Glori Energy Inc. (NASDAQ:INXBU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Glori Energy Inc. (NASDAQ:INXBU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 16, 2016, December 19, 2016, and December 20, 2016, respectively, Rocky L. Duckworth, Mark Chess, and Ganesh Kishore resigned from the board of directors of Glori Energy Inc. (“Glori Energy”).

 

 

    
About Glori Energy Inc. (NASDAQ:INXBU)

Glori Energy Inc. (Glori) is an energy technology and oil production company. The Company owns and operates oil fields onshore in the United States, where the Company deploys its technology, and markets the AERO System as a technology service to exploration and production (E&P) companies globally. Its segments include Oil and Gas, AERO Services and Corporate. Its Oil and Gas Segment is engaged in the production and sale of oil and natural gas. The Oil and Gas Segment produces and develops the Company’s acquired oil and natural gas interests. The AERO Services Segment provides biotechnology solutions of enhanced oil recovery through a two-step process consisting of the Analysis Phase and the Field Deployment Phase. The Company owns Coke Field and Bonnie View Field. Glori owns approximately 95.2% working interest in over 45 gross and approximately 42.8 net productive oil wells and over 87.2% working interest in approximately five gross and over 4.4 net productive gas wells.

Glori Energy Inc. (NASDAQ:INXBU) Recent Trading Information

Glori Energy Inc. (NASDAQ:INXBU) closed its last trading session at 8.61 with shares trading hands.

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