News Releases

Jericho Oil to Accelerate Oil-Concentrated Production Growth in First Half 2017
February 2, 2017

Full-Year 2016 Gross Average Daily Partnership Production Increases 182% Year Over Year TULSA, OK and VANCOUVER, BC, Feb. 2, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF), a growth-oriented, upstream oil and gas company, is pleased to provide its Q1/Q2 2017 Operating Plan in Oklahoma, where it holds ~75,000 acres in partnership with a Private Family Office.   Jericho’s operating and technical team has begun its initial program aimed at reducing the decline rates within producing wells, returning idled wells to production and lessening downtime across its assets. A key portion of the Company’s acquisition thesis is that previous…

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Jericho Oil Appoints Markus Seywerd to the Board of Directors and Adds to Technical Team
January 17, 2017

TULSA, OK and VANCOUVER, BC, Jan. 17, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) is pleased to announce that Markus Seywerd will be joining the Company’s Board of Directors as an independent director. Mr. Seywerd is Chief Investment Officer and Co-Founder of Park Lane Capital SIVAC plc., a London based investment management firm, where he is responsible for all aspects of portfolio construction, risk management and trading. Prior to Park Lane, he was a portfolio manager at SISU Capital, a London based investment management firm, and was a founding partner of Arbitrage Capital Management, a systematic Commodity Trading…

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Jericho Oil Closes Private Placements for Proceeds of $5.39 Million
January 6, 2017

VANCOUVER, BC, Jan. 6, 2017 – Further to news releases dated Nov. 25, 2016 and Dec. 23, 2016, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that it has closed two non-brokered private placement financings (the “Offerings”) for total gross proceeds of C$5,385,756 and has issued 13,464,392 units (“Units”) at a price of $0.40 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…

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Jericho Oil Raises $1.46 Million in Private Placement
December 23, 2016

VANCOUVER, BC, Dec. 23, 2016 – Further to its news release dated Nov. 25, 2016, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that it has raised an additional C$1,461,351 by way of a non-brokered private placement (the “Offering”) of 3,653,378 units (“Units”) at a price of $0.40 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 for acquisitions which…

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Jericho Oil Raises $3.92 Million in Private Placement
November 25, 2016

VANCOUVER, BC, Nov. 24, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that it has raised C$3,924,405 by way of a non-brokered private placement (the “Offering”) of 9,811,014 units (“Units”) at a price of C$0.40 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. Two directors of Jericho participated in the financing, subscribing for 350,000 Units. Proceeds from the Offering will be used for acquisitions…

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Jericho Subsidiary Named in Oklahoma Law Suit
November 22, 2016

VANCOUVER, BC, November 21, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that Eagle Road Oil, LLC (Eagle Road), an entity in which its U.S subsidiary Jericho Oil Oklahoma Corp, owns a 50% interest, has been named as one of 27 defendants in a class action petition filed in the district court of Pawnee County Oklahoma. The petition alleges that the named oil and gas companies caused man-made earthquakes through the disposal of fracking wastewater. No specific damage amount is alleged in the action. Eagle Road carries industry standard insurance for operational, general and environmental liabilities. Eagle Road…

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Jericho Oil To Issue 600,000 Compensation Shares
October 18, 2016

VANCOUVER, BC, October 14, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that it will issue a total of 600,000 compensation shares to two U.S. based employees and a consultant as part of their negotiated compensation packages. Jericho’s U.S. based employees are employed by a U.S. operating subsidiary. The compensation shares will be issued upon receipt of TSX Venture Exchange approval but will vest over a two year period with 25% of the issued shares vesting every three months in the second year of the vesting period. About Jericho Oil Corporation Jericho is a growth-oriented oil and gas…

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Jericho Oil Extends Term of 4,230,518 Outstanding Warrants
September 29, 2016

VANCOUVER, BC, September 29, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that it has extended the term of 4,230,518 outstanding warrants (the “Warrants”). The Warrants were issued pursuant to a unit private placement which closed on October 16, 2014 and are exercisable at the price of $0.75. The Warrants are currently set to expire on October 16, 2016. The Company has received conditional TSX Venture Exchange approval to extend the exercise term of the Warrants for one additional year to October 16, 2017. The exercise price of the Warrants remains $0.75. About Jericho Oil Corporation Jericho is…

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Jericho Oil Continues Acquisition Roll-Up Adding Production and Large Acreage Position
August 8, 2016

Post transaction, Jericho to have more than 75,000 net acres in core focus area TULSA, OK and VANCOUVER, BC, Aug. 8, 2016 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC: JROOF) announces its affiliate Eagle Road Oil, LLC (a JV with its private family partner, owned 50% by Jericho) has signed a definitive agreement with an affiliate of Enervest Ltd., to acquire operated and non-operated producing wells and drillable leaseholds in Central Oklahoma for a cash consideration of USD$3.951 million ($1.975 million net to Jericho), subject to customary post-closing adjustments. The asset package is in an area complementary…

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Jericho Oil Announces New Joint $30 Million Credit Facility
August 3, 2016

Jericho Oil Announces New Joint $30 Million Credit Facility TULSA, OK, and VANCOUVER, BC, August 3, 2016 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF) announces that, in conjunction with its private family partner, it has entered into a USD$30 million Senior Secured Revolving Credit Facility (the “Facility”) with East West Bancorp, Inc. (NASDAQ: EWBC) as the sole arranger. The initial borrowing base has been set at $10 million. The Facility is available for working capital requirements, capital expenditures, acquisitions, general corporate purposes, and to support letters of credit. The Facility will bear interest at a rate of WSJ Prime…

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