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|Warren Resources Announces Fourth Quarter and Year-End 2004 Results|
NEW YORK, March 2 /PRNewswire-FirstCall/ -- Warren Resources, Inc. (Nasdaq: WRES) ("Warren" or the "Company") today announced its 2004 fourth quarter and full-year financial and operating results. The Company reported a net loss applicable to common stockholders (after preferred stock dividends of $6.6 million) for the year ended December 31, 2004 of $16.6 million or $0.84 per share based on 19.7 million weighted average common shares outstanding as compared to a net loss (after preferred stock dividends of $4.6 million) of $5.8 million or $0.34 per share for 2003. At December 31, 2004 the Company had 34.3 million shares of common stock outstanding.
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