Norris Industries, Inc. Reports Earnings Results for the Full Year Ended February 28, 2021
June 02, 2021 at 02:24 am IST
Share
Norris Industries, Inc. announced earnings results for the full year ended February 28, 2021. For the full year, the company announced total revenue was USD 280,160 compared to USD 573,016 a year ago. Operating loss was USD 1.017 million compared to USD 2.827 million a year ago. Net loss was USD 1.109 million compared to USD 2.898 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 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. 