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Article: Maynard Oil Company Announces Earnings
- Article from:
- PR Newswire
- Article date:
- May 13, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, May 13 /PRNewswire/ -- Maynard Oil Company (OTC Bulletin Board: MOIL) reported net income of $2,113,827, or 43 cents per share, on revenues of $8,043,876 for the three months ended March 31, 1997 compared with net income of $1,143,454 or 23 cents per share, on revenues of $7,331,742 for the same period in 1996. Results for the first quarter of 1997 were favorably impacted by higher oil and gas prices.
Maynard Oil Company is engaged in exploration, development and production of oil and natural gas in the United States. The Company's common stock is traded over the counter under the Nasdaq Symbol MOIL.
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