News Releases

Jericho Oil Announces Grant of Incentive Stock Options, Reduction in Management Salaries and Cessation of Directors Fees
June 17, 2020

TULSA, Okla. and VANCOUVER, British Columbia, June 16, 2020 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), of 4,725,000 common shares of the Company, to certain directors and officers of the Company. The Options are exercisable at a price of $0.15 CAD for a period of up to 5 years. The Company also reports that as part of its ongoing, broad-based focus to decrease costs during the current market downturn, its senior management and operating team have been…

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Jericho Oil Closes Fully Subscribed $5M Equity Financing for Future Acquisitions
June 12, 2020

TULSA, OK, and VANCOUVER, BC, June 12, 2020 — Further to its news release dated April 23, 2020, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that it has closed a fully subscribed non-brokered private placement (the “Offering”) of 50 million units (the “Units”) at $0.10 CAD per Unit for gross proceeds of $5 Million. Each Unit is comprised of one Common Share (a “Share”) and one Warrant (a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance. Net proceeds from the…

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Jericho Oil First Quarter 2020 Interim Filings Delayed Due to COVID-19
June 3, 2020

TULSA, Okla. and VANCOUVER, British Columbia, June 3, 2020 — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that due to delays related to the COVID-19 pandemic, it has postponed filing of its quarterly financial statements and management’s discussion and analysis ended March 31, 2020 (“Q1 2020 Filings”), which were due to be filed on June 1, 2020. Jericho will rely on the Canadian Securities Administrators’ blanket relief which provides a 45-day extension for periodic filings normally required to be made on or before June 1, 2020 as permitted by the BCSC’s Instrument 51-515 blanket relief. The Company anticipates the Q1 2020…

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Jericho Oil to Raise $5 Million CAD in Equity Financing for Future Acquisitions
April 23, 2020

TULSA, OK, and VANCOUVER, BC, April 23, 2020 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that it intends to raise approximately $5 Million CAD through a non-brokered private placement (the “Offering”) of approximately 50,000,000 units (“Units”) at a price of C$0.10 per Unit, with each such Unit consisting of one common share of the Corporation (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance. Net proceeds from the…

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Jericho Oil Publishes CEO Letter Addressing Current Market Conditions
March 10, 2020

TULSA, OK, and VANCOUVER, BC, March 10, 2020 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) today has published a letter to shareholders from Brian Williamson, CEO: I felt it was important, particularly at this moment in time, to apprise our shareholders of Jericho’s plan going forward as we face these difficult market conditions. Over the past several weeks, we have seen negative effects both in the oil industry, and the market at large, as the world’s largest consumers of oil have dramatically slowed economic activity while they look to contain and manage the COVID-19 (Coronavirus)…

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Jericho Oil Investor Update Webcast and Conference Call Moved to Dec. 4
December 2, 2019

TULSA, OK, and VANCOUVER, BC, Dec. 2, 2019 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that, further to its news release dated November 20, 2019, its shareholder update webcast and conference call has been rescheduled for December 4, 2019. Date: Wednesday, December 4, 2019 Time: 4:10 p.m. ET / 1:10 p.m. PT Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh Live Call: US/CAN Toll-Free (844) 467-7112 or US/CAN/International (409) 220-9938 Replay: US/CAN Toll-Free (855) 859-2056 or US/CAN/International (404) 537-3406 Replay Passcode: 6592057 About Jericho Oil Corporation Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in…

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Jericho Oil Announces Investor Update Webcast and Conference Call
November 20, 2019

TULSA, OK, and VANCOUVER, BC, Nov. 20, 2019 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that Brian Williamson, CEO, will host a webcast and conference call to provide shareholders with an update on general business developments as well as the Company’s growth strategies. A brief Q&A session will follow the prepared remarks. Date: Tuesday, December 3, 2019 Time: 4:10 p.m. ET / 1:10 p.m. PT Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh Live Call: US/CAN Toll-Free (844) 467-7112 or US/CAN/International (409) 220-9938 Replay: US/CAN Toll-Free (855) 859-2056 or US/CAN/International (404) 537-3406 Replay Passcode: 6592057 Mr. Williamson stated, “I look…

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Continued Offset Investment and Activity Surrounds Jericho’s STACK Position
June 3, 2019

Geology Team Continues Study of STACK Rocks Ahead of Next Drilling Program TULSA, OK, and VANCOUVER, BC, June 3, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces positive offset operator well results in conjunction with our Geology Team’s revealing geochemical study. Jericho’s strategy of steady patience since entering the prolific, low-cost STACK Play of Oklahoma in September 2017 continues to build Company confidence.  With a primary focus on the Osage formation, we saw surrounding activity from multiple, well-known offset operators converge upon our position allowing our Company to prudently evaluate production results and compare them against various…

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Jericho Oil Announces 33% 2018 Total Production Growth
February 28, 2019

Company Production Hits an All-Time Yearly Record, Reduced Operating Expenses by 30% TULSA, OK, Feb. 28, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that preliminary 2018 full-year partnership production totaled approximately 297,000 barrels of oil equivalent (“BOE”) up 33% from 2017 full-year partnership production of 222,000 BOE.  The Company’s 2018 partnership production is an all-time yearly high. In addition to record production, the Company continued to drive down production operating expenses with an approximately $17.00 / BOE cost in 2018, a reduction of 30% from the last year. A combination of lower absolute expenses and efficient…

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Jericho Oil to Exhibit at NAPE Summit 2019 in Houston
February 13, 2019

TULSA, OK, and VANCOUVER, BC, February 13, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas. Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma. The NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. In the upstream…

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