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BROCK EXPLORATION CORPORATION CONTINUES TO REPORT POSITIVE EARNINGS

 NEW ORLEANS, May 5 /PRNewswire/ -- Brock Exploration Corporation (PSE: BKE), headquartered in New Orleans, reported unaudited net income of $56,000 or $.01 per share on revenues of $2.7 million for the fourth quarter ended March 31.
 These results compare with a net loss of $5,000 or $.00 per share on revenues of $2.6 million for the fourth quarter ended March 31, 1992.
 Unaudited net income for the fiscal year ended March 31, 1993, was $684,000 or $.18 per share on revenues of $10.9 million as compared with last year's audited net income of $243,000 or $.06 per share on revenues of $9.9 million.
 Oil and gas sales for the quarter increased 2 percent from $2.078 million compared to $2.035 million for the quarters ended March 31, 1993 and 1992, respectively. During the quarter ended March 31, 1993, a one- time charge of $150,000 was applied to oil and gas sales as an adjustment for an overproduced gas balancing position incurred in a limited partnership in which the company is the managing general partner.
 Quarter and 12 Months Ended March 31, 1993 and 1992
 Quarter ended March 31 1993 1992
 (unaudited) (audited)
 Oil and gas revenues $2,078,000 $2,035,000
 Total revenues 2,713,000 2,624,000
 Net earnings 56,000 (5,000)
 Average shares 3,873,889 3,972,569
 Earnings per share $ 0.01 $ 0.00
 12 mos. ended March 31 1993 1992
 (unaudited) (audited)
 Oil and gas revenues $ 8,816,000 $8,035,000
 Total revenues 10,864,000 9,852,000
 Net earnings 684,000 243,000
 Average shares 3,892,642 4,007,440
 Earnings per share $ 0.18 $ 0.06
 Product prices increased 2 percent for oil and 41 percent for gas for the quarter. For the years ended March 31, 1993 and 1992, gas prices increased 28 percent while oil prices decreased 3 percent. Oil volumes increased 14 percent for the quarl?e remaining relatively flat for the year (decrease less than 1 percent). Gas volumes were down for both the quarter and fiscal year (17 percent and 2 percent, respectively).
 Quarter and 12 Months Ended March 31, 1993 and 1992
 Qtr. ended 12 mos. ended
 3/31/93 3/31/92 3/31/93 3/31/92
 (unaudited) (audited) (unaudited) (audited)
 Production
 Oil (Bbls) 68,801 60,565 237,221 238,633
 Gas (Mcf) 540,802 653,266 2,204,572 2,238,786
 Average sales price
 Per Bbl $17.89 $17.47 $18.79 $19.35
 Per Mcf $ 1.71 $ 1.21 $ 1.71 $ 1.33
 For a copy of the annual report or any quarterly reports, please contact the Stockholder Relations Department, Brock Exploration Corporation, 225 Baronne St., Suite 700, New Orleans, LA 70112-1707.
 -0- 5/4/93
 /CONTACT: Investor Relations Department of Brock Exploration, 504-586-1815/
 (BKE)


CO: Brock Exploration Corporation ST: Louisiana IN: OIL SU: ERN

BR-BN -- AT001 -- 4696 05/05/93 08:04 EDT
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Publication:PR Newswire
Date:May 5, 1993
Words:499
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