	sulpetro loss due to writedowns asset disposals sulpetro ltd said its fiscal year net loss of mln dlrs or dlrs per share was due to several factors the largest of which was a writedown of mln dlrs of oil and gas properties sulpetro also recorded a writeoff of deferred charges amounting to mln dlrs a loss of mln dlrs on the disposal of all properties in the united kingdom and an equity loss of mln dlrs from affiliate sulbath exploration ltd there was also a loss on other investments of mln dlrs and a loss on operations of mln dlrs after interest depletion depreciation and income tax recoveries in the fiscal year ended october sulpetro had a net loss of mln dlrs or dlrs per share the company also said its non recourse project financing for the irish lindergh heavy oil field remains in default due to continuing low oil prices reuter 
