News Releases

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…