Glori Energy Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2015 12 months to Dec 31, 2015	FY2014 12 months to Dec 31, 2014	FY2013 12 months to Mar 31, 2014
Formation and operating costs
Decrease (increase) in fair value of Trust Fund
Revenues:
Oil and gas revenues
Service revenues
Total revenues
Operating expenses:
Oil and gas operations
Service operations
Science and technology
Selling, general and administrative
Write-off of deferred offering costs
Impairment of oil and gas properties
Depreciation, depletion and amortization of property and equipment
Total operating expenses
Loss from operations
Other income (expense):
Interest expense
Gain on change in fair value of warrants
Gain on commodity derivatives
Loss on change in fair value of derivative liability
Other income
Total other income, net
Net loss before taxes on income
Income tax expense (benefit)
Net loss
Net loss per common share, basic and diluted (in dollars per share)
Weighted average common shares outstanding, basic and diluted

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