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DELTA PETROLEUM ANNOUNCES NET INCOME FOR THREE MONTHS AND SIX MONTHS PERIODS ENDED JUNE 30, 1993

 DENVER, Aug. 4 /PRNewswire/ -- Delta Petroleum Corp. (NASDAQ: DPTR) management announced today the company's unaudited consolidated financial results for the periods ended June 30, 1993.
 Net income for the three months period rose to $33,278 on revenues of $300,749 as compared to a loss of $26,852 on revenues of $20,216 for the three months period in 1992. During the six months period the company generated net income of $152,417 on revenues of $677,837 as compared to a loss of $59,623 on revenues of $50,395 in the same period the prior year.
 Per share income for the six months period was equal to 5.5 cents in 1993 as compared to the loss of 4.7 cents for the six months in 1992 and was equal to 1.2 cents vs. a loss of 1.9 cents for the three months periods.
 Management was further pleased to highlight the increase in shareholders' equity for the six months period to $11,136,805 from $10,532,752 at Dec. 31, 1992.
 Results for the three months periods and the six months periods are as follows:
 Three Months Ended June 30, 1993 (Unaudited)
 1993 1992
 Revenues $300,749 $20,216
 Expenses $270,856 $47,068
 Net income (loss) $33,278 ($26,852)
 Earnings (loss)
 per share $.012 ($.019)
 Six Months Ended June 30, 1993 (Unaudited)
 1993 1992
 Revenues $677,837 $50,395
 Expenses $530,498 $110,018
 Net income (loss) $152,417 ($59,623)
 Earnings (loss)
 per share $.055 ($.047)
 Copies of Delta's Form 10-Q for the quarter ended June 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 the Anadarko Basin, Okla., Denver-Julesburg Basin, Colo., and Austin-Chalk Trend, Texas, and proven undeveloped offshore units located offshore California.
 -0- 8/4/93
 /CONTACT: MDC Group Inc., 303-446-8440, for Delta Petroleum/
 (DPTR)


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

LM-LS -- LA019 -- 9240 08/04/93 09:32 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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