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April 26, 2015 9:48 PM ET

Energy Equipment and Services

Company Overview of Glori Energy Technology Inc.

Company Overview

Glori Energy Technology 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...

10350 Richmond Avenue

Suite 850

Houston, TX 77042

United States

Founded in 2005

42 Employees

Phone:

713-237-8880

Key Executives for Glori Energy Technology Inc.

Chief Executive Officer, President, Director and Member of Risk Committee
Age: 51
Total Annual Compensation: $332.2K
Chief Financial Officer
Age: 61
Total Annual Compensation: $254.3K
Compensation as of Fiscal Year 2013.

Glori Energy Technology Inc. Key Developments

Glori Energy Technology Inc. Presents at IPAA's OGIS New York, Apr-21-2015 03:15 PM

Glori Energy Technology Inc. Presents at IPAA's OGIS New York, Apr-21-2015 03:15 PM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, New York, United States.

Glori Energy Technology Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015

Glori Energy Technology Inc. Presents at 43rd Annual Scotia Howard Weil Energy Conference, Mar-24-2015 . Venue: Roosevelt New Orleans Hotel, 130 Roosevelt Way, New Orleans, Louisiana, United States.

Glori Energy, Inc. Reports Consolidated Operating and Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Glori Energy, Inc. reported consolidated operating and earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $3,843,000 against $785,000 a year ago. Loss from operations was $17,709,000 against $4,557,000 a year ago. Net loss before taxes on income was $11,640,000 against $5,402,000 a year ago. Net loss was $11,656,000 or $0.37 per basic and diluted share against $5,402,000 or $4.76 per basic and diluted share a year ago. LBITDA was $9,233,000 compared to $5,037,000 a year ago. Adjusted LBITDA was $2,045,000 against $2,016,000 a year ago. For the year, the company reported total revenues of $15,859,000 against $3,219,000 a year ago. Loss from operations was $24,018,000 against $10,172,000 a year ago. Net loss was $18,756,000 or $0.65 per basic and diluted share against $10,609,000 or $9.61 per basic and diluted share a year ago. Net loss before taxes on income was $18,547,000 against $10,609,000 a year ago. Net cash used in operating activities was $8,186,000 against $6,553,000 a year ago. Purchase of proved oil and gas property was $41,353,000 against $60,000 a year ago. Purchase of other property and equipment was $1,009,000 against $470,000 a year ago. LBITDA was $10,900,000 compared to $9,028,000 a year ago. Adjusted LBITDA was $5,573,000 compared to $6,656,000 a year ago. For the fourth quarter oil and gas production volumes increased to 525 net barrels of oil equivalent per day ("BOE/D") from 502 BOE/D in third quarter 2014. 57% of liquids production in fourth quarter was hedged at $94.11 per barrel.

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