Norris Industries, Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2020
October 13, 2020 at 05:18 pm
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Norris Industries, Inc. announced earnings results for the second quarter ended August 31, 2020. For the second quarter, the company announced total revenue was USD 91,665 compared to USD 148,745 a year ago. Operating loss was USD 181,495 compared to USD 314,902 a year ago. Net loss was USD 204,470 compared to USD 333,314 a year ago. For the half year, total revenue was USD 122,611 compared to USD 268,104 a year ago. Operating loss was USD 398,907 compared to USD 595,716 a year ago. Net loss was USD 443,575 compared to USD 626,389 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 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. 