Glori Energy Inc. (NASDAQ: GLRI) is a Houston-based energy technology and oil production company focused on enhanced oil recovery using its proprietary AERO™ Technology, a highly efficient, biotechnology process for increasing oil recovery from existing reservoirs. Only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped.

Glori’s AERO Technology recovers trapped oil by stimulating a reservoir’s native microorganisms to sustainably increase the ultimate incremental recovery. Glori applies its technology to fields the company acquires and redevelops onshore in the U.S., and also provides its AERO Technology as a service to third party E&P companies.

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2015-11-25 15:52:03
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