News Releases

Jericho Oil Corporation Completes Phase 1 Drilling Program Ahead of Schedule With Positive Initial Production Results
June 11, 2014

VANCOUVER, June 11, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO)  announces it has completed its Phase 1 drill program ahead of schedule drilling 35 additional wells (40% more than the scheduled 80 wells) with positive results from its initial drilling efforts. The Company has now drilled 72 new, oil producing wells and 43 new, secondary recovery water injection wells into known producing formations between 600 and 800 vertical feet on its eastern Kansas properties, with a greater than 90% success rate.  To-date, 30 oil producing wells and 12 secondary recovery water injection wells have been brought on-line….

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Jericho Oil Corporation Announces Phase 1 Development Wells To Be Brought Online This Week
May 14, 2014

Phase 1 Drilling Program of 70 Wells is Ahead of Schedule VANCOUVER, May 14, 2014 /CNW/ – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO) today announced its Phase 1 drilling program of 70 wells (increased in April to include Jericho’s recent EKan-3 acquisition) is ahead of schedule.  The Company has now drilled over three-quarters of the planned wells on its recently acquired Eastern Kansas Properties. In addition, Jericho is pleased to report its first set of production wells will be brought online this week.  The Company intends to continue to turn on additional wells as it finishes up its…

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Jericho Oil Corporation Adds 160 Acres to its Recently Acquired Kansas Properties
April 23, 2014

VANCOUVER, April 23, 2014 /CNW/ – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO), a growth-oriented oil & gas company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in North America, today announced it has contracted a 50% interest for 160 additional development Acres in Miami County, Kansas.  This acquisition, named EKan-3, brings Jericho’s total Kansas acreage position to over 2,800 acres. The EKan-3 acreage will be included as part of Jericho’s initial development program and will follow Jericho’s 3-phase systematic asset development plan.  Completed wells will follow Jericho’s value creation strategy using 2.5…

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Jericho Oil Corporation Announces Its Initial Development Drilling and Capital Program On Its Recently Acquired Kansas Properties
April 9, 2014

VANCOUVER, April 9, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO), a growth-oriented oil & gas company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in North America, today announced its initial development drilling and capital program for its recently acquired Kansas Properties, located in Douglas, Linn and Miami Counties. Employing 4 active rigs, Jericho’s initial shallow drilling program calls for 35 vertically producing wells and 35 water injection wells to be drilled, equipped and completed into known producing formations during 2Q-2014 on its EKan-1 and EKan-2 properties. In addition, there are…

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Jericho Oil Corporation To Resume Trading; Receives Final 51-101 Report Approval
March 25, 2014

March 25, 2014 – Vancouver, British Columbia – Mr. Allen Wilson, President and CEO of Jericho Oil Corporation (“Jericho” or the “Company”) announces that the Company’s common shares will resume trading on the TSX Venture Exchange at the market open on Tuesday, March 25, 2014.  Jericho has acquired a 50% working interest in two oil lease packages located in Douglas, Linn and Miami Counties, Kansas (“the Kansas Properties”).  The Kansas Properties comprise 21 leases (2,688 acres) with current production of 51 barrels of 23˚API oil per day. Further to the Company’s December 18, 2013 news release, the independent reserve report prepared…

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Jericho Announces Closing of $6.547 Million Unit Private Placement, Kansas Oil Acquisition, Name and Symbol Change
February 28, 2014

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 28, 2014) – Mr. Allen Wilson, President and CEO of Jericho Oil Corporation (formerly Dakar Resource Corp.) (“Jericho” or the “Company”) (TSX VENTURE:JCO) announces that the Company has raised $6.547 million by way of a non-brokered private placement of 21,826,366 units (the “Units”) at $0.30 per unit (the “Offering”). The Offering substantially exceeds the Company’s original target of $5.0 million which was announced December 18, 2013. Each unit is comprised of one common share and one half warrant (a “Warrant”) with each whole Warrant being exercisable into one common share at $0.50 per share for two…

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Dakar Announces Change in Year End
January 10, 2014

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 10, 2013) – Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar” or the “Company”) (TSX VENTURE:DKR) announces that the Company’s board of directors has resolved to change the financial year end of the Company from September 30 to December 31. The change in the financial year end from September 30 to December 31 will align the Company’s year end with those of its U.S. operating subsidiary and joint venture partner as Dakar begins oil and gas operations in Kansas. The Company’s annual financial filing package, including audited financial statements and MD&A, for the…

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Dakar Director Resigns
December 30, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 30, 2013) – Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar” or the “Company”) (TSX VENTURE:DKR) announces that the Company has accepted the resignation of Mr. Tim Callaway from the Board of Directors. Dakar thanks Mr. Callaway for contributing his valuable mining industry experience to the Company during the period in which Dakar was focused on mineral exploration. Mr. Callaway’s seat on the Board will remain vacant until the Company holds its’ 2013 annual general meeting of shareholders which is expected to be called for late March. ON BEHALF OF THE BOARD Allen…

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Dakar Announces $5 Million Unit Private Placement and Kansas Oil Acquisition
December 18, 2013

  VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 18, 2013) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (TSX VENTURE:DKR) (“Dakar” or the “Company”) announces that the Company has entered into letters of intent (“the LOIs”) to acquire (the “Acquisition”) a 50% working interest in two oil lease packages located in Kansas (“the Kansas Properties”). The Properties comprise 2,588 acres with current production of 51 barrels of oil per day. Dakar is paying $2.475 million cash for its working interest in the Kansas Properties. Dakar will enter…

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Dakar Acquisition of Proteus Energy Lapses
December 17, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 17, 2013) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (TSX VENTURE:DKR) (“Dakar” or the “Company”) announces that the Company will not be proceeding with its proposed acquisition of Proteus Energy Corporation (“Proteus”). The Proteus acquisition and a concurrent financing through Haywood Securities Inc and Emerson Equity LLC were initially announced November 6, 2012. Dakar’s common shares were halted on the TSX-V November 1, 2012 preceding the Company’s announcement of the Proteus Acquisition. Despite receiving conditional approval of the Proteus…

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