June 1, 2015

Glori Energy to Keynote Industry Conference on Biology in Oil Systems in Stavanger, Norway

HOUSTON, June 1, 2015 /PRNewswire/ -- Glori Energy Inc. (NASDAQ: GLRI), an energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO System, announced that Dr. Brian Clement, Vice President-Technology, will deliver a keynote talk on Wednesday, June 3 at the 5th International Symposium on Applied Microbiology and Molecular Biology in Oil Systems in Stavanger, Norway. 

The presentation, entitled "Enhancing Oil Recovery in Waterflooded Oil Fields with a Commercial, Microbial Process," showcases data from several field projects in the U.S., Canada and the North Sea and demonstrates the impact of biology on oil reservoirs. Microbiology has proven to be a powerful agent in improving the economics of oil production and optimizing resource recovery by increasing total recoverable reserves by more than 10% while simultaneously decreasing water usage by an order of magnitude throughout the life of the field.

"Glori is very excited to share its proven AERO field results in Stavanger that demonstrate increased production, lower lifting costs and extended economic life for existing oil fields," said Dr. Michael Pavia, Glori Energy Chief Technology Officer.  "We consider this conference to be an important forum to introduce our Residual Oil Flow (ROF™) Model with both academic and industry scientists.  The ROF Model describes the novel recovery mechanism observed in AERO projects, and we believe it will ultimately change how the industry views the use of biology for enhanced oil recovery."

Glori's presentation will be available the day of the talk in the Investor Relations section of the Company's website at www.glorienergy.com under Events & Presentations.

The Stavanger conference is the largest event on microbiology and molecular biology in the oil and gas industry with a focus on the application of emerging microbial and molecular tools to help resolve challenges faced by the industry. For more information about the Symposium, visit http://ismos-5.org/.

ABOUT GLORI ENERGY INC.

Glori Energy is a Houston-based energy technology and oil production company that deploys its proprietary AERO technology to increase the amount of oil that can be produced from conventional oil fields. Glori owns and operates oil fields onshore U.S. and additionally provides its technology as a service to E&P companies globally. Only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped in the rock. Glori's proprietary AERO System recovers residual oil by stimulating a reservoir's native microorganisms to sustainably increase the ultimate recovery at a low cost.  For more information, visit www.GloriEnergy.com.

FORWARD LOOKING STATEMENTS

Any statements contained herein which are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements identified by or containing words like "believes," "expects," "anticipates," "intends," "estimates," "projects," "predicts," "potential," "target," "goal," "plans," "objective," "should," "will," or similar expressions. All statements by us regarding our possible or assumed future results of our business, financial condition, liquidity, results of operations, models, plans and objectives and similar matters are forward-looking statements. Glori gives no assurances that the assumptions upon which such forward-looking statements are based will prove correct.  Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions (many of which are beyond our control), and are based on information currently available to us. Actual results may differ materially from those expressed herein due to many factors, including, without limitation: the risk that any projections, including models, earnings, revenues, expenses, margins, or any other financial expectations are not realized; oil production rates; oil prices; the efficacy of changes in oil fields acquired or treated by us; competition and competitive factors in the markets in which Glori operates; the expected cost of recovering oil using the AERO System, demand for Glori's AERO System and expectations regarding future projects; adaptability of the AERO System and development of additional capabilities that will expand the types of oil fields to which Glori can apply its technology; plans to acquire and develop additional oil fields and the availability of debt and equity financing to fund any such acquisitions; the percentage of the world's reservoirs that are suitable for the AERO System; the advantages of the AERO System and our refinements thereto compared to other enhanced oil recovery methods; and Glori's ability to develop and maintain positive relationships with its customers and prospective customers. Although Glori believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurances that such expectations will prove to be correct. These risks are more fully discussed in Glori's filings with the Securities and Exchange Commission. Glori undertakes no obligation to update any forward-looking statements contained herein to reflect events or circumstances, which arise after the date of this document except as required by law.

Glori Energy
Victor M. Perez
Chief Financial Officer
713-237-8880
ir@glorienergy.com

Investor Relations Counsel
Lisa Elliott/ Anne Pearson
Dennard-Lascar Associates
713-529-6600
lelliott@DennardLascar.com
apearson@DennardLascar.com

 

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SOURCE Glori Energy Inc.

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