Glori Energy (GLRI)

[dan_s]

Glori Energy Inc. (GLRI) is a Houston-based specialty oil company that deploys its breakthrough technology to recover more oil from existing reservoirs at a lower cost. Glori's proprietary AERO System recovers trapped oil by stimulating a reservoir's native microorganisms to sustainably increase the ultimate incremental recovery. Glori applies its technology to fields the company acquires and redevelops onshore in the U.S., and also provides its AERO System as a service to third party E&P companies. For more information, visit www.GloriEnergy.com.

This company co-hosted lunches for us in Dallas and Houston last year. I was very impressed by their team.

HOUSTON, Dec. 7, 2015 /PRNewswire/ -- Glori Energy Inc. (GLRI), an energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO™ System, today announced its participation in a new joint industry project that will run a sequence of laboratory tests (core floods) to assess the potential for biotechnology to help improve the efficiency and effectiveness of heavy oil production.

The goal of the joint industry partnership is to evaluate AERO's potential for increasing heavy oil recovery in Alberta, Canada. The partnership is funded by the Government of Alberta and Canadian E&P companies, with laboratory study support and assessment provided by Alberta Innovates – Technology Futures. The first-year work plan is focused on determining the efficacy of this novel technology in a controlled, unbiased setting.

The AERO System, developed by Houston-based Glori Energy in conjunction with Statoil A.S., is a highly efficient biotechnology process for increasing oil recovery from existing reservoirs. Currently, only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped. Typically, this recovery factor is significantly less in heavy oil reservoirs. If successful, AERO would increase the amount of oil recovered, lower the average cost per barrel and reduce the environmental impact of producing heavy oil.

AERO recovers trapped oil by stimulating a reservoir's native microorganisms to sustainably increase the ultimate incremental recovery. Glori applies its technology to fields the company acquires and redevelops onshore in the U.S., and it also provides its AERO System as a service to third-party exploration and production companies.

"Glori is excited to work with the Government of Alberta and leading oil companies in this partnership," said Michael R. Pavia, Ph.D., Chief Technology Officer of Glori. "We look forward to further broadening our technology platform through this collaboration and helping with the recovery of heavy oil in Canada."

This has HUGE potential in Canada. - Dan

[mkarpoff]

There are a couple of companies out there that purport to increase production (??) through vibration, heating, etc. Have any of them actually taken hold? Not that I am aware. It seems like the E&P companies just don't adopt these processes. If I am incorrect, I would sure like to know which has caught on, as it would probably be a very good investment.

[Fosterplc]

Somebody has been buying a whole bunch of Glori stock this week, trading volume was 7 million on Monday, versus normal of less than 90,000.
Either they are propping up the company or making a move to take it over. Total share holders is only 34 million.
I have a bunch of Glori stock at basement prices, which I bought after the EPG lunch presentation.
Should we expect some sort of announcement?

[dan_s]

Yesterday's announcement was a BIG DEAL for this micro-cap.

Feeding the "bugs" in formation does work. It has been around for awhile. Key is to find the right "food" and the right amount to feed them. Go to the Glori website to learn more.

[dan_s]

Operations update: http://finance.yahoo.com/news/glori-ene ... 00719.html

This company has a solid management team. Definitely worth keeping an eye on.