ENERGY DEVELOPMENT <EDP> HAD YEAR LOSS
Energy Development Partners Ltd said
it had an operating loss for the year ended December 31 of 2.4
mln dlrs, or 40 cts per share.
    But it said a 41.5 mln dlr non-cash writeoff of oil and gas
properties taken in the first quarter resulted in a net loss of
43.9 mln dlrs, or 7.21 dlrs per share.
    Energy Development Partners, is a limited partnership which
began operating in September 1985.
    Full year revenues totaled 23.7 mln dlrs, the company also
said.
    It said proved reserves at December 31 totaled 4.8 mln
barrels of oil and 88 mln cubic feet of natural gas.
 Reuter
