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Molori Energy Inc.

09:53 AM EST - Molori Energy Inc. : Provided an operational and National Instrument 51-101 reserve report update. Molori currently owns a 25% working interest in certain leases located in the bifurcated Texas panhandle owned by Texas-based independent oil and gas producer Ponderosa Energy, LLC. This latest NI 51-101 covers 66 of the leases in which Molori holds a working interest. Work is ongoing in a further 13 leases owned by Molori and Ponderosa, but not covered by this report. It is anticipated that the leases not covered by this report will constitute part of the next NI 51-101 presently being prepared on behalf of Ponderosa. Molori Energy Inc. shares V.MOL are trading unchanged at $0.30.