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great way to play the oil sector http://www.jroofreport.com
JROOF
nice DD here: Positive IEA future outlook of US based O&G for production/exportation http://www.awesomestocktips.com/blog/viewpost/410
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That should hit a lot of radars Zig!
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Checking out this JROOF report here..http://jroofreport.com/
JROOF 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
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)
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Investors are grabbing a larger stake now before more news and updates.
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JROOF'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
according to the financials, JROOF's assets grew from $780k in 2013 to $30.4 Million in 2017
I like seeing the strong volume Bud.
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Looking great! The more traded above 1.00. the strong JROOF becomes at this price range
There are a lot of oil and gas opportunities in Oklahoma for JROOF
Look at Jericho's recent acquisitions in Oklahoma
And all of them are producing! http://www.jroofreport.com
$JROOF
Oil Production on First STACK Well Exceeds Expectations
https://provenandprobable.com/jericho-oil-announces-957-boe-per-day-stack-well-targeting-meramec-formation
JROOF
Yes. It looks like Oklahoma is 5th in the USA for crude oil production. This is a great statistic for JROOF
Looks like JROOF will benefit from the Trump oil boom
strong volume start!
$JROOF
Jericho Oil Corp (PC (JROOF) 1.03 +0.086 (9.11%)
Volume: 110,588
That is a huge increase Spread Medic!
JROOF
Trading 3.5x its 30-day volume average here on JROOF lately!
according to the financials, JROOF's assets grew from $780k in 2013 to $30.4 Million in 2017
Nice setup here Bud. Interesting presentation. Thank you for the link!
JROOF
Preparing 2018 drilling program to deliver strong year-over-year growth
https://jerichooil.com/investors/presentations/
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JROOF printed one month high prices and volume yesterday on oil production News
https://finance.yahoo.com/news/jericho-oil-announces-957-boe-070500633.html
Nice chart zigzagman. Investors are loading JROOF
The company recently announced entering into a new Farm-In Agreement
https://www.barchart.com/story/stocks/quotes/JROOF/1203919/jericho-oil-announces-farm-in-agreement-option-increases-stack-acreage-footprint-by-30
JROOF
JROOF is heating up lately. Check out this awesome research report on oil and gas co, $JROOF http://www.jroofreport.com/
$JROOF had a huge day yesterday closing green on news. https://finance.yahoo.com/news/jericho-oil-announces-957-boe-070500633.html
JROOF $ 0.944. Nice to see it play through. FTMR $ 3.02 should be the next big oil play. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134655251&txt2find=ftmr
Promo out this morning. Would explain the attention today
Very nice presentation zigzagman.
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Momentum building here as JROOF is in play for this week Spread Medic.
JROOF is aiming for a strong finish here!
It very well could be Bud.
JROOF
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)
JROOF
solid price action, should see a nice close!
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 |
---|---|---|
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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