SOUTH JORDAN, Utah,
March 11, 2015 /PRNewswire/
-- Pioneer Oil and Gas (Pink Sheets: POGS) announced financial
results for the first quarter of fiscal 2015. Revenues for
the period ending December 31, 2014
(first quarter of fiscal 2014) were $186,798 as compared to $457,631 for the first fiscal quarter of 2014
(period ending December 31, 2013).
The Company reported a net loss of $69,023 or $.01 per
share for the quarter as compared to net loss of $803,744 or $.14
per share for the first quarter of fiscal 2014.
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.
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SOURCE Pioneer Oil and Gas
