SOUTH JORDAN, Utah, Oct. 10, 2012 /PRNewswire/ -- Pioneer Oil and Gas (Pink Sheets: POGS) announced the results of its tender offer for shares at $1.00 per share that closed on August 15, 2012. The company acquired through the tender offer and additional private transactions 1,491,980 common shares all at the price of $1.00 per share. With the acquisition and cancellation of the shares, Pioneer Oil and Gas presently has 6,048,425 common shares issued and outstanding.
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