News Releases

Jericho Oil Announces Reaffirmation of Borrowing Base and Restructuring of Hedging Program
December 17, 2018

TULSA, OK, December 17, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce that the lender under its USD$30 million Senior Secured Revolving Credit Facility (the “Facility”), East West Bancorp, has reaffirmed its borrowing base at $7.5mm following the Company’s regularly scheduled semi-annual redetermination process.  There were no other material changes to the terms of the Facility resulting from this borrowing base redetermination. The Company also reports that it has opportunistically restructured its commodity hedge positions to eliminate upside caps on its realized price for crude oil, in addition to raising the floor which protects…

Download PDF
Jericho Oil Announces 725 BOE per Day STACK Well Targeting Meramec Formation
December 10, 2018

TULSA, OK, December 10, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces through its Oklahoma STACK Joint Venture (“STACK JV”), that it has brought online a second high-rate single-mile lateral Meramec oil well within its contiguous Blaine County acreage position. The Valkyrie 19-12-06 1H well is located within the STACK JV’s approximately 16,000 net acre position of the normally-pressured oil window of the STACK play.  The Valkyrie achieved a peak 24-hour rate of 725 oil-equivalent barrels (“BOE”) per day (55% oil).  The 30-day normalized rate (IP30) for this ~4,500 ft perforated lateral well was 625 BOE per…

Download PDF
Jericho Oil’s First Osage Formation STACK Well Continues to Deliver Strong Results
December 3, 2018

Best-in-Class Well Productivity and Low Decline Rate Further Validates Company’s Northern STACK Acreage  TULSA, OK, and VANCOUVER, BC, December 3, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to provide an update regarding its ongoing participation in its Oklahoma STACK Joint Venture (“STACK JV”).  The Swordspear 15-23N-10W #1H, the STACK JV’s first Osage formation well, has now been on production, since running an electrical submersible pump (capable of handling high fluid volumes), for 160 days and has produced, on average, 330 BOE per day (50% oil).   The strength and, more importantly, the longevity of the Swordspear…

Download PDF
Jericho Oil Provides STACK Drilling and Completion Update
November 12, 2018

Company Continues STACK Drilling Program  TULSA, OK, and VANCOUVER, BC, November 12, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to provide an update regarding its ongoing participation in its Oklahoma STACK Joint Venture (“STACK JV”).  The Company’s 2018 development plan within the STACK continues to focus on the delineation and de-risking of its acreage position for the Meramec and Osage formations.  Currently, the STACK JV now has an interest in four Osage formation wells and two Meramec formation wells.  An update is provided below on the drilling, completion and flowback of our most recent Osage…

Download PDF
Jericho Oil Provides STACK Operational Update
September 27, 2018

Company Continues Delineating with Strong Well Results   TULSA, OK, and VANCOUVER, BC, September 27, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to provide an update regarding its ongoing participation in its Oklahoma STACK Joint Venture (“STACK JV”).  The Company’s 2018 development plan within the STACK continues to focus on the delineation and de-risking of its acreage position for the Meramec and Osage formations.  Currently, the STACK JV now has an interest in four Osage formation wells and two Meramec formation wells.  An update is provided below: Producing Operations: Wardroom 13-19N-13W #1H (Meramec) 47.5% Working…

Download PDF
Jericho Oil Elects to Participate in Multiple STACK Wells
September 13, 2018

Company Continues Delineating with Strong Well Results, Validating Strength of STACK Position  TULSA, OK, and VANCOUVER, BC, September 13, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that its Oklahoma STACK Joint Venture (“STACK JV”) has elected to participate in its second Meramec formation well, the Valkyrie 6-19N-12W #1H, within its Blaine County STACK acreage position.  In addition to the Valkyrie, the STACK JV has also elected to participate in two additional Osage formation wells to be drilled by Exxon Mobil’s subsidiary XTO Energy and Alta Mesa Resources in Major County. The prolific nature of the STACK…

Download PDF
Jericho Oil Extends Revolving Credit Facility Maturity and Reaffirms Borrowing Base and Announces Intention to Conduct Normal Course Issuer Bid
August 28, 2018

Vancouver, BC, August 28, 2018 – Jericho Oil Corporation (TSX-V:JCO) (OTC PINK:JROOF) (“Jericho” or the “Company“) announces that the lender under its Senior Secured Revolving Credit Facility (the “Facility”) has amended and extended the maturity date of the Facility to July 29, 2020.  In addition, the borrowing base was reaffirmed at USD$7,500,000. The borrowing base is subject to semi-annual re-determinations, with the next occurring in October 2018. “We are pleased with the support of our lending bank which reflects the high quality and growth of our asset base,” said Brian Williamson, CEO of Jericho Oil.  “We continue to reap the benefits…

Download PDF
Jericho Oil Commences Drilling of Third STACK Well, Second in STACK’s Osage Formation
August 22, 2018

After First Successful Osage Formation Test Well, Jericho Continues Drilling Momentum Positive Results Spurring Increased Activity from Surrounding Operators in Major County    TULSA, OK, and VANCOUVER, BC, August 22, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that its Oklahoma STACK Joint Venture (“STACK JV”) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres.  This will be Jericho’s third well drilled in the STACK Play in 2018 and second in the Osage formation. This…

Download PDF
Jericho Oil Announces STACK Well Results Targeting Osage Formation
July 25, 2018

Successful Osage Formation Test Well Pushes northern STACK Boundary TULSA, OK, and VANCOUVER, BC, July 25, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that its Oklahoma STACK Joint Venture (“STACK JV”) has brought online a successful test well of the Osage formation within its northern STACK acreage position.  After more than six months of extensive geological and geophysical work, along with methodical acreage accumulation, and a strategic Osage formation test well, the Company is excited to further delineate and develop the STACK JV’s nearly 16,000 net acre position in the northern STACK. The Swordspear 23-10-15 1H…

Download PDF
Jericho Oil Announces Results of Annual General Meeting
June 28, 2018

TULSA, OK, and VANCOUVER, BC, June 28, 2018 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to report the results of its Annual General Meeting of Shareholders (the “AGM”) held on June 27, 2018. At the AGM, shareholders in person or by proxy representing 82.03% of the outstanding common shares of the Company, voted (≥99.91% For) to elect incumbent directors Brian Williamson, Allen Wilson, Nicholas Baxter and Markus Seywerd. Additionally, all other proposed resolutions were overwhelmingly approved by shareholders (≥99.88% For), including the appointment of the auditors for the ensuing financial year as well as the ratification…

Download PDF