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$MOLOF ~ Joel Dumaresq, CEO of Molori commented, "As evidenced by the recently-disclosed NI 51-101 reserve report (see press release dated March 13, 2017), the Molori and Ponderosa partnership has increased P1 reserves to approximately USD $27 million while at the same time successfully re-working over 70 wells and improving daily production to an average of approximately 380 BOEPD. We fully intend to invest further in building reserves and production, with the goal of reaching our stated near-term production goal of 1,000 BOEPD by this time next year."

Molori holds a 25% working interest in certain leases owned by Borger, Texas based Ponderosa Energy, LLC.

$MOLOF Demonstrates 420% Increase in Reserves
http://www.molorienergy.com/recent-news/molori-energy-publishes-updated-ni-51-101-report-and-demonstrates-420-increase-in-reserves