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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pioneer Oil and Gas (PK) | USOTC:POGS | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0315 | 26.03% | 0.1525 | 0.076 | 0.1859 | 0.19 | 0.115 | 0.19 | 8,800 | 21:00:00 |
SOUTH JORDAN, Utah, Sept. 10, 2012 /PRNewswire/ -- Pioneer Oil and Gas (Pink Sheets: POGS – News) announced financial results for the third quarter of fiscal 2012. Revenues for the third quarter of fiscal 2012 (period ending June 30, 2012) were $204,709 as compared to revenues of $314,770 for the third quarter of fiscal 2011. Net loss was $174,281 or $.02 per share as compared to a net loss of $288,344 or $.04 per share for the third quarter of fiscal 2011. For the nine-month period revenues were $781,733 as compared to $826,805 for the same period a year ago. Net loss was $416,514 as compared to a net loss of $530,773 for same nine-month period a year ago. Loss per share for the nine-month period was $.05 per share as compared to $.07 for fiscal 2011. 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
Copyright 2012 PR Newswire
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