Dynamic Announces Regulatory Approval to Change Year End.Business/Energy Editors RICHMOND, British Columbia--(BUSINESS WIRE)--Dec. 23, 2002 DYNAMIC OIL & GAS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DYOLF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DOL DOL - Display Oriented Language. Subsystem of DOCUS. Sammet 1969, p.678. ) announced today that it has received regulatory approval for a change of its fiscal year end from March 31 to December 31, effective as of December 31, 2002. The last day of Dynamic's old financial year was March 31, 2002 and the last day of Dynamic's transition financial year will be December 31, 2002. During the transition year, interim financial statements were filed on June 30, 2002 and September 30, 2002. The annual financial statements for the transition year will be filed for the nine-month period ending December 31, 2002. In the new financial year, Dynamic's interim financial statements will be filed for the periods ending March 31, 2003, June 20, 2003 and September 30, 2003 with annual financial statements for the new financial year to be filed for the period ending December 31, 2003. Dynamic Oil & Gas, Inc. is a Canadian based energy company engaged in the production and exploration of Western Canada's natural gas and oil reserves. Dynamic owns working interests in several central Alberta producing properties, and in early-stage exploration properties located in southwestern and northern British Columbia. Dynamic's common shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "DOL" and on the Nasdaq under the symbol "DYOLF". On Behalf of the Board of Directors, Wayne J. Babcock, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The NASDAQ and Toronto Stock Exchanges have not reviewed nor accepted responsibility for the accuracy of this release. |
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