Norris Industries, Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2018
January 22, 2019 at 01:03 pm EST
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Norris Industries, Inc. announced earnings results for the third quarter ended November 30, 2018. For the third quarter, the company announced total revenue was USD 136,561 compared to USD 12,466 a year ago. Operating loss was USD 146,831 compared to USD 376,374 a year ago. Net loss was USD 162,484 compared to USD 384,007 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. For the nine months, total revenue was USD 410,524 compared to USD 51,128 a year ago. Operating loss was USD 534,673 compared to USD 1.265 million a year ago. Net loss was USD 574,055 compared to USD 2.504 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.04 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. 
