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$MOLOF radar! Recently announced 420% increase in reserves and only 18M O/S!

Molori Energy Publishes Updated NI 51-101 Report and Demonstrates 420% Increase in Reserves

http://finance.yahoo.com/news/molori-energy-publishes-updated-ni-132000170.html

Molori Energy Inc. is an oil and gas production company with current operations in the Texas Panhandle. Founded in 2011, the experienced management team is aggressively acquiring select properties which provide immediate cash flow and development opportunities, now and in the years ahead. Molori is seizing the opportunity, in the current oil & gas environment, to assemble oil and gas production in nearby and politically safe jurisdictions. Molori is pursuing a business plan, whereby the Company either purchases producing oil and gas assets at highly attractive rates, or in some cases simply takes on existing assets by way of purchasing or assuming default notes from small regional lenders and institutions.

http://finance.yahoo.com/news/molori-energy-publishes-updated-ni-132000170.html

VANCOUVER, BC / ACCESSWIRE / March 13, 2017 / Molori Energy Inc. (MOL.V) (MOLOF) ("Molori" or the "Company") is pleased to provide an operational and National Instrument 51-101 reserve report ("NI 51-101") update.

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 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 presently being prepared on behalf of Ponderosa.

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 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 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.

The NI 51-101 was prepared in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook (the "COGE Handbook"), prepared jointly by the Society of Petroleum Evaluation Engineers (Calgary Chapter) and the Canadian Institute of Mining. Metallurgy & Petroleum (Petroleum Society).

Joel Dumaresq, CEO of Molori commented, "we are extremely pleased with the operational results of our investment in the Texas panhandle. A 600% increase in production and a 420% increase in reserves is in itself proof of concept for our businesses strategy. Capital together with good management and a calculated acquisition and development plan, has proved highly successful to date." Molori will continue to work alongside Ponderosa, with the goal to acquire and develop additional leases in hopes to increase production and reserves while keeping lease operating expenses low.

Proved Reserves Discounted Cash Flow Millions $ - 100%
Apr-16 Jan-17
PDP $ 1,257 $ 16,264
(Proved Developed Producing)
PDNP $ 2,893 $ 10,651
(Produced Developed Not Producing)
PV-10 (1P) $ 5,150 $ 26,915
(Total Proven)

- All numbers are in USD
- Molori Interest is 25%

* Per BOE amounts have been calculated by using the conversion ratio of six thousand cubic feet (6 MCF) of natural gas to one barrel (1 bbl) of crude oil. The BOE conversion ratio of 6 mcf to 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of natural gas as compared to oil is significantly different from the energy equivalent of 1:6, utilizing a conversion on a 1:6 basis may be misleading as an indication of value. The ratio of gas to oil was 70% gas and 30% oil in June 2016 and 40% gas and 60% oil in January 2017.

About Molori

Molori Energy Inc. is an oil and gas production company with current operations in the Texas Panhandle. Founded in 2011, the experienced management team is aggressively acquiring select properties which provide immediate cash flow and development opportunities, now and in the years ahead. Molori is seizing the opportunity, in the current oil & gas environment, to assemble oil and gas production in nearby and politically safe jurisdictions. Molori is pursuing a business plan, whereby the Company either purchases producing oil and gas assets at highly attractive rates, or in some cases simply takes on existing assets by way of purchasing or assuming default notes from small regional lenders and institutions.

Contact Information:

Joel Dumaresq
CEO and Director
Molori Energy Inc.
[phone]
[e-mail]
http://www.molorienergy.com