SOUTH JORDAN, UT / ACCESSWIRE / February 25, 2016 / Pioneer Oil and Gas (PINKSHEETS: POGS - News) announced financial results for fiscal 2015. Revenues for fiscal year 2015 (period ending September 30, 2015) were $460,913 as compared to revenues of $1,315,815 for fiscal 2014. The Company had a net loss of $704,116 or $.12 per share as compared to a net loss of $1,075,656 or $.19 per share for fiscal 2014. In the future, the Company will only be releasing financial information for its fiscal year end audits and six month statements.
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