pioneer oil & gas (POGS) Snapshot

Pioneer Oil & Gas reported earnings results for the second quarter and six months ended March 31, 2013. For the period, the company's revenues were $174,630 as compared to revenues of $242,118 for the second quarter of fiscal 2012. The company posted a net loss of $261,704 for the quarter as compared to a net loss of $82,247 for the second quarter of fiscal 2012. For the six-month period, revenues were $367,274 as compared to $577,024 for the same period a year ago. Net loss was $446,920 as compared to a net loss of $242,233 for the same period a year ago. Net loss per share for the period was $0.08 as compared to a net loss of $0.03 per share for the same period in fiscal 2012.

Pioneer Oil & Gas reported earnings results for the first quarter ended December 31, 2012. Revenues for the period was $192,644 as compared to $334,906 for the first fiscal quarter of 2012. The company reported a net loss of $189,232 or $0.03 per share for the quarter as compared to net loss of $141,876 or $0.02 per share for the first quarter of fiscal 2012.

Pioneer Oil & Gas announced earnings results for the year ended September 30, 2012. For the year, the company reported revenues of $968,038 as compared to revenues of $1,254,186 for fiscal 2011. The company had a net loss of $1,104,988 or $0.15 per share as compared to a net loss of $388,901 or $0.05 per share for fiscal 2011. The net loss for fiscal 2012 was mostly caused by two factors: a non-cash write-off of the value of resale lease inventory of $763,965 and substantially lower natural gas prices.