Glori Energy Announces Participation in New Joint Industry Project Exploring Potential for Biotechnology to Increase Heavy Oil Recovery

HOUSTON, Dec. 7, 2015

The goal of the joint industry partnership is to evaluate AERO's potential for increasing heavy oil recovery in Alberta, Canada. The partnership is funded by the Government of Alberta and Canadian E&P companies, with laboratory study support and assessment provided by Alberta Innovates – Technology Futures. The first-year work plan is focused on determining the efficacy of this novel technology in a controlled, unbiased setting.

The AERO System, developed by Houston-based Glori Energy in conjunction with Statoil A.S., is a highly efficient biotechnology process for increasing oil recovery from existing reservoirs. Currently, only one-third of all oil discovered in a typical reservoir is recoverable using conventional technologies; the rest remains trapped. Typically, this recovery factor is significantly less in heavy oil reservoirs. If successful, AERO would increase the amount of oil recovered, lower the average cost per barrel and reduce the environmental impact of producing heavy oil.

AERO 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 it also provides its AERO System as a service to third-party exploration and production companies.

"Glori is excited to work with the Government of Alberta and leading oil companies in this partnership," said Michael R. Pavia, Ph.D., Chief Technology Officer of Glori. "We look forward to further broadening our technology platform through this collaboration and helping with the recovery of heavy oil in Canada."

About Glori Energy

Glori Energy Inc. (NASDAQ: GLRI) is a Houston-based specialty oil company that deploys its breakthrough technology to recover more oil from existing reservoirs at a lower cost. Glori's proprietary AERO System 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.