Norris Industries, Inc. Reports Earnings Results for the Full Year Ended February 28, 2019
June 13, 2019 at 06:10 am EDT
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Norris Industries, Inc. announced earnings results for the full year ended February 28, 2019. For the full year, the company announced total revenue was USD 499,074 compared to USD 131,943 a year ago. Operating loss was USD 869,417 compared to USD 1.296 million a year ago. Net loss was USD 921,685 compared to USD 2.548 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
Norris Industries, Inc. is an oil and natural gas exploration and production 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. 
