News Releases

Jericho Oil STACK JV Acquires Additional Acreage
November 2, 2017

TULSA, OK, and VANCOUVER, BC, November 2, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that its STACK Joint Venture (“STACK JV”) has closed the acquisition of an additional 76 acres (100% held-by-production) in the oil window of the Anadarko Basin STACK play in Oklahoma contiguous to its current position. Jericho owns approximately 11% interest in the STACK JV, with its Joint Venture Partner (“JVP”) owning the remainder. Jericho has the option to acquire up to 31% interest in the STACK JV upon fully exercising its option for US$6 Million. Jericho continues to diligence additional opportunistic STACK…

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Jericho Oil Completes Acquisition of Working Interest in Producing Central Oklahoma Assets
October 5, 2017

TULSA, OK, and VANCOUVER, BC, October 5, 2017 – Further to its news release dated Aug. 2, 2017, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has completed the acquisition of an additional 25% working interest (“WI”) in a producing oil and gas asset package in Central Oklahoma from its Private Family Partner (“PFP”) for US$3.5 million. Jericho purchased an initial 25% WI in the asset package at year-end 2015, with its PFP acquiring 75% WI. Jericho now holds 50% ownership across all assets (excluding its recent STACK acquisition) acquired in 2015 and 2016. Jericho has also granted…

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Jericho Oil Completes Acquisition of Anadarko Basin STACK Play Acreage, Closes Oversubscribed $10.6 Million Private Placement
September 6, 2017

TULSA, OK, and VANCOUVER, BC, September 6, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces, with its Private Family Partner, that it has closed the acquisition of approximately 9,400 net surface acres in the oil window of the Anadarko Basin STACK play in Oklahoma.  Concurrently, the Company announces that it has closed an oversubscribed non-brokered private placement of C$10,576,107 (the “Offering”) consisting of 22,033,567 units (“Units”) at a price of C$0.48 per Unit. Each Unit is comprised of one common share (a “Share”) and one-half warrant (a “Warrant”) with each full Warrant being exercisable into one additional…

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Jericho Oil to Raise $10 Million in Equity Financing for Oklahoma STACK Acquisition
August 23, 2017

TULSA, OK, and VANCOUVER, BC, August 23, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that it intends to raise approximately C$10 Million through a non-brokered private placement (the “Offering”) of approximately 20,833,333 units (“Units”) at a price of C$0.48 per Unit. Each Unit is comprised of one common share (a “Share”) and one-half warrant (a “Warrant”) with each full Warrant being exercisable into one additional Share at a price of $0.60 per Share for a period of 36 months from closing. Proceeds from the Offering, which is being led by existing shareholders, will be used primarily…

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Jericho Oil Announces Entry into Anadarko Basin STACK Play
August 22, 2017

TULSA, OK, and VANCOUVER, BC, August 22, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) has entered into an agreement to acquire an interest in 9,400 net surface acres in the oil window of the Anadarko Basin STACK play in Oklahoma.  This transaction provides Jericho the option to invest up to USD$9 million in acquisition and development capital to acquire just under one-third of the joint venture that will own the assets. The transaction is subject to customary closing conditions and is expected to close in third quarter 2017. The 9,400 net surface acres (approx. 85% Operated) being…

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Jericho Oil Closes First Tranche of $5.66 Million Financing
August 14, 2017

TULSA, OK, and VANCOUVER, BC, August 14, 2017 – Further to its news release dated Aug. 2, 2017, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) has closed the first tranche of a non-brokered private placement (the “Offering”) of 10,482180 units (“Units”) at a price of C$0.45 per unit for gross proceeds of $4,716,981. Each Unit is comprised of one common share (a “Share”) and one-half warrant (a “Warrant”) with each full Warrant being exercisable into one additional Share at a price of $0.60 per Share for a period of 36 months from closing. No finders’ fees or commissions were…

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Jericho Oil to Raise $5,660,377 in Equity Financing for Oklahoma Acquisition
August 2, 2017

TULSA, OK, and VANCOUVER, BC, August 2, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that it plans to raise $5,660,377 through a non-brokered private placement (the “Offering”) of 12,578,616 units (“Units”) at a price of C$0.45 per Unit. Each Unit is comprised of one common share (a “Share”) and one-half warrant (a “Warrant”) with each full Warrant being exercisable into one additional Share at a price of $0.60 per Share for a period of 36 months from closing. Proceeds from the Offering will be used to acquire an additional 25% working interest (“WI”) in a producing…

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Jericho Oil Grants Incentive Stock Options
July 5, 2017

VANCOUVER, BC, July 5, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has granted a total of 1,600,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. This grant includes 650,000 Options previously announced by Jericho on June 9, 2017, but which were officially granted on July 4, 2017. All of the Options are exercisable at a price of $0.50 per share for a period of 5 years and have been granted under and are governed by the terms of the Company’s incentive stock option plan. About Jericho Oil Corporation…

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Jericho Oil Launches Company Spotlight from Visual Capitalist
June 20, 2017

Jericho Oil Corporation is pleased to have teamed up with Visual Capitalist in a new marketing campaign to help grow its overall online presence using modern media such as the new Jericho Oil Inforgraph that can be found on our website by clicking here or by clicking on the picture below. Visual Capitalist is a digital media market leader in creating context and content that covers high-growth opportunities and industries while generating and curating enriched visual content focused on the global economy, emerging trends in business and investing. Jericho’s Infograph can also be found on the VisualCapitalist.com website by clicking here….

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Jericho Oil Publishes Annual Letter to Shareholders
June 12, 2017

TULSA, OK and VANCOUVER, BC, June 9, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has published its Annual Letter to Shareholders on the Company’s website at https://jerichooil.dev/wp-content/uploads/bsk-pdf-manager/2016AnnualLettertoShareholders_FINAL_20.pdf Jericho also reports that at its Annual General Meeting of Shareholders held on May 24, 2017, shareholders in person or by proxy representing 65.44% of the outstanding common shares of the Company, voted overwhelmingly (+99.9% For) to elect incumbent directors Allen Wilson, Nicholas Baxter, Gerald Tuskey and Markus Seywerd, as well as to elect Brian Williamson as a new director. Mr. Williamson is President (Jericho Oklahoma). Further,…

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