Glori Energy Announces Extension of Time to Cure Listing Deficiency and First Quarter 2016 Earnings Release and Conference Call Schedule
HOUSTON, April 27, 2016 /PRNewswire/ -- Glori Energy Inc. (NASDAQ: GLRI), an energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO® System, announced today that it received a letter from the NASDAQ Stock Market LLC ("Nasdaq") granting the Company an additional 180 days to regain compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on The Nasdaq Capital Market. The Company has until October 17, 2016 to regain compliance.
Glori also announced that it will release its first quarter 2016 financial results on Friday, May 13, 2016 before the market opens. In conjunction with the news release, Glori has scheduled a conference call the same day at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Investors may participate either by phone or audio webcast.
By Phone:
Dial 1- 877-407-0672 or 1-412-902-0003 (international) at least 10 minutes before the call. A telephone replay will be available through May 19 by dialing 1-877-660-6853 or 1-201-612-7415 (international) and using the conference ID 13636119#.
By Webcast:
Visit the Events & Presentation page under the Investor Relations section of Glori's website at www.glorienergy.com. Please log on at least 10 minutes early to register and download any necessary software. A replay will be available shortly after the call.
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.
Glori Energy Contact
Victor M. Perez
Chief Financial Officer
713-237-8880
ir@glorienergy.commailto:
Investor Relations Counsel
Lisa Elliott / Anne Pearson
Dennard-Lascar Associates
713-529-6600
lelliott@DennardLascar.com
apearson@DennardLascar.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/glori-energy-announces-extension-of-time-to-cure-listing-deficiency-and-first-quarter-2016-earnings-release-and-conference-call-schedule-300258220.html
SOURCE Glori Energy Inc.
HOUSTON, April 27, 2016 /PRNewswire/ -- Glori Energy Inc. (NASDAQ: GLRI), an energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO® System, announced today that it received a letter from the NASDAQ Stock Market LLC ("Nasdaq") granting the Company an additional 180 days to regain compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on The Nasdaq Capital Market. The Company has until October 17, 2016 to regain compliance.
Glori also announced that it will release its first quarter 2016 financial results on Friday, May 13, 2016 before the market opens. In conjunction with the news release, Glori has scheduled a conference call the same day at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Investors may participate either by phone or audio webcast.
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By Phone: |
Dial 1- 877-407-0672 or 1-412-902-0003 (international) at least 10 minutes before the call. A telephone replay will be available through May 19 by dialing 1-877-660-6853 or 1-201-612-7415 (international) and using the conference ID 13636119#. |
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By Webcast: |
Visit the Events & Presentation page under the Investor Relations section of Glori's website at www.glorienergy.com. Please log on at least 10 minutes early to register and download any necessary software. A replay will be available shortly after the call. |
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.
Glori Energy Contact
Victor M. Perez
Chief Financial Officer
713-237-8880
ir@glorienergy.commailto:
Investor Relations Counsel
Lisa Elliott / Anne Pearson
Dennard-Lascar Associates
713-529-6600
lelliott@DennardLascar.com
apearson@DennardLascar.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/glori-energy-announces-extension-of-time-to-cure-listing-deficiency-and-first-quarter-2016-earnings-release-and-conference-call-schedule-300258220.html
SOURCE Glori Energy Inc.