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EQUITY OIL DECLARES A 5-CENT DIVIDEND PER COMMON SHARE

SHARE EQUITY OIL DECLARES A 5-CENT DIVIDEND PER COMMON SHARE

Equity Oil Co. has declared a dividend of 5 cents per share, payable April 9 to shareholders of record March 16.

Equity has 12,243,250 shares of common stock outstanding."This dividend reflects our confidence in the company's performance and the board will continue to consider paying a dividend on a semiannual basis as was the case prior to 1986," said Fred Evans, president.

Based in Salt Lake City, Equity Oil Co. is an independent oil and gas exploration and development company with operations in nine western states and Canada.