(GLRI) SeeThruEquity Initiates Research Coverage, Target Price of $13.37

New York, NY / June 9, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has initiated coverage on Glori Energy, Inc. (“Glori”) (NASDAQ: GLRI), an energy technology company.

“We are pleased to add Glori Energy to our research coverage universe and are intrigued by its proprietary AERO(TM) System, a highly efficient, biotechnology process for increasing oil recovery from existing reservoirs. Only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped. Glori’s AERO technology recovers trapped oil by stimulating a reservoir’s native microorganisms to sustainably increase the ultimate incremental recovery. To further validate the technology and gain critical field experience, Glori has provided its AERO System as a service to third party E&P companies. The company is now beginning the process of applying its technology to fields it acquires and redevelops onshore in the U.S.,” commented Ajay Tandon, CEO of SeeThruEquity. “We look forward to following the company’s progress and are initiating coverage with a price target of $13.37 per share.”

Additional investment highlights are as follows:

– Biotech meets oil production with AERO(TM) technology. Glori’s AERO(TM) (Activated Environment for Recovery of Oil) System is a highly efficient, environmentally sustainable, cost-effective solution for increasing oil recovery from existing reservoirs. The AERO(TM) System enhances production from waterflooded fields by stimulating a reservoir’s naturally occurring microbes to improve water sweep and oil mobility. The addition of the AERO(TM) System to an ongoing waterflood can deliver the industry’s most cost-effective and successful Enhanced Oil Recovery (“EOR”) technology available today, with potential ultimate incremental recovery of an additional 9-12% of the Original Oil in Place (“OOIP”). Glori has completed a dozen projects around the globe with very promising results, demonstrating 60-100% growth in oil production after six months of AERO(TM) implementation.

– “Arbitrage” on conventional oil well asset valuation methodology. Glori’s next major avenue of growth is its oil assets acquisition strategy. The company plans to acquire mature, producing fields located onshore in North America that conform to the AERO(TM) screening criteria. By capturing 100% of the AERO(TM) -related production increases and enhancing property returns using operating leverage, Glori plans to create a growing portfolio of producing properties, with predictable revenue and cash flow streams and significantly extended economic limits. Using an AERO(TM) “arbitrage” to increase production, Glori will have acquired the properties at prices far below the value after AERO(TM) implementation. Glori is focusing its current acquisition efforts in Texas and the Illinois Basins, and plans to make three acquisitions a year over the 2014-2018E timeframe. Even with its rigorous “reservoir up” data research and analysis screening process, Glori reports over 200 actionable projects under review in the three basins.

– Services revenue provides diversification, valuable experience. Glori also derives revenues by providing its AERO(TM) System as a service offering to third party exploration and production companies. Glori utilizes the identical process and technology in its service segment as it intends to use in its proprietary properties. Glori has projects in process in North America, South America and the Middle East, with an impressive roster of clients.

The report is available here: GLRI Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms.

Please review important disclosures on our website at www.seethruequity.com.

About Glori Energy Inc.
Glori Energy Inc. is a Houston-based energy technology company known for its proprietary AEROTM System, a highly efficient, biotechnology process for increasing oil recovery from existing reservoirs. Only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped. Glori’s AERO technology recovers trapped oil by stimulating a reservoir’s native microorganisms to sustainably increase the ultimate incremental recovery. Glori applies its technology to fields the company acquires and redevelops onshore in the U.S., and also provides its AERO System as a service to third party E&P companies.

For more information, visit www.GloriEnergy.com.

About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
(646) 495-0939