HOUSTON, Oct. 22, 2014 (GLOBE NEWSWIRE) -- Glori Energy Inc. (Nasdaq:GLRI), a specialty oil company that deploys its breakthrough technology to recover more oil from existing reservoirs at a lower cost, today announced that it will release its third quarter 2014 earnings before markets open on Wednesday, November 12, 2014. The company will host its earnings conference call the same day at 8 a.m. CST (9 a.m. EST) to provide commentary on Glori's financial and operating results for the quarter ended September 30, 2014.
Glori invites interested parties to join the conference call by dialing (877) 604-9371 or (678) 825-8232 (international) (Conference ID: 17667714) or accessing the audio webcast via the Investor Relations section of Glori's website at www.glorienergy.com. Participants are asked to join the conference at least 10 minutes prior to the scheduled start time.
A telephonic replay of the conference call will be made available approximately three hours after the call on November 12, 2014 through November 19, 2014. Participants may access the replay by dialing (855) 859-2056 (toll free) or (404) 537-3406 (international). A written transcript will also be available approximately 24 hours after the call via the Investor Relations section of Glori's website at www.glorienergy.com.
In addition, Glori will present at the Robert W. Baird Industrial Conference on Wednesday, November 12 at 9:30 a.m. CST at the Four Seasons Hotel in Chicago. Glori Energy CEO Stuart Page and CFO Victor Perez will present on behalf of the company. A live audio webcast and the archived replay of the presentation will be available via the investor section of Glori's website at www.glorienergy.com.
ABOUT GLORI ENERGY INC.
Glori Energy Inc. (Nasdaq:GLRI) is a Houston-based specialty oil company that deploys its breakthrough technology to recover more oil from existing reservoirs at a lower cost. Only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped. Glori's proprietary AERO System 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 System as a service to third party E&P companies. For more information, visit www.GloriEnergy.com.
FORWARD LOOKING STATEMENTS
Any statements contained herein which are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements identified by or containing words like "believes," "expects," "anticipates," "intends," "estimates," "projects," "potential," "target," "goal," "plans," "objective," "should", or similar expressions. All statements by us regarding our possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives and similar matters are forward-looking statements. Glori gives no assurances that the assumptions upon which such forward-looking statements are based will prove correct. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions (many of which are beyond our control), and are based on information currently available to us. Actual results may differ materially from those expressed herein due to many factors, including, without limitation: the risk that any projections, including earnings, revenues, expenses, margins, or any other financial expectations are not realized; oil production rates; oil prices; the efficacy of changes in oil fields acquired; competition and competitive factors in the markets in which Glori operates; the expected cost of recovering oil using the AERO System, demand for Glori's AERO System and expectations regarding future projects; adaptability of the AERO System and development of additional capabilities that will expand the types of oil fields to which Glori can apply its technology; plans to acquire and develop additional oil fields and the availability of debt and equity financing to fund any such acquisitions; the percentage of the world's reservoirs that are suitable for the AERO System; the advantages of the AERO System compared to other enhanced oil recovery methods; and Glori's ability to develop and maintain positive relationships with its customers and prospective customers. Although Glori believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurances that such expectations will prove to be correct. These risks are more fully discussed in Glori's filings with the Securities and Exchange Commission. Glori undertakes no obligation to update any forward-looking statements contained herein to reflect events or circumstances, which arise after the date of this document except as required by law.