Molori Energy is pleased to announce that site preparation is presently underway for the company's first of three Red Cave wells to be drilled in District 10, Texas. Molori's Texas-based operating partner has submitted permits for the next two Red Cave wells the company plans to drill and anticipates receipt of those permits by mid-August. The [...]
Molori Energy is pleased to report that its Texas-based operating partner, Ponderosa Energy, has secured a reserve based loan facility from a Texas bank. The proceeds of the RBL, together with cash on hand and current cash flows, will initially be applied towards the accelerated development of its well re-completion program. The initial facility [...]
Molori Energy announced that the Company alongside it's operating partner Ponderosa Energy LLC has been proactively engaged in a comprehensive hedge program to mitigate exposure to short term swings in energy prices. While increasing production to the partnership from 40 boepd* in June of 2016 to over 400 boepd to date through a systematic campaign [...]
Molori Energy, announces that on May 31, 2017, the Company completed upon an agreement to acquire a 25-per-cent working interest in certain leases owned and operated by Ponderosa Energy LLC. This acquisition is in addition to the 25-per-cent working interest in certain leases originally acquired on June 6, 2016. The additional properties comprise [...]
Molori Energy, wishes to remind shareholders and investors that the Company has scheduled a conference call for Wednesday, May 24 at 11:00am EDT to discuss progress relating to its core well-rehabilitation business, as well as the exciting opportunity it's pursuing in the Red Cave. Participating on the call will be Molori CEO Joel Dumaresq, along [...]
Molori Energy, is pleased to provide some preliminary operating results for the three and six-month period ending April 30, 2017. The Company plans to report complete Q2 financial results before June 29, 2017. Highlights for the three and six-month period ending April 30, 20171 February to April 2017 ("Q2") production came in at a total of 31,800 [...]
Molori Energy is pleased to announce the closing of a non-brokered private placement offering announced on April 11, 2017. The Private Placement closed at 7,000,360 units at a price of $0.30 per Unit for a total of $2,100,108. Each Unit will be comprised of one common share and and half common share purchase warrant. Each full warrant gives the [...]
Molori Energy is pleased to provide an operational and National Instrument 51-101 reserve report update. Molori currently owns a 25 percent working interest in certain leases located in the bifurcated Texas panhandle owned by Texas-based independent oil and gas producer Ponderosa Energy, LLC ("Ponderosa"). This latest NI 51-101 covers 77 of the [...]
Molori Energy is pleased to announce that its partner, Ponderosa Energy LLC, has optioned an undivided interest in approximately 4,000 acres with Red Cave rights in Moore County, Texas. The new leases are within a 30 minute drive of its other Panhandle properties, but offer significant blue sky development opportunities. The Red Cave formation, an [...]
Molori Energy is pleased to announce that as part of its continuing re-development program, the Company has, in the past 60 days, successfully returned to production the State A and State C leases in Hutchinson County, Texas. The total portfolio of available well inventory in these leases is 42 oil wells and 12 gas wells (total of 54 wells). Of the [...]
VANCOUVER, March 13, 2017 /CNW/ - Molori Energy Inc. (TSXV: MOL; OTCQB: MOLOF) ("Molori" or the "Company") is pleased to provide an operational and National Instrument 51-101 reserve report ("NI 51-101") update. Molori currently owns a 25 percent working interest in certain leases located in the bifurcated Texas panhandle owned by Texas-based [...]
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") is pleased to report that it has entered into an agreement to acquire a 25% working interest in certain leases owned and operated by Ponderosa Energy, LLC. This acquisition is in addition to the 25% working [...]
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