News Releases

Jericho Oil’s Phase 1 Development Program Doubles Gross Production
August 27, 2014

VANCOUVER, August 27, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO, Frankfurt: JLM) today announced that following its Phase I Development Program (“Phase I”), daily production has increased by approximately 100 percent. Gross production across the Company’s oil producing acreage has averaged just under 100 barrels per day for the month of August thus far.  Cumulative production for the month is expected to be approximately 3000 barrels as production continues to come on and the daily average continues to climb. In addition to the production results contained in this news release, Jericho plans to provide further Phase I…

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Jericho Oil Acquires Additional Productive Acreage in Prolific Oil Producing Channel
August 19, 2014

Kansas Land Package Nears 3,600 Acres Following Acquisition VANCOUVER, August 20, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO, Frankfurt: JLM) today announced it has added production and an additional 475 development acres in Miami County, Kansas. The new acreage, located within two miles of Jericho’s existing EKan-3 leases and which runs along the same prolific oil producing channel, brings Jericho’s total Kansas acreage position to nearly 3,600 acres. The Acquisition has current production of approximately four barrels of oil per day and has been historically developed and produced since the 1970s. Development of the Acquisition will be…

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Jericho Oil Corporation Reports Early Results Have Exceeded Expectations
August 14, 2014

VANCOUVER, August 14, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO) today provides the first in a series of rolling updates on its Phase 1 Drilling Program results. In June 2014, Jericho announced it had completed its Phase 1 Drilling Program, drilling and completing 62 new producing wells and 42 water injection wells.  In addition to the production results contained in this news release, the Company plans to provide further development and production results as it brings leases online over the coming weeks. Jericho’s first set of newly drilled and completed production wells on its Cartwright lease (160…

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Jericho Oil Adds Contiguous Acreage Package to its Recently Acquired EKan-3 Property
June 24, 2014

New Acreage Part of Prolific Oil Producing Channel With Over 5 Million Barrels of Cumulative Production   VANCOUVER, June 24, 2014 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO), today announced it has added production and an additional 254 acres of oil & gas leases in Miami County, Kansas (the “Acquisition”). The new acreage, which runs contiguous to Jericho’s EKan-3 asset, is in a particular channel that has been a prolific oil producing reservoir, with over 5 million barrels of cumulative production. The Acquisition has current production of 8 barrels of oil per day, and brings Jericho’s total Kansas…

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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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