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August 28, 2015 4:32 AM ET

Energy Equipment and Services

Company Overview of Glori Energy Inc.

Company Overview

Glori Energy Inc., an energy technology and oil production company, provides services to third party oil companies. The company operates through AERO Services, and Oil and Gas segments. The AERO Services segment provides biotechnology solutions of enhanced oil recovery through a two-step process, including analysis phase, a reservoir analysis and treatment design phase that represents oil and water samples from the reservoir as part of its screening process to evaluate AERO system potential; and field deployment phase that mobilizes skid-mounted injection equipment to the field location. The Oil and Gas segment engages in the production and sale of oil and natural gas. The company serves int...

10350 Richmond Avenue

Suite 850

Houston, TX 77042

United States

Founded in 2005

42 Employees

Phone:

713-237-8880

Key Executives for Glori Energy Inc.

Chief Executive Officer, President and Director
Age: 52
Total Annual Compensation: $494.3K
Chief Financial Officer
Age: 63
Total Annual Compensation: $329.1K
Compensation as of Fiscal Year 2014.

Glori Energy Inc. Key Developments

Glori Energy Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Glori Energy Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $2,632,000 against $5,556,000 a year ago, due to the significant decline in oil prices and due to the completion, and recognition of revenues, on a large customer project that contributed $1.5 million in revenues in the second quarter of 2014.   Loss from operations was $3,604,000 against $1,880,000 a year ago. Net loss before taxes on income was $5,104,000 against $5,918,000 a year ago. Net loss was $4,916,000 or $0.15 per basic and diluted share against $6,060,000 or $0.20 per basic and diluted share a year ago. Adjusted net loss was $3,311,000 or $0.10 per share against $3,492,000 or $0.12 per share a year ago. LBITDA was $3,535,000 against $3,503,000 a year ago. Adjusted LBITDA was $1,524,000 against $857,000 a year ago. For the six months, the company reported total revenues of $5,199,000 against $6,558,000 a year ago. Loss from operations was $7,210,000 against $4,676,000 a year ago. Net loss before taxes on income was $8,071,000 against $6,602,000 a year ago. Net loss was $7,900,000 or $0.25 per basic and diluted share against $6,744,000 or $0.26 per basic and diluted share a year ago. Net cash used in operating activities was $5,834,000 against $5,267,000 a year ago. Purchase of proved oil and gas property was $4,403,000 against $39,581,000 a year ago. Purchase of other property and equipment was $312,000 against $149,000 a year ago. Adjusted net loss was $6,518,000 or $0.21 per share against $6,630,000 or $0.25 per share a year ago. LBITDA was $4,719,000 against $3,392,000 a year ago. Adjusted LBITDA was $2,499,000 against $3,123,000 a year ago.

Glori Energy Inc. to Report Q2, 2015 Results on Aug 07, 2015

Glori Energy Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 07, 2015

Glori Energy Inc., Q2 2015 Earnings Call, Aug 07, 2015

Glori Energy Inc., Q2 2015 Earnings Call, Aug 07, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2015
Glori Energy Inc., Etzold Greenfield Lab in Kansas
Merger/Acquisition
June 4, 2015
Bonnie View Field In South Texas
Merger/Acquisition
September 2, 2014
Three Additional Leases at Coke Field in Wood County, Texas
 

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