May 25, 2013 12:13 PM ET

Energy Equipment and Services

Company Overview of Glori Energy, Inc.

Company Overview

Glori Energy, Inc. engages in the recovery of barrels of oil trapped in reservoirs using existing oil wells. It offers Activated Environment for Recovery of Oil System, which enhances production from waterflooded wells by stimulating the reservoirs naturally occurring microbes to improve water sweep and oil mobility. The company was formerly known as Glori Oil Limited and changed its name to Glori Energy Inc. in May 2011. Glori Energy, Inc. was founded in 2005 and is headquartered in Houston, Texas.

4315 South Drive

Houston, TX 77053

United States

Founded in 2005

23 Employees

Phone:

713-237-8880

glorienergy.com

Key Executives for Glori Energy, Inc.

Chief Executive Officer
Age: 49
Founder
Age: 72
Chief Financial Officer
Age: 59
Senior Vice President of Operations
President of Glori Holdings
Compensation as of Fiscal Year 2012.

Glori Energy, Inc. Key Developments

Glori Energy, Inc. Appoints Tor Meling as Vice President, Reservoir Engineering

Glori Energy, Inc. announced the appointment of Tor Meling as Vice President, Reservoir Engineering. Mr. Meling will apply his extensive industry experience in support of Glori's service business and strategy to acquire end-of-life and abandoned oil fields for increased oil production. Mr. Meling has over 25 years of experience in reservoir engineering and production analysis and forecasting. Prior to joining Glori, Mr. Meling served as Vice President of Global Powerwave Implementation at Wavefront Reservoir Technologies Ltd. where he was responsible for the screening, planning implementation, and analysis of Wavefront projects globally. He also served as Senior Reservoir Engineer for BP Canada, Senior Reservoir Engineer at Wytch Farm Asset, Vice President of Technology and Business Development at Prism Production Technologies Inc., and Lead Engineer at Eileen West End.

Glori Energy, Inc. Announces Collaboration with the Winogradsky Institute of Microbiology of the Russian Academy of Sciences

Glori Energy, Inc. announced the signing of a strategic research collaboration with the Winogradsky Institute of Microbiology of the Russian Academy of Sciences. The collaboration will focus on the microbiology of carbonate oil reservoirs. Shared knowledge and research will be used to develop effective enhanced oil recovery methods to be used in carbonate reservoirs and complement Glori's AERO System. The collaboration builds on Glori's strategy of identifying leaders in the field of enhanced oil recovery research around the world and engaging in collaborative ventures to advance Glori's product offerings. Glori has already successfully employed this strategy with Norway's Statoil and India's TERI (The Energy and Resources Institute in New Delhi). The Winogradsky Institute collaboration represents another important step in advancing Glori's mission of sustainably and efficiently recovering billions of barrels of unrecovered oil.

Glori Energy, Inc. Presents at Hart Energy Publishing LLLP's 5th Annual Energy Capital Conference 2012, Jun-06-2012 03:40 PM

Glori Energy, Inc. Presents at Hart Energy Publishing LLLP's 5th Annual Energy Capital Conference 2012, Jun-06-2012 03:40 PM. Venue: Omni Houston Hotel, 4 Riverway Dr., Houston, TX 77056, United States. Speakers: Victor M. Perez, Chief Financial Officer.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 30, 2013
--
Merger/Acquisition
December 26, 2012
An Oilfield Asset
Private Placement
June 11, 2012
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