Pioneer Announces First Fiscal Quarter 2013 Results

Mar 14, 2013, 14:36 ET from Pioneer Oil and Gas

SOUTH JORDAN, Utah, March 14, 2013 /PRNewswire/ -- Pioneer Oil and Gas (Pink Sheets: POGS) announced financial results for the first quarter of fiscal 2013.  Revenues for the period ending December 31, 2012 (first quarter of fiscal 2013) were $192,644 as compared to $334,906 for the first fiscal quarter of 2012 (period ending December 31, 2011).  The Company reported a net loss of $189,232 or $.03 per share for the quarter as compared to net loss of $141,876 or $.02 per share for the first quarter of fiscal 2012.

Pioneer's detailed financial statements can be viewed at  

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