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As the new Trump administration has acted more friendly to the Oil and Gas sector and the Energy Industry as a whole, Oil and Gas Companies remain cautiously optimistic moving forward over the next few years. The industry is looking for deregulation moves that may turn out to be very beneficial for Companies such as: Molori Energy Inc. MOLOF, +0.48% Canadian Natural Resources Limited CNQ +2.44% Marathon Oil Corporation MRO, +0.42% Chesapeake Energy Corporation CHK, +1.34% and Transocean Ltd. RIG, +2.58%

Molori Energy Inc. (OTCQB:MOLOF)(MOL) Publishes Updated NI 51-101 Report and Demonstrates 420% Increase in Reserves - Molori currently owns a 25 percent working interest in certain leases located in the bifurcated Texas panhandle owned by Texas-based independent oil and gas producer Ponderosa Energy, LLC ("Ponderosa"). This latest NI 51-101 reserve report covers 66 of the leases in which Molori holds a working interest. Work is ongoing in a further 13 leases owned by Molori and Ponderosa, but not covered by this report. It is anticipated that the leases not covered by this report will constitute part of the next NI 51-101 report presently being prepared on behalf of Ponderosa. Read this and more news for Molori Energy at: http://marketnewsupdates.com/news/molof.html

In summary, the initial projected average production was 40 barrels of oil equivalent per day ("BOEPD")* in June 2016, when Molori made its first investment into Ponderosa. For the month of January 2017, production averaged 280 BOEPD, a 600% increase in daily average production. This production increase is due primarily to an aggressive work-over plan employing working capital committed by Molori to return non-producing wells to production, while keeping Lease Operating Expenses low due to tight cost controls and already established management.

Further, the initial NI 51-101 reserve report dated April 1, 2016 resulted in US$5.15 million of 1P (Total Proven Reserves) consisting of US$1.25 million PDP (Proved Developed Producing) and US$2.89 million PDNP (Proved Developed non-Producing). The new updated NI 51-101 reserve report dated March 08, 2017, effective January 2017 and prepared by Amiel David, Ph.D of PeTech Enterprises Inc, has resulted in US$26.9 million 1P (Total Proven Reserves), a 420% increase, including USD$16.26 million in PDP and US$10.65 million PDNP. The resulting increase is a result of a successful work-over plan, and the fact that Ponderosa had as many as 10 work-over rigs employed during much of that time.

http://www.marketwatch.com/story/marketnewsupdatescom-oil-and-gas-stocks-continued-optimism-fueled-by-new-administrations-stance-on-us-exploration-and-production-2017-03-13