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Saba Petroleum Co.: The Irvine independent oil...

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Saba Petroleum Co.: The Irvine independent oil and gas production company posted net income of $755,000, or 17 cents a share, for the first quarter, compared with net income of $12,000, or no cents a share, for the same period of 1995. Revenue more than doubled to $7.4 million from $3.2 million.

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