SOUTH JORDAN, Utah,
Jan. 21, 2014 /PRNewswire/ -- Pioneer
Oil and Gas (Pink Sheets: POGS – News) announced financial results
for fiscal 2013. Revenues for fiscal year 2013 (period ending
September 30, 2013) were $926,843 as compared to revenues of $968,038 for fiscal 2012. The Company had a
net loss of $1,299,000 or
$.23 per share as compared to a net
loss of $1,104,988 or $.15 per share 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
