Molori Energy Inc. (TSX.V: MOL) is an oil and gas production company with current operations in the Texas Panhandle. Founded in 2011, the experienced management team is aggressively acquiring select properties which provide immediate cash flow and development opportunities, now and in the years ahead.
Molori is thriving in an environment of low oil prices. The fact that Molori has no debt, has positioned the company extremely well to benefit from the continuing rebound in oil prices. Having no debt and cash on hand, is crucial to Molori’s strategy to acquire assets and production during this period of low energy prices.
Molori has managed to keep lease operating expenses less than $20/BOE, while being able to increase gross production from 40/BOEPD to over 400 BOEPD in only 9 months of operations.
Molori’s business model focuses on assets with:
- High working interest
- Operational and infrastructure control
- Low geologic risk
- Low risk exploitable upside
- Low decline rates
- High rates of success in return to production well workovers