SULPETRO LOSS DUE TO WRITEDOWNS, ASSET DISPOSALS <Sulpetro Ltd> said its 1986 fiscal year net loss of 276.4 mln dlrs, or 19.22 dlrs per share, was due to several factors, the largest of which was a writedown of 125.0 mln dlrs of oil and gas properties. Sulpetro also recorded a writeoff of deferred charges amounting to 67.0 mln dlrs, a loss of 22.5 mln dlrs on the disposal of all properties in the United Kingdom and an equity loss of 21.2 mln dlrs from affiliate Sulbath Exploration Ltd. There was also a loss on other investments of 4.6 mln dlrs and a loss on operations of 36.1 mln dlrs after interest, depletion, depreciation and income tax recoveries. In the fiscal year ended October 31, 1985, Sulpetro had a net loss of 45.6 mln dlrs, or 3.90 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.