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Nice I like.......looks like a cup forming
Its a head fake in this market!
It's all about the charts......& DD
Promo wont start till the end of next mouth, but we should see a nice increase up to that point
this jeci is back on track it look like guy we went tested the low now we can break out how far it will go wenwill soon find out nice job everyone for hanging in there let hope for a nice week next week goog lucky
well it looks like someone bought at .20
Kool
Yes Markss....looks like we could be in for a run if the bid/ask tightens
Well it looks like we're moving on up. Last trade .14 and .13 bid X .20 ask
Hey doog....morning! Looks like JECI was getting some exposure yesterday. Lets see if the PPS moves to higher ground today again.
Wonder what this would look like with positive news and promo
Awesome thnx for the clarification markss40 much appreciated cheers:)
Nope no promo in August. Just accumulation. Promo will start in October.
Thnx markss...so are u saying the promo begins in august or october?
I don't mind honest promotion, but I hope it's not the same kind of promotion that really upset me in the past: One company I owned stupidly handed over millions of shares to some fly-by-night promoters who did nothing but immediately dumped the shares and drove the stock price down. Some promo. I don't want that type of promo from this company, please. Drilling successful oil wells is all the promotion we need in my opinion.
Most company that come to market in the first couple of month they like to tell there story about there company to investers so i was excited to learn more about what they have coming that all anyway i add a little to my position if we close over .10 that would be great we might get a run
Hey doog
Yes promo, it is August and they are aiming for a pre-October launch, and efforts will continue to grow until that time.
What promo? Adding JECI to primary watchlist today will check in with ya's soon JECI players!
the selling has stop but we need news soon or the selling will start again u cant just start the promo then put it on hold people might not come back that may include me if i dont start seeing somthing soon.
It really does seem like the selling has stopped. Would love to see some buying volume come in so we can start our journey north.
Buy like heck when no one wants it, and sell when they can't get enough.
They were to have some promoters start and nothing happened. Don't know if they were put off a week or what.
does anyone have any ideil when they will have more news i would of taught since there a new company they would have new every week this thing could really move once there story is out i read there wed site thing look good.
Lets get some promo going....How ya doing Ranger8
Nice to see a little green. Looks like the selling may have stopped..........a little buying volume coming in and we are off to the races.
Buy like heck when no one wants it, and sell when they can't get enough.
Looking forward a strong week here with JECI. I think we will be seeing GREEN!
See ya in the morning........
Likewise will catch up with ya soon enjoy the rest of your evening!
Doing okay....good to see ya here
Great markss yourself?
Hey doog.......How ya been?
Thnx for the welcome ranger...will be checkin' in with ya's tomorrow cheers!
They have the technology and Radiometric Plus has a 95% accuracy rate.
aim hoping for a nice week next week i dont if i brought the bad lucky in the stock but from day one i bought in has gone down along the way i have add a little at a time final it looks like the bleeding has stop if aim right we should start seeing this thing move up let hope for more news about the company next week so far i like what i read will add more depending on how the stock does. lets hope aim right good lucky all
Hey doog!
Great to see you here! JECI is an absolute hidden gem. When word gets out this will be a fast 10 bagger from these levels.
I welcome your DD!
Yep, so close, to the Wolverine-Convent field. Also they should and need to perform a spot study with state-of-the-art Radiometric Plus technology to see how close the flow underground is.
That fact alone provides one of the BIGGEST available clues of Jericho's immediate potential IMO ranger so added JECI to watch list while I complete my initial due...glty as always!
Chicken,
Your right on! The Wolverine-Convent field is,if I am not mistaken, only 50 miles west of Jericho's property.
I added a starter position this week. The possibility of finding an oil field comparable to the Wolverine-Covenant field nearby and at these prices was irresistible to me! So I'm in.
Jericho is a buying opportunity and I would buy more on dips
Yes....old shareholders getting out from 6-7 years ago. I add a few more shares now each day!!
THIS IS A BUY OPPORTUNITY!!
StormyMonday....I spoke with some people at Jericho Energy and the sell off is just a few remaining old shareholders from when it was Centire International who have had stock in their accounts for the past 6-7 years with no movement. They are happy to get out with anything at this point. They claim that they have tracked this through a series of NOBO Lists.
Looks like the selling may have stopped. I am looking for a very positive week starting this coming monday.
i add a little more ever since i got in this stock has down ticked i hope today is the day we end up on an up tick that will be a good sign we our at the bottom or we close i be keep a close eye for the turn around to add let hope today is the day i really like what i read.
Thats about 290 Million in revenue
Let's start talking potential revenue numbers.
On the low side ( 600 barrels a day at $120 a barrel) just one well will be producing $72,000 revenue a day or $26,280,000 a year!!!....Now times that by eleven......WOW!!
Just bought more this morning. I'll bet this one may get some promo soon.
roger wilco,
Agreed! It's only a matter of time before JECI will get reconized and I will be here for the ride.
Very good. Lets see how the market likes the news.
Yep, right on schedule and ahead of the game
Jericho Energy Company Inc. (OTC: JECI) Announces Estimated Output on Their First 11 Wells to Be Between 6,600 and 9,900 Barrels per Day
Highlighted Links
www.jerichoenergy.com
TAMPA, FL--(Marketwire - July 30, 2008) - Jericho Energy Company Inc. (PINKSHEETS: JECI) announced today that it has recently engaged the services of Thrust Resources, based in Texas, to perform a spot study with state-of-the-art Radiometric Plus technology on their 11,000 acre leased area located in Rush Valley, Utah. These tests were to find the exact locations for the first 11 wells to be drilled on the property. Although the final report won't be out for about 2 weeks, the initial results of these tests have been even more lucrative than the company first anticipated, with an estimated average output of between 600 and 900 barrels per well per day, according to analysts for Jericho Energy.
Vice President Joseph Abdo stated, "All of us at Jericho Energy are thrilled with the results of these tests. Because Radiometric Plus has a 95% accuracy rate, we are very confident in the 600-900 barrel a day estimate. As soon as the final report is put out, we will start on the initial infrastructure at the well sites, which we are projecting to take about 60 days to complete. Jericho is right on schedule to commence drilling in November of this year."
About Jericho Energy Company, Inc. http://www.jerichoenergy.com/aboutus.cfm
Jericho Energy Company, Inc. is a domestic petroleum and natural gas exploration and drilling company focused on increasing domestic energy production in the face of growing US and international demand. The company has contracted with strategic partners in the geological and petroleum industries to assist with the planning and strategic exploration, drilling and production of petroleum and natural gas in central Utah. The company also plans to expand by purchasing additional mineral land rights in the region for future drilling or royalty-based joint ventures with third parties.
The company plans to commence drilling on the leased property that has been Radiometric Plus surveyed by November 2008.
Forward-Looking Statements
This news release contains forward-looking statements made by JERICHO ENERGY COMPANY, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
Company and Investor Relations Contact:
Michael J. Goeree
Nicole Propp
Jericho Energy Company, Inc.
MG Financial, LLC
Email Contact
http://www.jerichoenergy.com
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Jericho Energy Corporate website:
http://www.jerichoenergy.com/aboutus.cfm
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:
http://pinksheets.com/pink/quote/quote.jsp?symbol=jeci
Read the following article about the history of the area where Jericho Energy is drilling for oil...
http://www.piol.com/journal.pdf
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.
Company Goals
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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Suite 220H
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