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There are some new updates on their Facebook page.
https://www.facebook.com/JerichoOilCorp
$JROOF
It looks like we'll close at a 52 week high on the weekly chart today
And we already printed 52 week high volume by more than double last week's! 
$JROOF
Jericho has a unique opportunity to take advantage of financial stress in the oil and gas space created by a low price environment. Learn more about JROOF at: http://www.jroofreport.com
AmericanBulls.com's recommendation today is to STAY LONG. The previous BUY signal was issued on 03/07/2018, 8 days ago, when the stock price was 0.6640. Since then JROOF has risen by +46.85% https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=JROOF
Look at Jericho's recent acquisitions in Oklahoma
And all of them are producing! http://www.jroofreport.com
$JROOF
It's great to see their first STACK well exceeded expectations!
https://provenandprobable.com/jericho-oil-announces-957-boe-per-day-stack-well-targeting-meramec-formation
$JROOF
Jericho has put out a lot of great news this year!
https://www.marketwatch.com/investing/stock/jroof/news
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757
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11/06/17
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Jericho’s growth strategy is achieved through the acquisition and development of overlooked and undervalued assets across the Mid-Continent region, primarily in Central Oklahoma. The Company brings a systematic, consistent asset development plan to revitalize, exploit and expand known-producing oil-focused fields and basins that have been underserved from both a capital and modern technological perspective focused on the Hunton, Mississippi Lime and Woodford Shale formations.
In order to achieve Jericho’s primary business objective of driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves, the Company has identified basins located within the Mid-Continent which have experienced the most severe capital flight amid the precipitous drop in the price of oil. Pervasive capital accessibility has the ability to veil the true economic and repeatable viability of drilling oil and gas reserves. However, since the drop in the price of oil, credit and equity has become scarce amongst what once were considered the ‘next’ horizontally-drilled shale plays. Accordingly, capital flight from the Mid-Continent region specifically, has produced illiquidity and, more importantly, market dislocations in regards to the long-term intrinsic value for both cash flow positive and highly-distressed assets alike.
Many of the Mid-Continent basins may yet prove to be viable long-term manufactures of oil and gas reserves. However, lower prices have left the region capital starved and / or distressed. This dislocation presents Jericho with the opportunity to acquire undervalued and underappreciated assets at appreciable discounts to the true underlying value while creating a margin of safety. Most importantly, the Company seeks to employ discipline, patience and strong judgement in evaluating oil and gas assets.
Based in Vancouver, British Columbia, with a regional office in Tulsa, Oklahoma, Jericho commenced operations in March, 2014 on the TSX-Venture and has since grown through eight transactions with gross production totaling over 800 BOEPD (65% Oil). Jericho holds a weighted average of approximately 50% Working Interest across its asset base with a private family partner owning the remaining Working Interest.
Jericho Oil has a high-quality Mid-Continent portfolio of oil-focused, stacked-pay assets located in central Oklahoma. Jericho continually strives to maximize cash flow from production properties for reinvestment in drill-bit driven growth opportunities. Jericho holds a weighted average of 38% Working Interest across its asset base.
Oklahoma
Jericho’s Oklahoma operation, is a natural extension of the Company’s strategy to acquire long-life producing assets within known mid-continent legacy basins. In Oklahoma, Jericho’s primary focus is on stacked-pays. The region includes productive Pennsylvania Sands, Mississippian Lime, Devonian Woodford Shale and Silurian Hunton opportunities. Jericho’s current assets are located in Pottawatomie, Seminole, Creek, Payne, Lincoln and Osage County, OK. The Oklahoma operating team brings over 100 years of collective regional knowledge and operating experience having developed and operated all the targeted formations in the region.
Jericho’s current production is from a mix of horizontal and vertical wells. The Company sees this broader region, stretching down into Central Oklahoma and staying east of the Ridge, as a significant growth opportunity targeting horizontal production with future vertical development opportunities.
| Publish Date | Headline | Source |
|---|---|---|
| Nov 2, 2017 | Jericho Oil STACK JV Acquires Additional Acreage | GlobeNewswire |
| Oct 5, 2017 | Jericho Oil Completes Acquisition of Working Interest in Producing Central Oklahoma Assets | GlobeNewswire |
| Sep 6, 2017 | Jericho Oil Completes Acquisition of Anadarko Basin STACK Play Acreage, Closes Oversubscribed $10.6 Million Private Placement | GlobeNewswire |
| Aug 23, 2017 | Jericho Oil to Raise $10 Million in Equity Financing for Oklahoma STACK Acquisition | Marketwired |
| Aug 22, 2017 | Jericho Oil Announces Entry into Anadarko Basin STACK Play | Marketwired |
| Aug 14, 2017 | Jericho Oil Closes First Tranche of $5.66 Million Financing | Marketwired |
