Glori Energy Inc. reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company's total revenues 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. Adjusted earnings before interest, income taxes, depreciation, depletion and amortization for the first quarter were a negative $1.3 million, compared to a negative $0.98 million for the first quarter of 2015. Reported net loss was $3.4 million, or a loss of $0.11 per basic and diluted share compared to a reported first quarter 2015 net loss of $3.0 million, or a loss of $0.09 per basic and diluted share. Excluding the impact of the unrealized commodity derivatives, adjusted net loss for the first quarter 2016 was $2.4 million, or a loss of $0.07 per common share, compared to an adjusted net loss in the first quarter of 2015 of $3.2 million, or a loss of $0.10 per common share. Loss from operations was $3.2 million compared with $3.6 million a year ago. Net loss before taxes on income was $3.4 million compared with $2.97 million a year ago. Net cash used in operating activities was $2.0 million compared with $3.9 million a year ago. Purchase of proved oil and gas property was $0.96 million compared with $0.2 million a year ago. Purchase of other property and equipment was $0.02 million compared with $0.22 million a year ago. EBITDA loss was $2.6 million compared with $1.2 million a year ago.