in Dallas, is an independent international oil and gas exploration and production company with oil and gas interests in numerous countries.
 -0- 9/14/93
 /CONTACT: W. Greg Dunlevy or Linda Covington of Triton Energy Corporation, 214/691-5200/
 (OIL)


CO: Triton Energy Corporation; Triton Canada Resources Ltd. ST: Texas IN: OIL SU: TNM

TS -- NY013 -- 1602 09/14/93 08:40 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
Words:132
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