Joel Dumaresq's Contact Details

Joel Dumaresq's Company Details

Molori Energy Inc.

Vancouver, British Columbia, Canada • 1 Employees
Oil & Energy

In the present day environment for energy, many companies are struggling with high debt loads incurred several years ago, while assembling oil production and exploration acreage when oil crested $100/bbl ("WTI"). In addition to these oil companies, many individual owners of acreage, along with regional banks active in the energy sector, are on the cusp of bankruptcy or insolvency as a result of poor loans and/or bad credits. It is in this environment that Molori is seizing the opportunity to assemble oil and gas production in nearby and politically safe jurisdictions. Molori is pursuing a business plan, whereby the Company either purchases producing oil and gas assets at highly attractive rates, or in some cases simply takes on existing assets by way of purchasing or assuming default notes from small regional lenders and institutions. The Company has already proven itself capable of securing such assets at deep, deep discounts to what those assets sold for only a few years ago. Better yet, Molori has demonstrated that it can make these acquisitions with little or no dilution to existing shareholders, and through forward sales of the resulting production, provide itself with capital to continue to roll-up or assemble profitable oil-producing acreage.