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[iamnottheone]

hey good morning PG, MOLOF news today

$MOLOF news: Molori Energy Inc. Talks Hedging Strategy and Announces Appointment of Dedicated Investor Relations Professional

Borger, Texas--(Newsfile Corp. - June 21, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") announced that the Company alongside it's operating partner Ponderosa Energy LLC has been proactively engaged in a comprehensive hedge program to mitigate exposure to short term swings in energy prices.

While increasing production to the partnership from 40 boepd* in June of 2016 to over 400 boepd to date through a systematic campaign of well work-overs and re-completions, Ponderosa in tandem with Molori has forward sold approximately 9000 barrels per month of oil and gas production at an average price of USD $49 per barrel (WTI) for a period of up to 18 months.

The strategy that Molori and Ponderosa are employing involves pre-selling production as it comes 'online', with a mandate of fortifying cash flows and reducing the associated business and unstable cash flows associated with the volatility short term fluctuations in global energy prices.

Theo Van Der Linde, chief financial officer of Molori, stated: "As Molori gears up for our previously announced plans to drill our first exploratory wells into the Red Cave formation, we are pleased to announce that in concert with our operating partner Ponderosa Energy, Molori has hedged a significant portion of the Company's existing production. This strategy will provide Molori with the defensive foundation required to execute on the next stage of our growth. The capital from the Company's recent financing coupled with the current hedges in place, will see that Molori remain well-positioned to continue the Company's growth in production and reserves in spite of the recent softness in energy prices."

https://finance.yahoo.com/news/molori-energy-inc-talks-hedging-120000240.html