Norris Industries, Inc. Reports Earnings Results for the Full Year Ended February 29, 2020
June 16, 2020 at 01:56 am IST
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Norris Industries, Inc. announced earnings results for the full year ended February 29, 2020. For the full year, the company announced total revenue was USD 573,016 compared to USD 499,074 a year ago. Operating loss was USD 2.827 million compared to USD 869,417 a year ago. Net loss was USD 2.898 million compared to USD 921,685 a year ago. Basic loss per share was USD 0.03 compared to 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. 
