News Releases

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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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…

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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…

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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…

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