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Glori Energy Acquires $40 Million Texas East Oil Property From Petro-Hunt

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March 17, 2014

Infinity Cross Border Acquisition Corp. (INXB), a special purpose acquisition company, and Glori Energy Inc., a Houston-based energy technology company that deploys its proprietary AEROTM  System to significantly increase oil production from mature oil fields, announced that Glori has completed the previously announced acquisition of producing oil assets in Wood County, Texas from Petro-Hunt LLC for $40 million. Glori and Infinity, which is co-sponsored by Infinity Group and an affiliate of Hicks Equity Partners LLC, recently announced that they will merge in a $185 million transaction.

Highlights of the acquired assets include:

The $40 ...

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