Norris Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2021
January 14, 2022 at 04:40 pm IST
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Norris Industries, Inc. reported earnings results for the third quarter and nine months ended November 30, 2021. For the third quarter, the company reported revenue was USD 0.10503 million compared to USD 0.059978 million a year ago. Net loss was USD 0.156341 million compared to USD 0.232139 million a year ago.
For the nine months, revenue was USD 0.302868 million compared to USD 0.182589 million a year ago. Net loss was USD 0.481322 million compared to USD 0.675714 million a year ago. Basic loss per share from continuing operations was USD 0.01 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. 
