INDUSTRIAL EQUITY HAS 5.4 PCT OF TRITON <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 <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.