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Pioneer: Pioneer Oil
built 613 days ago
SOUTH JORDAN, Utah, March 2 /PRNewswire-FirstCall/ -- Pioneer Oil and Gas POGS announced financial results for the first quarter of fiscal 2007. Revenues for the period ending December 31, 2006 were $3,085,690 as compared to revenues $624,524 for the first quarter of fiscal 2006. Net income was $1,757,368 or $.24 per share as compared to net income of $352,102 or $.05 per share for the first quarter of fiscal 2006. The increase in revenues was primarily the result of higher Project and Lease Sales Income. Pioneer's detailed financial statements can be viewed at http://www.piol.com/fi.html. Pioneer's financial statements are ... available at http://www.pinksheets.com.
SOUTH JORDAN, Utah, May 23 /PRNewswire-FirstCall/ -- Pioneer Oil and Gas POGS announced financial results for the second quarter of fiscal 2007. Revenues for the second quarter of fiscal 2007 (period ending March 31, 2007) were $5,118,009 as compared to revenues of $452,022 for the second quarter of fiscal 2006. Net income was $2,754,409 or $.37 per share as compared to net income of $177,675 or $.02 per share for the second quarter of fiscal 2006. For the six-month period revenues were $8,203,699 as compared to $1,076,546 for the same period a year ago. Net income increased from $529,777 to $4,511,777 for the current period. Earnings per share for the six-month period increased from $.07 to $.61.
Pioneer Drilling provides land contract drilling services to independent and major oil and gas operators drilling wells in Texas, Louisiana, Oklahoma, Kansas and in the Rocky Mountain region and internationally in Colombia. Its fleet consists of 69 land drilling rigs that drill in depth ranges between 6,000 and 18,000 feet.
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