Pioneer Announces Fiscal 2013 Results

SOUTH JORDAN, Utah, Jan. 21, 2014 /PRNewswire/ -- Pioneer Oil and Gas (Pink Sheets: POGS – News) announced financial results for fiscal 2013. Revenues for fiscal year 2013 (period ending September 30, 2013) were $926,843 as compared to revenues of $968,038 for fiscal 2012. The Company had a net loss of $1,299,000 or $.23 per share as compared to a net loss of $1,104,988 or $.15 per share for 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