Daybreak Oil and Gas, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2022
January 17, 2023 at 12:22 pm EST
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Daybreak Oil and Gas, Inc. reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported revenue was USD 0.466011 million compared to USD 0.188792 million a year ago. Net loss was USD 0.264505 million compared to USD 0.043213 million a year ago. Basic loss per share from continuing operations was USD 0.001 compared to USD 0.001 a year ago.
For the nine months, revenue was USD 1.25 million compared to USD 0.50541 million a year ago. Net loss was USD 1.69 million compared to USD 0.247944 million a year ago. Basic loss per share from continuing operations was USD 0.006 compared to USD 0.006 a year ago.
Daybreak Oil and Gas, Inc. is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in developing crude oil and natural gas reserves through exploration and development activities. Its operations are focused on identifying and evaluating prospective crude oil and natural gas properties and funding projects that have the potential to produce crude oil and natural gas in commercial quantities. It has two crude oil and natural gas projects in California. The East Slopes Project is located in the southeastern part of the San Joaquin Basin near Bakersfield, California. Its 20 producing crude oil wells in the East Slopes Project produce from five reservoirs at its Sunday, Bear, Black, Ball and Dyer Creek locations. Its Reabold property has producing wells in both Monterey and Contra Costa counties of California. The Burnett Lease and the Doud Lease are located in close proximity to each other in Monterey County.
DAYBREAK OIL AND GAS, INC. 
