Joel Dumaresq, CEO of Molori commented, "the latest reserve report is further validation of Molori's strategy of acquiring non-producing oil wells, cost-effectively re-working those wells, and bringing them back into production. In the past 10 months, our partners at Ponderosa have increased gross PDP ("Proved Developed Producing") values from USD $1.3 million to over $21.9 million at the end of March. Molori is committed to expanding upon this core business strategy while at the same time assembling additional prospective acreage".
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