SOUTH JORDAN, Utah,
June 4, 2013 /PRNewswire/ -- Pioneer
Oil and Gas (Pink Sheets: POGS) announced financial results for the
second quarter of fiscal 2013. Revenues for the second
quarter of fiscal 2013 (period ending March
31, 2013) were $174,630 as
compared to revenues of $242,118 for
the second quarter of fiscal 2012. The Company posted a
net loss of $261,704 for the quarter
as compared to a net loss of $82,247
for the second quarter of fiscal 2012. For the six-month
period revenues were $367,274 as
compared to $577,024 for the same
period a year ago. Net loss was $446,920 as compared to a net loss of
$242,233 for the same period a year
ago. Net loss per share for the six-month period was
$.08 as compared to a net loss of
$.03 per share for the same period in
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