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Jericho Oil Corp (JROOF)

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Last Post: 10/4/2018 11:38:12 PM - Followers: 2 - Board type: Free - Posts Today: 0

Jericho Oil Corp

Jericho Oil Corporation’s primary business objective is to drive long-term shareholder value through the growth of oil and gas production, cash flow and reserves.

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.

 

Operations

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.  

Jericho Oil Corp

otcmarkets.com
 

News & Analysis

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
 
Contact Info
  • 750 West Pender Street
    Suite 350
    Vancouver, BC V6C 2T7
    Canada
 

 



 
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JROOF News: Jericho Oil Publishes Annual Letter to Shareholders 05/06/2015 12:56:00 PM
JROOF News: Jericho Oil Reports December 31, 2014 Reserves 04/29/2015 04:05:00 PM
JROOF News: Jericho Oil Announces DTC Eligibility of its Common Shares 02/10/2015 08:30:00 AM
JROOF News: Jericho Expands into Oklahoma Adding Acreage and Production 01/23/2015 08:30:00 AM
JROOF News: Jericho Oil Exits 2014 with Record Monthly Production 01/16/2015 08:30:00 AM
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#746   Here is an interview with Bob Moriarty regarding Proven and Probable 10/04/18 11:38:11 PM
#745   A 321gold.com piece by an author who is starboy 10/04/18 07:57:58 AM
#744   Yet another JROOF Paid Stock Promotion Article 236T568 08/29/18 10:09:00 PM
#743   Here is the latest interview on Jericho Oil: Proven and Probable 08/29/18 08:13:18 PM
#742   https://provenandprobable.com/oil-gas-jericho-oil-extends-revolving-credit-facil Proven and Probable 08/28/18 12:16:49 PM
#741   Easy Way to STACK - Jericho Oil Proven and Probable 07/27/18 08:54:21 AM
#740   More news from Jericho Oil Proven and Probable 06/27/18 07:50:02 PM
#739   Interview with CEO Brian Williamson: Proven and Probable 06/07/18 05:42:51 PM
#738   Here is the latest press release from Jericho! Proven and Probable 05/30/18 10:29:39 AM
#737   Just released: Proven and Probable 05/11/18 01:26:43 PM
#736   According to the financials, JROOF's assets grew from jedijazz 03/16/18 03:49:04 PM
#735   thin back to green budfoxhub 03/16/18 03:37:26 PM
#734   There are some new updates on their Facebook page. zigzagman 03/16/18 03:12:06 PM
#733   Brian Williamson, CEO of Jericho Oil, stated: "Our jedijazz 03/16/18 03:07:56 PM
#732   Grab what you can under a dollar budfoxhub 03/16/18 02:28:44 PM
#731   Cmon JROOF.. Let's see a power hour bounce Spread Medic 03/16/18 02:26:43 PM
#730   Oklahoma is 5th in the USA for crude Spread Medic 03/16/18 02:26:32 PM
#729   It looks like we'll close at a 52 zigzagman 03/16/18 02:22:11 PM
#728   .88 has been nice support budfoxhub 03/16/18 02:16:39 PM
#727   Good recommendation there. Let's Roll 03/16/18 01:51:03 PM
#726   I think we will eventually form a base Spread Medic 03/16/18 01:34:13 PM
#725   Jericho has a unique opportunity to take advantage zigzagman 03/16/18 01:33:52 PM
#724   JROOF appears to be consolidating as shares trade Spread Medic 03/16/18 01:33:49 PM
#723   Looks like JROOF will benefit from the Trump Spread Medic 03/16/18 01:31:42 PM
#722   long and strong here! budfoxhub 03/16/18 12:45:24 PM
#721   AmericanBulls.com's recommendation today is to STAY LONG. The zigzagman 03/16/18 12:44:57 PM
#720   The company reporting over $30 million in assets budfoxhub 03/16/18 12:32:53 PM
#719   And all of their rigs in Oklahoma are jedijazz 03/16/18 12:24:54 PM
#718   thin back to a dollar! budfoxhub 03/16/18 12:07:53 PM
#717   Big news for JROOF folks! "The Wardroom 19-13-12 Spread Medic 03/16/18 12:02:58 PM
#716   Look at Jericho's recent acquisitions in Oklahoma zigzagman 03/16/18 11:51:21 AM
#715   check out the news: Jericho Oil Announces 957 budfoxhub 03/16/18 11:28:02 AM
#714   loading up the dip, under a dollar a steal budfoxhub 03/16/18 11:23:02 AM
#713   according to the financials, JROOF's assets grew from Spread Medic 03/16/18 11:15:14 AM
#712   It's great to see their first STACK well zigzagman 03/16/18 11:12:31 AM
#711   JROOF brings a systematic, consistent asset development plan jedijazz 03/16/18 11:06:14 AM
#710   Yes, they have and it is good to Let's Roll 03/16/18 10:41:09 AM
#709   The Company’s 2018 development program, leveraging its recent jedijazz 03/16/18 10:38:12 AM
#708   Jericho has put out a lot of great zigzagman 03/16/18 10:30:46 AM
#707   Let's see a 1.00 break again for JROOF today Spread Medic 03/16/18 10:26:35 AM
#706   Good morning everyone. Nice news out from JROOF! Spread Medic 03/16/18 10:26:09 AM
#705   .938 thin on the ask budfoxhub 03/16/18 10:17:08 AM
#704   That is great to see Zig. Things Let's Roll 03/16/18 10:07:12 AM
#703   100% Buy rating on the daily chart today! zigzagman 03/16/18 10:01:39 AM
#702   Nice! Check out this awesome research report on Spread Medic 03/16/18 09:44:41 AM
#701   Brian Williamson, CEO of Jericho Oil, stated: “Our jedijazz 03/16/18 09:20:59 AM
#700   Positive IEA future outlook of US based O&G budfoxhub 03/16/18 09:20:48 AM
#699   Jericho’s STACK JV owns a 47% working interest jedijazz 03/16/18 09:20:13 AM
#698   52 week high close again yesterday! +36.88% zigzagman 03/16/18 09:19:11 AM
#697   Good morning everyone! JROOF has been on a Spread Medic 03/16/18 09:07:31 AM
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