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COMPUTER PETROLEUM REPORTS SECOND QUARTER OPERATING RESULTS

 COMPUTER PETROLEUM REPORTS SECOND QUARTER OPERATING RESULTS
 ST. PAUL, Minn., Sept. 9 /PRNewswire/ -- Computer Petroleum Corporation (NASDAQ: CPCO) today announced revenues for the three months ended July 31, 1992, were $739,619 compared with $809,503 for the second quarter of last year and $645,085 in the first quarter this year. Operating results for the quarter were a loss of $92,706, equal to 3 cents per share, compared with net income of $161,080, or 6 cents per share, in the same period of the prior year.
 "We are pleased that revenue and net operating results improved over the first quarter," said William G. Leonard, president and CEO. "However, the energy industry continued to cut costs during the second quarter in an effort to improve profitability, and usage of our information services has been affected as a result. We have continued to expand our customer base, product offerings and the number of prices on our system. We are well-positioned to improve performance as new products grow and as the energy industry recovers."
 For the six months, the company reported revenues of $1,384,704, compared with $1,588,600 for the first half last year. Net loss for the six months was $244,623, equal to 8 cents per share, compared with net income of $252,933, equal to 10 cents per share, in last year's first half.
 Computer Petroleum Corporation, based in St. Paul, is the nation's leading provider of energy price information and news through its Petronet(R) electronic information network.
 Computer Petroleum Corporation
 Three months ended Six months ended
 July 31 July 31
 1992 1991 1992 1991
 Revenues $739,619 $809,503 $1,384,704 $1,588,600
 Costs and Expenses:
 Product 468,550 281,195 873,820 579,172
 General & Admin. 187,141 159,705 413,166 302,898
 Selling & Marketing 193,998 223,354 380,232 469,639
 Total 849,689 664,254 1,667,218 1,351,709
 Income from Operations (110,070) 145,249 (282,514) 236,891
 Interest Income (expense):
 Interest Income 17,784 22,626 38,816 29,426
 Interest Expense (420) (3,695) (925) (8,384)
 Total 17,364 18,931 37,891 21,042
 Income (Loss) Before Taxes (92,706) 164,180 (244,623) 257,933
 Income Taxes 0 (3,100) 0 (5,000)
 Net Income (Loss) $(92,706) $161,080 $(244,623) $252,933
 Net Income (Loss)
 per Common and
 Common Equivalent
 Share $(0.03) $0.06 $(0.08) $0.10
 Average Common and Common
 Equivalent Shares
 Outstanding 2,892,898 2,817,003 2,881,787 2,656,135
 -0- 9/9/92
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen, 612-371-0000, for Computer Petroleum; Kurt Betcher or Bill Leonard of Computer Petroleum, 612-738-1088/
 (CPCO) CO: Computer Petroleum Corporation ST: Minnesota IN: SU: ERN


AL -- MN003 -- 7354 09/09/92 08:57 EDT
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Date:Sep 9, 1992
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