Norris Industries, Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2019
October 11, 2019 at 05:22 pm
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Norris Industries, Inc. announced earnings results for the second quarter ended August 31, 2019. For the second quarter, the company announced total revenue was USD 148,745 compared to USD 147,891 a year ago. Operating loss was USD 314,902 compared to USD 197,248 a year ago. Net loss was USD 333,314 compared to USD 209,256 a year ago. For the half year, total revenue was USD 268,104 compared to USD 273,963 a year ago. Operating loss was USD 595,716 compared to USD 387,842 a year ago. Net loss was USD 626,389 compared to USD 411,571 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Norris Industries, Inc. is an exploration and production oil and natural gas company. The Company focuses on the development, production, and maintenance of its crude oil and natural gas properties in Texas. Its principal operating properties are in the Ellenberger formation in Coleman County, and in Jack County and Palo-Pinto County Texas. It also focuses on developing additional exploration and acquisition projects located within the Bend Arch-Fort Worth Basin and other prime acquisition targets in Central West, South and East Texas. It also focuses on other acquisition opportunities in the Permian Basin, West Texas, East Texas, and South Texas regions. It has about 20 gross oil and gas wells in the Jack County and Palo-Pinto County Stuart oil leases. Its 1A Venture property has four gross oil and gas wells. Its 1B Venture property has six gross oil and gas wells. Its Marshall Walden property has six gross oil and gas wells. Its production operations are in the state of Texas.
NORRIS INDUSTRIES, INC. 
