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:
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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:
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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.
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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.