Glori Energy Inc. (NasdaqCM:GLRI) is in active discussion with potential investors for a project-level financing for their Phoenix project. "We are in active discussions with potential investors for both a corporate capital raise and project-level financing for our targeted Phoenix project. We know that in order to execute our operating plan we will need to raise capital and improve our liquidity.", said, Kevin Guilbeau, Executive Co-Chairman and Interim Chief Executive Officer of Glori Energy.