News Releases

Jericho Oil Reports December 31, 2016 Reserves – Company Increases 2P Reserves by 147%
May 4, 2017

VANCOUVER, BC and TULSA, OK, May 4, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF), announces the results of its 2016 year-end reserves evaluation of its Kansas and Oklahoma properties as prepared by Cawley, Gillespie & Associates, Inc. (“CGA”), the Company’s independent reserves evaluator.  The evaluation was prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook (“COGE Handbook”) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101”). Highlights of the Reserve Report (all dollar amounts in $USD):  Jericho for the year ending December 31, 2016 achieved significant reserve…

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Jericho Oil Announces 20% Increase in Borrowing Base
April 25, 2017

TULSA, OK and VANCOUVER, BC, April 25, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF), today announced that the borrowing base under its joint Senior Secured Revolving Credit Facility (the “Facility”) was increased to USD$12 million following East West Bancorp, Inc.’s (“East West”) regularly scheduled semi-annual redetermination process.  There were no other material changes to the terms of the credit facility resulting from this borrowing base redetermination. Jericho, in conjunction with its private family partner, entered into a $30 million credit facility with East West in July 2016. The Facility bears interest at a rate of WSJ Prime…

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Jericho Oil to Present at the Planet MicroCap Showcase 2017
April 11, 2017

TULSA, OK and VANCOUVER, BC / ACCESSWIRE / April 11, 2017 / Jericho Oil Corporation (TSX-V: JCO; OTC: JROOF), a growth-oriented oil and gas company focused in Oklahoma, announced today that it will be presenting at the inaugural Planet MicroCap Showcase being held on April 26-28, 2017 at the Planet Hollywood Resort & Casino in Las Vegas, NV. The company will be presenting at 11 AM PDT on April 27, 2017. Brian Williamson, President (Jericho Oklahoma) will be presenting, as well as meeting with investors. Management will also be available for one-on-one meetings at the conference. To schedule a time, contact Robert…

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Jericho Oil to Attend NAPE Summit in Houston Feb. 15-17
February 10, 2017

TULSA, OK and VANCOUVER, BC, Feb. 10, 2017 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC: JROOF), a growth-oriented, upstream oil and gas company, will be attending the NAPE Summit 2017, held Feb. 15-17, 2017 at the George R. Brown Convention Center in Houston, TX. The annual NAPE Summit is a networking event that brings together all the players necessary to forge, facilitate and close deals. In the upstream oil and gas business, it is the largest and most successful event of its kind in the world. This massive three-day event offers prospects, producers and purchasers a unique chance to connect,…

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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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