INDUSTRIAL EQUITY HAS 5.4 PCT OF TRITON &lt;OIL>
  A group of firms led by Hong
  Kong-based Industrial Equity (Pacific) Ltd, said it acquired
  969,515 shares of Triton Oil Corp common stock, or 5.4 pct of
  the company's common stock outstanding.
      Industrial Equity (Pacific), which is controlled by
  Brierley Investments Ltd &lt;BRYW.WE> and which has applied with
  U.S. antitrust regulators to buy up to 50 pct of Triton's
  common stock, said the current 5.4 pct stake was acquired for
  investment purposes.
      The company said it informed Triton of its present "good
  faith intention" to buy more than 15 mln dlrs worth of Triton
  stock.
      It said it also told Triton it "may depending on market
  conditions acquire 50 pct or more and possibly 100 pct of the
  voting securities of (Triton)."
      It said it received clearance to buy up to 50 pct of the
  stock on September 11.
      Industrial Equity (Pacific) reported it bought 250,000
  shares of Triton common stock on October 8 at 22.50 dlrs a
  share.
  

