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That is great to see Zig. Things are heating up for JROOF.
100% Buy rating on the daily chart today!
https://www.barchart.com/stocks/quotes/JROOF/opinion
Nice! Check out this awesome research report on oil and gas co, $JROOF http://www.jroofreport.com/
Brian Williamson, CEO of Jericho Oil, stated: “Our focus in participating with best in class operators is working and we are extremely encouraged with the results of the Wardroom and surrounding Meramec wells, proving the extent, both geographically and geologically, of the formation. In addition to the Meramec, we will also work on delineating the resource potential of the regionally deposited Osage formation. Given the depth of our teams’ history with this rock-type, we are confident in its horizontal resource potential. We are currently drilling an Osage test well within our northern JV located just north of Alta Mesa’s expansive acreage position and we look forward to updating our shareholders with encouraging results.”
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Positive IEA future outlook of US based O&G for production/exportation http://www.awesomestocktips.com/blog/viewpost/410
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Jericho’s STACK JV owns a 47% working interest alongside Staghorn Petroleum II LLC (Staghorn) in the Wardroom. Current ultimate recovery projections place the potential rate of return at greater than 75% (assuming $60bbl / $3mcf).
JROOF
Good morning everyone! JROOF has been on a roll here this week with no sign of slowing down
Check out this awesome research report on oil and gas co, $JROOF http://www.jroofreport.com/
I am sure it has been hitting a lot of radars Bud.
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undervalued stock in the oil sector http://www.jroofreport.com
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no doubt, impressive buying pressure this week
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We have seen a lot of volume this week for sure.
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Good morning all! Glad to see a green close yesterday. I think we will close the week strong today.
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got to love the volume this week
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Very nice Bud! JROOF rallying higher in afternoon trading.
another green close coming! http://www.jroofreport.com
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Jericho Oil (JROOF) has a high-quality Mid-Continent portfolio of oil-focused, stacked-pay assets located in central Oklahoma.http://jroofreport.com/
drilling program to deliver strong year-over-year growth https://jerichooil.com/investors/presentations/
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Jericho Oil Announces 957 BOE per Day STACK Well Targeting Meramec Formation
GlobeNewswire March 14, 2018
TULSA, Okla. and VANCOUVER, British Columbia, March 14, 2018 (GLOBE NEWSWIRE) -- Jericho Oil Corporation (“Jericho”) (JCO.V) (OTC PINK:JROOF), further to the Company’s news release on January 16, 2018, announces through its Oklahoma STACK Joint Venture (“STACK JV”), that it has brought online a high-rate single-mile lateral Meramec oil well within its contiguous Blaine County acreage position.
The Wardroom 19-13-12 1H well in SEC 12 T19N R13W is located within Jericho’s approximately 11,600 net acre position of the normally-pressured oil window of the STACK play. The Wardroom achieved a peak 24-hour rate of 957 oil-equivalent barrels (“BOE”) per day (68% oil) at 211 Boepd per 1,000 ft. The projected 30-day normalized rate (IP30) for this 4,518 ft perforated lateral well is 770 BOE per day (67% oil). Oil productivity from the Wardroom is amongst the highest of any well to-date targeting the Meramec formation in the northern STACK on a per 1,000 lateral foot basis.
Jericho’s STACK JV owns a 47% working interest alongside Staghorn Petroleum II LLC (Staghorn) in the Wardroom. Current ultimate recovery projections place the potential rate of return at greater than 75% (assuming $60bbl / $3mcf).
Well productivity from the Wardroom illustrates the significant role lateral placement coupled with advances in stimulation technique has in developing the resource potential of the Meramec shale deposits of the northern STACK. The Wardroom was drilled 95% within our defined target section. Shane Matson, Director of Geology for Jericho Oil, stated, “having performed a bottoms-up analysis of 20 proximate Meramec formation wells, it became clear that lateral placement had been a defining variable in the productivity of this formation in the northern STACK.”
Stack operators of wells targeting the Meramec shale in 2017 proximal to the Wardroom have announced comparable results confirming the productive potential of the region. Two miles east of the Wardroom, Staghorn’s well (Crow’s Nest 19-12-08 1H) in SEC 8 T19N R12W, achieved a peak 24-hour rate of 1,180 boepd (76% oil), at 240 boepd per 1,000 ft. Moreover, three miles north of the Wardroom, Chesapeake Energy’s well (Bravo 28-20-12 1HC) in SEC28 T20N 12W achieved a peak 24-hour rate of 2,221 boepd (79% oil), at 223 boepd per 1,000 ft.
Brian Williamson, CEO of Jericho Oil, stated: “Our focus in participating with best in class operators is working and we are extremely encouraged with the results of the Wardroom and surrounding Meramec wells, proving the extent, both geographically and geologically, of the formation. In addition to the Meramec, we will also work on delineating the resource potential of the regionally deposited Osage formation. Given the depth of our teams’ history with this rock-type, we are confident in its horizontal resource potential. We are currently drilling an Osage test well within our northern JV located just north of Alta Mesa’s expansive acreage position and we look forward to updating our shareholders with encouraging results.”
The Company’s 2018 development program, leveraging its recent findings and successes, will focus on the continued delineation of its acreage footprint for both the Meramec and Osage formations and adding tuck in acquisitions that complement our STACK acreage footprint.
About Jericho Oil Corporation
Jericho is a growth-oriented oil and gas company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in the Mid-Continent. For more information, please visit www.jerichooil.com.
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho's expectations include risks related to the exploration stage of Jericho's project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.
https://finance.yahoo.com/news/jericho-oil-announces-957-boe-070500633.html
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Looking for a new HOD on JROOF
Jericho's last filing showed assets of $38,970,918 CDN and liabilities of only $918,608.
It also shows they have over $13.3 Million CDN (about $10.4 Million USD) in Cash!
http://www.awesomestocktips.com/blog/viewpost/410
$JROOF
Yes it is Jedi. Would love to close at $1.
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JROOF looks to be preparing for that 1.00 break!
I like the premise here. There are a lot of opportunities in Oklahoma and in the US for JROOF
strong bids all day!
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JROOF is holding up very well here today!
big buys this week zig!
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AmericanBulls.com's system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 03/07/2018, 7 days ago, when the stock price was 0.6640. Since then JROOF has risen by +42.17% https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=JROOF
JROOF stretching down into Central Oklahoma and staying east of the Ridge, as a significant growth opportunity targeting horizontal production with future vertical development opportunities.
Known producing reservoirs w/ stacked formations and significant in-place infrastructure, Portfolio of two resource projects with competitive project IRRs and legacy cash-flow assets https://jerichooil.com/uploads/2018/03/jco-january2018corpwo2_vf2.pdf
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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
Yes they are and that is good to see!
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Here are some good reasons to invest in JROOF
http://www.jroofreport.com
This is really a great looking DD report for JROOF. Did you all check it out yet? www.jroofreport.com
Portfolio of two (2) resource projects with competitive project IRRs and legacy cash-flow assets for JROOF
https://jerichooil.com/uploads/2018/03/jco-january2018corpwo2_vf2.pdf
Jericho Oil Corp (PC (JROOF) 0.99 +0.046 (4.87%)
Volume: 262,272
Investors definitely taking notice, we've been saying it's way undervalued!
JROOF
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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 |
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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 |
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