UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 4, 2005
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Date of Report (Date of earliest event reported)
PIONEER OIL AND GAS
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(Exact name of Registrant as specified in its charter)
Utah 0-30472 87-0365907
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
1206 W. South Jordan Parkway, Unit B South Jordan, UT 84095
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(Address of principal executive offices) (Zip Code)
(801) 566-3000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 8: Pioneer Oil and Gas (the "Company")is filing this form 8K because of the
press release issued on October 4, 2005. The press release is attached to this
Form 8K as an exhibit.
(c) Exhibits. The following exhibit is furnished pursuant to Item 8 of
Form 8-K:
Press Release: PIONEER FILES FORM 15-12G; PIONEER GIVES UPDATE ON POGO OPTION
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PIONEER OIL AND GAS Registrant
Date: October 4, 2005 /s/ Don J. Colton
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Don J. Colton
President
October 4, 2005
PIONEER GIVES UPDATE ON POGO OPTION
South Jordan, Utah --- Pioneer Oil and Gas (OTC Bulletin Board: POGS) announced
today that POGO Producing Company declined to exercise its option to purchase an
additional 35,000 acres in Central Utah from Pioneer Oil and Gas and its
partner.
Pioneer currently has approximately 150,000 gross acres and 56,250 net acres in
the vicinity of the recent oil discovery made by Wolverine Gas & Oil near
Sigurd, Utah. The Company is currently marketing its acreage to several
interested parties and believes it will sell it on more favorable terms than the
terms of the POGO option.
All of Pioneer's 2005 news releases can be viewed at the Company's website at
www.piol.com.
Statements concerning future financial results, production, expenditures,
reserve estimates, and other items are forward-looking statements. These
statements are based on assumptions concerning commodity prices, drilling
results and other factors management believes are reasonable based on currently
available information; however, management's assumptions and the Company's
future performance are both subject to a wide range of business risks, and there
is no assurance that these goals and projections can or will be met.