Message #3 From:
NewsBot Date: February 22, 2008 04:34:24 PM
Pioneer Announces Fiscal 2007 Results
SOUTHJORDAN, Utah, Dec. 17 /PRNewswire-FirstCall/ -- Pioneer Oil and Gas
(Pink Sheets: POGS) announced financial results for fiscal 2007. Revenues for
fiscal year 2007 (period ending September 30, 2007) were $10,178,483 as
compared to revenues of $3,208,431 for fiscal 2006. Net income was $5,289,749
or $.71 per share as compared to net income of $1,470,066 or $.20 per share
for fiscal 2006. The increase in revenues and income was primarily the result
of higher Project and Lease Sales Income.
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.
