SOUTH JORDAN, Utah,
Sept. 9, 2013 /PRNewswire/
-- Pioneer Oil and Gas (Pink Sheets: POGS – News) announced
financial results for the third quarter of fiscal 2013.
Revenues for the third quarter of fiscal 2013 (period ending
June 30, 2013) were $277,326 as compared to revenues of $204,709 for the third quarter of fiscal
2012. Net loss was $45,160 or $.01 per
share as compared to a net loss of $174,281 or $.02
per share for the third quarter of fiscal
2012. For the nine-month period revenues were
$644,600 as compared to $781,733 for the same period a year
ago. Net loss was $492,080 as compared to a net loss of
$416,514 for the same nine-month
period a year ago. Loss per share for the nine-month period
was $.08 per share as compared to
$.05 for fiscal 2012.
Pioneer's detailed financial statements can be viewed at
http://www.piol.com/fi.html.
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
