BLOCKER ENERGY CORP <BLK> YEAR NET Oper shr profit 11 cts vs loss 2.45 dlrs Oper net profit 3,594,000 vs loss 81.9 mln Revs 38.5 mln vs 48.2 mln NOTE: 1986 net excludes 68.5 mln dlr gain from debt extinguishment. 1985 net includes 72.0 mln dlr writedown of drilling rigs.