Jericho Energy Corporate website:
Jericho Energy, Inc.
405 South Dale Mabry Highway #314 Tampa, FL 33609
Ticker symbol: JECI.PK
Jericho Energy, Inc. is a fully reporting pink sheet company:
Read the following article about the history of the area where Jericho Energy is drilling for oil...
Why Jericho Energy is different from many other
exploratory drilling companies....
It is important to know the difference between developmental and exploratory drilling. Exploratory wells are attempts to find new oil and gas fields, whereas development wells expand or more fully tap into a known oil or gas reservoirs.
Since we have the appropriate technology, we will explore. In time, our technology may become the industry standard, and the word "wildcat" may apply to non-radiometrcially surveyed drilling. All of our prospects are classified as exploratory in nature, but they are not "wildcat" since we have the radiometrics data advantage. Our prospects are separated geographically from existing oil and gas production, but they are not always separated geologically or radiologically. Therein lays the difference from "wildcatting."
With reserve prices going higher, the economics of exploration with radiometrics are compelling. We are reducing the finding costs and everything associated with the actual drilling and the completion risks. While there is a higher drilling risk associated with an exploratory well than with a development well, the reward potential with a successful exploratory well far exceeds the upside of any developmental well.
We have put together a 11,000 acre major lease prospect in the Rush Valley region of Utah with room for over 75 wells.
We believe the property holds more than 750 million barrels recoverable at the conservative end and 1 Billion barrels recoverable at the optimistic end.
We will only explore prospects where the geologic target formations are known to produce oil and gas in geographically separate, but analogous, fields. We will only drill where the radiometrics tell us commercial hydrocarbons are present.
Our expert team of scientists, researchers, and managers brings together the best minds in the industry to firmly lead the way in our exploration with radiometrics for oil and gas reservoirs.
The Jericho Energy Management Team :
Robert Dunbar, Geophysicist
Mr. Dunbar was hired directly out of college by Amoco as a geophysicist in 1957 when major oil companies were just starting to hire such specialists. After 16 years with Amoco, he spent ten years with Diamond Shamrock as a senior geophysicist. Mr. Dunbar has vast experience in many domestic oil and gas regions and with virtually any technological tool that exists in the industry. His geologic evaluations incorporate seismic studies, studies of well log data and well core samples, gravity studies, and his proprietary Advanced Radiometric surveys. His experience with seismic interpretation and his confirmation techniques have enabled him to come into contact with many regional geologists and geophysicists who have hired him to consult on their projects. This has given him a truly continental view of exploration plays and what we believe to be the largest exploratory projects in the United States. Mr. Dunbar will be paid for his expenses going forward. All his work to date for the Company for the past three years has been contributed. Without his years of work, this offering would not be possible.
Russell Hilbourn, Head of Production
Mr. Hilbourn brings an extensive knowledge of the oil and gas exploration and drilling industry.
Mr. Hilbourn's notable accomplishments include:
Battle Mountain Gold- power generation, mining equipment start-up, new facility
Amoco North America- O&M contract for all power generation and refinery maintenance for Western US
Texaco- maintenance contract for power generation and oil refineries
Refinery maintenance contracts for Mobil, Conoco, Amoco, Total, Chevron, and Valero.
New Construction (Power or Sub-Stations), Kennecott Copper, DOD US Gov. Malmstrom AFB, Pueblo Depot, NORAD, Peterson AFB, Travis AFB, Fort Calhoun, Camp Pentleton, White Sands Missile Range, Fort Carson and others.
International Projects: Belize-power generation and transmission start-up, sub-stations, fuel depot; Guatemala, power generation both Hydroelectric and oil fired, Nicaragua generation and sub-stations, mining equipment construction and start-up; Panama, El Salvador oil fired generation; Costa Rica- Transmission and Sub-Stations; Brazil, Argentina, Chile, Peru-Small generation, sub-stations and start-up. Ecuador generation Aeroderivative and sub-station. Several Caribbean projects for engineering, power generation, sub-stations power plants and crude oil facilities and power plant start-up consulting.
Joseph Abdo, Vice President - Marketing/International Relations
Donald Metcalf, Production
Donald has 48 years of experience as a production supervisor and engineer, having served with companies such as Sun Oil and Pennzoil. Mr. Metcalf has been involved in dozens of plays in the mid-continent and Gulf regions and has an encyclopedic knowledge of how to produce oil and gas wells.
Inside Management: Legal and Financial
ROBERT J. REYNOLDS, PMP
Mr. Reynolds began his career with the International CPA firms of Ernst & Ernst and Arthur Young. He has Audit, Tax and Management Services experience working with Fortune 500 firms in Oil and Gas and Manufacturing.
