Glori Energy (GLRI) Reports Q2 Loss of $0.07/Share

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Go back to Glori Energy (GLRI) Reports Q2 Loss of $0.07/Share

Glori Energy Reports Second Quarter 2016 Operating and Financial Results

August 11, 2016 6:30 AM EDT

HOUSTON, Aug. 11, 2016 /PRNewswire/ -- Glori Energy Inc. (NASDAQ: GLRI), an energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO® System, today reported financial and operating results for the three and six months ended June 30, 2016.  

Net loss for the quarter of $3.2 million, or a loss of $0.10 per common share, which includes the impact of a $1.2 million unrealized loss on commodity derivatives, versus net loss of $4.9 million, or a loss of $0.15 per common share in the 2015 quarter, which included the impact of a... More