Molori Energy is pleased to provide an update regarding its operations in Moore County and Hutchinson County. On May 7, 2018, the Company announced the first of two "Letters of Intent" to acquire a 100% working interest in approximately 30,000 acres with access to the Red Cave and other formations. The acreage, located in Moore, Potter, Carson and [...]
Molori Energy announces today that the Company has signed an LOI to purchase a 100% working interest of which Molori will be the operator of record in an additional approximately 5,100 gross acres of land in Moore, Potter and Carson Counties, north Texas. The agreement calls for Molori to hold a 100% working interest in the leases, some of which [...]
Molori Energy announces today that the Company has signed an LOI to purchase a 100% working interest of which Molori will be the operator of record in approximately 30,000 gross acres of land in conjunction with its Red Cave oil and gas development play in Moore County. The approximately 30,000 acres in Moore County, Texas is held by production [...]
Molori Energy Inc. announces today that the Company has completed upon a trade with Ponderosa Energy, LLC of certain marginally-productive leases it shares with Ponderosa in Hutchinson County, Texas. As a result of the transaction, Molori will now have broad operatorship and hold a 100% 'operated' interest in all of its Red Cave oil and gas acreage [...]
Molori Energy is pleased to announce that the Company is selling oil produced from its Red Cave well, the Thompson 23-1R. The well was completed earlier this year following which the well was logged with the logs showing a hydrocarbon pay zone of approximately 40 feet across the 300 foot Red Cave zone. In January 2018, Molori's Borger-based [...]
Molori Energy is pleased to announce a commercial oil discovery on its acreage in Moore County, Texas. The "Thompson 23-1R" well, operated by Molori Energy, is a northern step-out well drilled in December 2017 where Molori Energy holds a seventy five percent working interest via its Thompson 26 and Thompson T2 leases. These leases directly adjoin [...]
Molori Energy is pleased to announce that it has drilled to target depth the first of eight planned Red Cave Appraisal wells upon the Company's Moore County, Texas acreage upon which Molori now holds a 75% working interest. The 23-1R well was drilled to a total measured depth of approximately 2,500 feet and was immediately logged. After evaluating [...]
Molori Energy is pleased to announce the spudding of a Red Cave appraisal well. At the same time, the Company has secured an additional 50 percent working interest bringing its holding in aggregate to a 75 percent working interest in two highly prospective leases in Moore County, Texas. These leases directly adjoin leases owned and operated by [...]
Molori Energy is pleased to announce the signing of a definitive agreement to secure a 75% working interest in certain oil and gas leases, known formally as the "Red Cave Leases" in District 10, Texas. The acquisition of these leases, covering 11,000 acres with access to Red Cave, and with access to other formations, is a key milestone of Phase 1 [...]
Molori Energy is pleased to announce the signing of a definitive agreement to purchase an additional 25% working interest in certain oil and gas leases from its Texas-based operating partner, Ponderosa Energy. This latest acquisition, combined with the 25% interest Molori presently has in these same leases, will bring Molori's overall interest to [...]
Molori Energy is pleased to report completion of its M1 well and initial results. The M1 well has been deemed a commercial success and is presently flowing between 20 and 25 bopd to surface. Results do not yet include gas content. Within the next 10-14 days, Molori will spud the M17 well which it anticipates completing in mid-October. Upon [...]
Molori Energy reports: Against the backdrop of Hurricane Harvey's devastating effects and unprecedented flooding in Southern Texas, Molori provides the following update on operations and Red Cave Drilling Program. Molori has operations in the Texas Panhandle in northern Texas. Harvey did not 'directly' damage this region and Molori's Texas-based [...]
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