Daybreak Oil and Gas, Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2018
January 14, 2019 at 05:23 pm
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Daybreak Oil and Gas, Inc. announced earnings results for the third quarter ended November 30, 2018. For the third quarter, the company announced operating loss was USD 81,349 compared to USD 124,641 a year ago. Net loss was USD 658,144 compared to USD 536,055 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, operating loss was USD 248,089 compared to USD 605,481 a year ago. Net loss was USD 1.988 million compared to USD 1.972 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago.
Daybreak Oil and Gas, Inc. is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in developing crude oil and natural gas reserves through exploration and development activities. Its operations are focused on identifying and evaluating prospective crude oil and natural gas properties and funding projects that have the potential to produce crude oil and natural gas in commercial quantities. It has two crude oil and natural gas projects in California. The East Slopes Project is located in the southeastern part of the San Joaquin Basin near Bakersfield, California. Its 20 producing crude oil wells in the East Slopes Project produce from five reservoirs at its Sunday, Bear, Black, Ball and Dyer Creek locations. Its Reabold property has producing wells in both Monterey and Contra Costa counties of California. The Burnett Lease and the Doud Lease are located in close proximity to each other in Monterey County.
DAYBREAK OIL AND GAS, INC. 
