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DELTA PETROLEUM ANNOUNCES NET INCOME FOR THREE MONTHS AND NINE MONTHS PERIODS ENDED SEPT. 30, 1993

 DENVER, Nov. 22 /PRNewswire/ -- Delta Petroleum Corp. (NASDAQ: DPTR) management announced today the company's unaudited consolidated financial results for the periods ended Sept. 30, 1993.
 Net income for the three month period rose to $99,927 on revenues of $317,189 as compared to a loss of $36,722 on revenues of $45,925 for the three month period in 1992. During the nine month period the company generated net income of $252,343 on revenues of $995,026 as compared to a loss of $103,890 on revenues of $83,263 in the like period the prior year.
 Per share income for the nine month period was equal to 9.2 cents in 1993 as compared to the loss of 6 cents for the nine months in 1992, and was equal to 3.6 cents versus a loss of 2.3 cents for the three month periods.
 Management highlighted the increase in shareholders' equity for the nine month period to $11,502,321 from $10,532,752 at Dec. 31, 1992.
 Results for the three month periods and the nine month periods are as follows:
 DELTA PETROLEUM CORP.
 Three Months Ended
 Sept. 30, 1993
 (Unaudited)
 1993 1992
 Revenues $317,189 $45,925
 Expenses $215,111 $82,647
 Net income (loss) $99,927 $(36,722)
 Earnings (loss) per share $.036 $(.023)
 Nine Months Ended
 Sept. 30, 1993
 (Unaudited)
 1993 1992
 Revenues $995,026 $83,263
 Expenses $745,610 $187,153
 Net income (loss) $252,343 $(103,890)
 Earnings (loss) per share $.092 $(.060)
 Copies of Delta's Form 10-Q for the quarter ended Sept. 30, 1993 are available upon request.
 Delta Petroleum is an oil and gas exploration and development company based in Denver. Holdings include interests in producing properties in Colorado, Texas, Oklahoma, Arkansas, and proven undeveloped offshore units located Offshore California.
 -0- 11/22/93
 /CONTACT: MDC Group, 303-446-8440/
 (DPTR)


CO: Delta Petroleum Corp. ST: Colorado IN: OIL SU: ERN

BB -- DV003 -- 6931 11/22/93 15:58 EST
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Publication:PR Newswire
Date:Nov 22, 1993
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