Pioneer Announces Fiscal 2018 Results

Pioneer Oil and Gas

Companies Mentioned:

Primary Exchange: OTC PINK
Under the Symbol: POGS



Tuesday, February 12, 2019 2:10 PM

SOUTH JORDAN, UT / ACCESSWIRE / February 12, 2018 / Pioneer Oil and Gas (OTC PINK: POGS) announced financial results for fiscal 2018. Revenues for fiscal year 2018 (period ending September 30, 2018) were $346,388 as compared to revenues of $374,994 for fiscal 2017. The Company had a net loss of $19,117 or less than a penny per share for fiscal 2018 as compared to a net loss of $109,230 or $.02 per share for fiscal 2017.

The litigation with the Northern Arapaho Tribe is ongoing with the Company filing a Motion to Dismiss the action in Tribal Court. The BLM enforcement action on the same matter has been placed in abeyance while awaiting the outcome of the Tribal action. Additional information regarding the lawsuit can be found under the Company’s News Release dated October 31, 2018.

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.


[email protected]


SOURCE: Pioneer Oil and Gas


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Done Reading? You might also find these links useful:
Stock Market News | Stocks Catalyst Calendar | Social Activity Stream | Stock Forums | Social Stock Groups