SOUTH JORDAN, Utah,
Oct. 10, 2012 /PRNewswire/ -- Pioneer
Oil and Gas (Pink Sheets: POGS) announced the results of its tender
offer for shares at $1.00 per share
that closed on August 15,
2012. The company acquired through the tender offer and
additional private transactions 1,491,980 common shares all at the
price of $1.00 per share. With the
acquisition and cancellation of the shares, Pioneer Oil and Gas
presently has 6,048,425 common shares issued and outstanding.
Statements concerning future financial results, production,
expenditures, reserve estimates, and other items are
forward-looking statements. These statements are based on
assumptions concerning commodity prices, drilling results and other
factors management believes are reasonable based on currently
available information; however, management's assumptions and the
Company's future performance are both subject to a wide range of
business risks, and there is no assurance that these goals and
projections can or will be met.
SOURCE Pioneer Oil and Gas