He was named World Wide Cost Accounting Coordinator for Phillips Chemical Company and later Systems Planning Staff Director. As World Wide Cost Accounting Coordinator, he designed and implemented all continuous flow cost accounting systems for refineries and petrochemical plants and as Systems Planning Staff Director, directed the planning and budgeting for information systems throughout the US and Europe-Africa. While at Phillips Petroleum he assisted in the negotiations with foreign governments for development of petrochemical plants in Europe and Africa.
For the past 15 years, he has been a management and financial consultant to both private and public firms as well as state governments. He has managed numerous professional service projects including: implementation of automated systems; review and development of corporate policies and business procedures; and the development of growth and financial forecasts.
He managed a portion of the Governor Hickel's Organizational Efficiency Task Force and coordinated the development of the efficiency review report for the executive branch of government for the State of Alaska. He was personally responsible for the efficiency reviews of the Departments of Law, Administration, Revenue and The Office of the Governor. This task force was initiated by Governor Walter J. Hickel and presented to the Alaska State Legislature in July, 1992 with 512 items that could save the State of Alaska over $200 million annually.
He authored the financial section of a proposal to Alyeska Pipeline Service Company for maintenance and construction services for the Alaska Pipeline. This proposal was successful and the client received a multi-year contract in excess of $20 million annually.
He has served in executive capacities (President, Vice-President of Operations and Controller) of several companies. He has also held similar capacities in companies during reorganizations, hostile takeover attempts and unexpected losses of key personnel. He is currently the Managing Member of a Real Estate Investment firm that deals in apartment complexes and raw land development and owns his own management consulting firm.
He hold A.A.S. and B.S. degrees in Industrial Technology and Accounting respectively. He is a member of Beta Gamma Sigma and Beta Alpha Psi and holds the designation of Project Management Professional (PMP) from the Project Management Institute. He has also been a member of the American Institute of Industrial Engineers (AIIE). He has taught Business Management, Accounting and Business Logistics classes at the university level and is a university guest lecturer on "Project Management as a Career" for senior level and Masters Degree candidates.
Mark E. Pena - Corporate and SEC Law
Mr. Pena graduated from Stetson University College of Law, his honors included: Honor Roll, John O. Weihl Award Scholarship Recipient representing top student of class in Trial Advocacy/ Mann Award Scholarship Recipient representing Character and Leadership in the practice of law, Student Bar Association President/ American Bar Association Young Lawyer as Division Leutenant Governor.
Mr. Pena also attended Rutgers College, New Brunswick, NJ, Union College, Cranford, NJ, University of South Florida, Tampa, Florida. His honors included: Dean's List, Member: Pi Gamma Mu International Honor Society.
He was a Teen Court Judge, Hillsborough County Bar Association Troubled Teen Youth Program.
As an Attorney/Solo Practioner, Law Office of Mark E. Pena, P.A., Tampa, Florida he was admitted to Practice: July, 1994. He is a member, Florida Bar, Federal Middle District of Florida, 11th Federal Circuit Court of Appeals., American Bar Assoc./ Member International Law and Business Law Divisions. His primary areas of practice include general corporate transactions, structure and litigation, commercial transactions, civil litigation, international law. Past practice includes insurance defense, first party contracts, and employment. He was also a Former Senior Partner/ Law Office of Pena & Thomas, P.A., Tampa Florida, Former Special Assistant Florida State Attorneys Office, Prosecution Clinic, Pinellas County, Florida.
Corporate representation included: Armor Insurance Co., Progressive Insurance Co., Bevsystems International, Inc., Staff Suppliers Inc., Corrosion Control Specialists, Inc., Nextrade Inc., Gulf South Income Properties Inc. d/b/a Best Western, Southeastern Income Properties Inc., d/b/a Howard Johnsons/Orlando., DTNet Technologies, Inc. DTNet International, Inc., St. Mary's Parish, Polish Catholic Church, St. Petersburg, Florida., Gulf West Property Development LLC, N B Financial LLC. Counsel of record in over 400 civil litigation cases throughout the State of Florida and Federal Districts.
Lior Segal - Financial Accounting and SEC Reporting compliance
Mr. Segal has been Chief Financial Officer for two different publicly traded companies. He is also Senior Partner at the Law Firm of Segal & Schuh Law Group, and licensed to practice law in the State of Florida and the Federal Middle District of Florida. He holds a JD and an MbA degree from Stetson University and a B.S. (summa cum laude) in Business Administration with a concentration in Accounting from Montclair State University.
Nicole Propp - Project Manager
Ms. Propp has served as the manager for a consultation firm, with a focus on accounting and investment opportunities, for the last decade. She earned her B.S. in Business Management from the prestigious John Sykes College of Business at the University of Tampa in 2008 with a concentration in Opportunities Analysis and Strategic Planning.
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