Glori Energy Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2016. Net loss for the quarter of $3.2 million, or a loss of $0.10 per common share, which includes the impact of a $1.2 million unrealized loss on commodity derivatives, versus net loss of $4.9 million, or a loss of $0.15 per common share in the 2015 quarter, which included the impact of a $1.6 million unrealized loss on commodity derivatives. Adjusted net loss for the quarter was $2.1 million, or a loss of $0.07 per common share, a 30% improvement versus an adjusted net loss of $3.3 million, or a loss of $0.10 per common share in the 2015 quarter. Adjusted EBITDA improved to a negative $838,000 in the quarter compared to a negative $1.5 million in the second quarter of 2015. Total revenues for the second quarter were $1.2 million, down from $2.6 million in the prior-year period due to the significant decline in oil prices, lower production and reduced services project activity. Loss from operations was $3.604 million against $2.426 million a year ago. Net loss before taxes on income was $5.104 million against $3.253 million a year ago. LBITDA was $3.535 million against $2.365 million a year ago. For the six-month period, the company reported total revenues were $5.199 million against $2.433 million a year ago. Loss from operations was $7.210 million against $5.650 million a year ago. Net loss before taxes on income was $8.071 million against $6.654 million a year ago. Net loss was $7.900 million or $0.25 diluted per share against $6.648 million or $0.21 diluted per share a year ago. Net cash used in operating activities was $5.834 million against $3.264 million a year ago. Purchase of and additions to proved oil and gas property was $4.403 million against $1.305 million a year ago. Purchase of other property and equipment was $0.312 million against $0.083 million a year ago. Adjusted net loss was $6.518 million or $0.21 diluted per share against $4.480 million or $0.14 diluted per share a year ago. LBITDA was $4.719 million against $4.917 million a year ago. Adjusted LBITDA was $2.499 million against $2.150 million a year ago.