UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15588 / December 10, 1997

     SECURITIES AND EXCHANGE COMMISSION V. TRINITY GAS CORPORATION AND SIDNEY W.
     SERS, Civil Action No.4-97CV-1018Y (N.D. Tex., Fort Worth Division)

          The Securities and Exchange Commission announced today that the
     Honorable Terry Means has entered in this civil action an order that:

          1.   Restrains and enjoins defendants Trinity Gas Corporation and
     Sidney W. Sers ("defendants") from violating Sections 5(a), 5(c), or 17(a)
     of the Securities Act and Section 10(b) of the Securities Exchange Act, as
     well as Rule 10b-5 thereunder;

          2.   Freezes all the assets of the defendants;

          3.   Freezes the proceeds from the sale of Trinity Gas stock of
     certain additional persons, named solely for purposes of relief ("Relief
     defendants");

          4.   Prohibits the defendants and the Relief defendants from
     destroying evidence;

          5.   Requires the defendants and the Relief defendants to provide an
     accounting, under oath, of the proceeds from the sale of Trinity Gas
     Corporation stock and all bank and brokerage accounts since July 1, 1993;
     and

          6.   Grants expedited discovery.

          The Court ordered, by consent of the parties, that the above-described
     order remain in effect until January 6, 1998.  On that date, the Court will
     hear evidence on the Commission's requests for a preliminary injunction and
     the appointment of a Receive to operate and manage Trinity Gas Corporation.

          As previously announced, the Commission has charged the defendants
     with having sold the common stock of Trinity Gas Corporation by means of
     false and misleading statements concerning title and conditions surrounding
     certain oil and gas drilling rights located near Cali, Colombia, as well as
     the performance of two exploratory gas wells drilled thereon.

          For further information, see Litigation Release No. 15582, December 8,
     1997.









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                                 NEWS DIGEST SUMMARY

     COURT ENTERS TEMPORARY RESTRAINING ORDER

               The Securities and Exchange Commission announced today that the
          Federal Court hearing this Bulletin Board stock case has entered an
          order temporarily restraining and enjoining the defendants from
          alleged violations of Sections 5(a), 5(c), and 17(a) of the Securities
          Act and Section 10(b) of the Securities Exchange Act, as well as Rule
          10b-5 thereunder, and freezing their assets.  By the consent of the
          defendants, the order will remain in effect until January 6, 1998,
          when the Court will hear evidence on the Commission's request for a
          preliminary injunction and the appointment of a Receiver to operate
          defendant Trinity Gas Corporation.

               As previously announced, the Commission has charged the
          defendants with having sold the common stock of Trinity Gas
          Corporation by means of false and misleading statements concerning
          title and conditions surrounding certain oil and gas drilling rights
          located near Cali, Colombia, as well as the performance of two
          exploratory gas wells drilled thereon.

     [SECURITIES AND EXCHANGE COMMISSION V. TRINITY GAS CORPORATION AND SIDNEY
     W. SERS], USDC ND/TX [Fort Worth], CA No.4-97CV-1018Y
     (LR-     )

     T. CHRISTOPHER BROWNE, Trial Counsel
     Fort Worth Regional Office
     817/978-6464























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