Molori Energy Provides Corporate Update
Moore County, Texas--(Newsfile Corp. - July 23, 2018) - Molori Energy Inc. (TSXV: MOL) (OTC Pink: MOLOF) ("Molori" or the "Company") is pleased to provide an update regarding its operations in Moore County and Hutchinson County, Texas.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 Hutchinson counties,...
2018-07-23 7:00 AM EDT
Molori Energy Moves To Fill Out Red Cave Portfolio With Proposed Acquisition of Additional 5100 Acres
Moore County, Texas--(Newsfile Corp. - May 22, 2018) - Molori Energy Inc. (TSXV: MOL) (OTC Pink: MOLOF) ("Molori" or the "Company") announces today that the Company has signed an LOI ("Letter of Intent") to purchase a 100% working interest of which Molori will be the operator of record in an additional approximately 5,100 gross acres (collectively "the leases") of land in Moore, Potter and Carson Counties, north Texas.The agreement calls for Molori to hold a 100% working interest in...
2018-05-22 7:00 AM EDT
Molori Energy to Acquire Additional 30,000 Acres in Red Cave Oil Play
Moore County, Texas--(Newsfile Corp. - May 7, 2018) - Molori Energy Inc. (TSXV: MOL) (OTC Pink: MOLOF) ("Molori" or the "Company") announces today that the Company has signed an LOI ("Letter of Intent") 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, Texas.The approximately 30,000 acres in Moore County, Texas is held by...
2018-05-07 8:00 AM EDT
Molori Energy Doubles Down on Red Cave Oil Play
Borger, Texas--(Newsfile Corp. - April 25, 2018) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 in nearby Moore County, Texas.With oil...
2018-04-25 7:00 AM EDT
Molori Commences Sales of Oil from Red Cave- Further Demonstrating Proof of Concept
Borger, Texas--(Newsfile Corp. - April 18, 2018) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or "the Company") is pleased to announce that the Company is selling oil produced from its Red Cave well, the Thompson 23-1R ("The well").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 operational team completed...
2018-04-18 7:00 AM EDT
Molori Energy's Thompson 23-1R Well Flows Oil
Borger, Texas--(Newsfile Corp. - February 22, 2018) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or "the Company") 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 (75%) working interest via its Thompson 26 and Thompson T2 leases. These leases directly adjoin to leases owned and operated...
2018-02-22 8:00 AM EST
Molori Drills 48 Net Feet of Pay in Red Cave, and Successfully Completes Largescale Frac of 23-1R Well
Borger, Texas--(Newsfile Corp. - January 22, 2018) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or "the Company") is pleased to announce that it has drilled to target depth the first of eight planned Red Cave Appraisal wells (''The Thompson 23-1R Well'') 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 the...
2018-01-22 8:30 AM EST
Molori Spuds Red Cave Appraisal Well
Borger, Texas--(Newsfile Corp. - December 13, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or "the Company") is pleased to announce the spudding of a Red Cave appraisal well ("The well or "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 Adams...
2017-12-13 8:30 AM EST
IIROC Trade Resumption - Molori Energy Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - Trading resumes in: Company: Molori Energy Inc.
2017-10-26 8:34 AM EDT
Molori Acquires 11,000 Acres with Red Cave Access and Plans to Drill 8 Wells as Operator
Borger, Texas--(Newsfile Corp. - October 26, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 of...
2017-10-26 7:00 AM EDT
IIROC Trade Halt - Molori Energy Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - The following issues have been halted by IIROC: Company:
2017-10-25 1:10 PM EDT
Molori Strikes Deal Increasing Working Interest to 50 Percent and Securing an Additional USD $7.5 Million Interest in Reserves
Borger, Texas--(Newsfile Corp. - October 17, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 LLC ("Ponderosa"). This latest acquisition, combined with the 25% interest Molori presently has in these same leases, will bring Molori's overall interest to 50%. In...
2017-10-17 8:00 AM EDT
Molori Provides Update on Exploration Program
Borger, Texas--(Newsfile Corp. - September 27, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 (barrels of oil per day) 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....
2017-09-27 9:31 AM EDT
Molori Announces Update on Operations and Red Cave Drilling Program
Borger, Texas--(Newsfile Corp. - September 11, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") reports:Against the backdrop of Hurricane Harvey's ("Harvey") devastating effects and unprecedented flooding in Southern Texas, U.S.A., 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 operating partner...
2017-09-11 10:32 AM EDT
Molori Energy Inc. Announces Update On Drilling Program
Borger, Texas--(Newsfile Corp. - August 9, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 permits will cover various leases,...
2017-08-09 8:55 AM EDT
Molori Energy Inc. Funded and Ready to Commence Drilling Program in Texas Panhandle
Borger, Texas--(Newsfile Corp. - July 20, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") is pleased to report that its Texas-based operating partner, Ponderosa Energy, LLC ("Ponderosa") has secured a reserve based loan ("RBL") 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 size is USD...
2017-07-20 8:00 AM EDT
Molori Energy Inc. Talks Hedging Strategy and Announces Appointment of Dedicated Investor Relations Professional
Borger, Texas--(Newsfile Corp. - June 21, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") 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 of well work-overs and...
2017-06-21 8:00 AM EDT
Molori Energy Inc. Completes Previously-Announced Acquisition
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company"), 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 (see March 3, 2017 news release). This acquisition is in addition to the 25-per-cent working interest in certain leases originally acquired on June 6, 2016.The additional properties...
2017-06-05 6:00 AM EDT
Molori Hosts Call To Discuss Advances In Core Workover Business And Plans To Drill Red Cave
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company"), wishes to remind shareholders and investors that the Company has scheduled a conference call for Wednesday, May 24 at 11:00am EDT (8:00am PDT) 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 with Richard...
2017-05-23 7:19 PM EDT
Molori Energy Issues Preliminary Q2 Production Results
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company"), 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, 20171February to April 2017 ("Q2") production came in at a total of 31,800 barrels of oil equivalent...
2017-05-18 9:05 AM EDT