SOUTH JORDAN, Utah, Jan. 7, 2015 /PRNewswire/ -- Pioneer Oil and Gas (Pink Sheets: POGS – News) announced financial results for fiscal 2014. Revenues for fiscal year 2014 (period ending September 30, 2014) were $1,315,815 as compared to revenues of $926,843 for fiscal 2013. The Company had a net loss of $1,075,656 or $.19 per share as compared to a net loss of $1,299,000 or $.23 per share 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.
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SOURCE Pioneer Oil and Gas
