SOUTH JORDAN, Utah,
Aug. 26, 2014 /PRNewswire/
-- Pioneer Oil and Gas (Pink Sheets: POGS) announced financial
results for the third quarter of fiscal 2014. Revenues for
the third quarter of fiscal 2014 (period ending June 30, 2014) were $190,940 as compared to revenues of $277,326 for the third quarter of fiscal
2013. Net loss was $54,190 or
$.01 per share as compared to a net
loss of $45,160 or $.01 per share for the third quarter of fiscal
2013. For the nine-month period revenues were
$976,117 as compared to $644,600 for the same period a year ago.
Net loss was $1,122,103 as compared
to a net loss of $492,080 for same
the nine-month period a year ago. Loss per share for the
nine-month period was $.20 per share
as compared to $.08 for fiscal
2013. 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
