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Monday, July 28, 2008 9:28:42 AM
We have some wonder updating news this morning.
Jericho Energy Company Incorporated (OTC: JECI) Reports on Its Recent Scientific Conference Conducted by Renowned Geophysicist and Geologist, Robert Dunbar
Jul 28, 2008 08:31:17 (ET)
TAMPA, FL, Jul 28, 2008 (MARKET WIRE via COMTEX) -- On May 30, 2008, Jericho Energy (PINKSHEETS: JECI) held a special scientific conference at its Tampa, Florida location, which focused on the latest scientific advancements in locating oil reserves and the company's upcoming role in United States domestic oil production. Renowned geophysicist and geologist Robert Dunbar who, for the last twenty-five years, has been working with a method for finding oil reserves called radiometrics, conducted the conference. Mr. Dunbar has found over 830 oil producing wells using this radiometric technique.
In recent years, Mr. Dunbar has perfected a new method of radiometrics testing called Radiometric Plus, which has a much higher degree of accuracy than the standard Radiometric system.
Robert Dunbar stated, "Radiometric Plus is a truly amazing advancement in the science of finding oil reserves. Since finding oil is a percentage game, you need to increase your odds as much as you can, and we have done that with Radiometric Plus because it increases the chances for success to 95%, which is 20% higher than the standard Radiometrics 75% accuracy level."
Robert Dunbar, who was initially engaged by Jericho in 2006 to survey certain geographic locations the company believed held production potential, has recently used Radiometric Plus to map specific Jericho land lease areas. The maps are contained on the company's site at www.JerichoEnergy.com under the company's current projects. Jericho Energy also is examining the potential for additional supportive and supplemental testing of the areas utilizing satellite imaging to ensure the highest accuracy level possible.
"Following the conclusion of the conference given by Robert Dunbar, we are more convinced than ever that the Rush Valley in Utah holds enormous oil reserves, and we plan on drilling for them by November of this year. The recovery of these reserves will allow Jericho to assist in the country's growing petroleum needs. The future is extremely bright for Jericho Energy and its shareholders," stated Vice President Joseph Abdo.
About Jericho Energy Company, Inc.
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
SOURCE: Jericho Energy
http://www2.marketwire.com/mw/emailprcntct?id=3F65E0B04697061B
http://www.jerichoenergy.com
Its a head fake in this market!
It's all about the charts......
Jericho Energy Company Incorporated (OTC: JECI) Reports on Its Recent Scientific Conference Conducted by Renowned Geophysicist and Geologist, Robert Dunbar
Jul 28, 2008 08:31:17 (ET)
TAMPA, FL, Jul 28, 2008 (MARKET WIRE via COMTEX) -- On May 30, 2008, Jericho Energy (PINKSHEETS: JECI) held a special scientific conference at its Tampa, Florida location, which focused on the latest scientific advancements in locating oil reserves and the company's upcoming role in United States domestic oil production. Renowned geophysicist and geologist Robert Dunbar who, for the last twenty-five years, has been working with a method for finding oil reserves called radiometrics, conducted the conference. Mr. Dunbar has found over 830 oil producing wells using this radiometric technique.
In recent years, Mr. Dunbar has perfected a new method of radiometrics testing called Radiometric Plus, which has a much higher degree of accuracy than the standard Radiometric system.
Robert Dunbar stated, "Radiometric Plus is a truly amazing advancement in the science of finding oil reserves. Since finding oil is a percentage game, you need to increase your odds as much as you can, and we have done that with Radiometric Plus because it increases the chances for success to 95%, which is 20% higher than the standard Radiometrics 75% accuracy level."
Robert Dunbar, who was initially engaged by Jericho in 2006 to survey certain geographic locations the company believed held production potential, has recently used Radiometric Plus to map specific Jericho land lease areas. The maps are contained on the company's site at www.JerichoEnergy.com under the company's current projects. Jericho Energy also is examining the potential for additional supportive and supplemental testing of the areas utilizing satellite imaging to ensure the highest accuracy level possible.
"Following the conclusion of the conference given by Robert Dunbar, we are more convinced than ever that the Rush Valley in Utah holds enormous oil reserves, and we plan on drilling for them by November of this year. The recovery of these reserves will allow Jericho to assist in the country's growing petroleum needs. The future is extremely bright for Jericho Energy and its shareholders," stated Vice President Joseph Abdo.
About Jericho Energy Company, Inc.
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
SOURCE: Jericho Energy
http://www2.marketwire.com/mw/emailprcntct?id=3F65E0B04697061B
http://www.jerichoenergy.com
Its a head fake in this market!
It's all about the charts......
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