Jericho Oil Corp.

Expert Comments:

	Thibaut Lepouttre, Caesars Report (5/8/20) "Jericho Oil Corp. was eyeing some acquisitions in April where it planned (or still plans) to take advantage of the low oil price to buy additional assets for pennies on the dollar. In order to do so, the company needed to raise cash, and its core shareholders agreed to fund it with CA$5M by acquiring 50 million units at CA$0.10."

More Expert Comments

Thibaut Lepouttre, Caesars Report (12/24/18) "Jericho Oil Corp. has made some major steps forward this year as the company elected to participate, through its 26.5%-owned STACK joint venture, in the drilling of two wells in the Meramec formation (Wardroom and Valkyrie) as well as two wells in the Osage formation (Trebuchet and Swordspear). . .the drilling increases the company's proven undeveloped reserves and provides extensive (technical) information."
Business Edge (12/1/18) "There are several catalysts ahead for Jericho Oil Corp. shareholders as the coming months look to be filled with positive activity. The company recently announced two new horizontal STACK wells (drilling underway) and expects additional 'tuck-in' acquisitions contiguous to its current acreage increasing its already envious position."
	Thibaut Lepouttre, Caesars Report (10/6/18) "Jericho Oil Corp. released an extensive production and exploration update on its STACK joint venture (JV) operations in Oklahoma, where two wells have been completed and no less than four new wells are currently being drilled. . .the Trebuchet well is currently in the process of building the curve to initiate the lateral part of the well. . .a good production result would have a meaningful impact on the production profile of the STACK JV."
Thibaut Lepouttre, Caesars Report (9/4/18) "Jericho Oil Corp. received good news from its lender, East West Bancorp, as it confirmed the company's borrowing base at $7.5M until the new maturity date of the credit facility in July 2020. . .after having participated in two successful wells through the STACK joint venture, the company elected to participate in developing the Trebuchet well, which will be the third well."
Thibaut Lepouttre, Caesars Report (7/25/18) "Jericho Oil Corp. has released a production update on its ongoing development program in the STACK acreage in Oklahoma. The company's Swordspear well is currently producing at an average rate of 400 boe/d (61% oil), but the output is still climbing as the most recent reports are confirming a current production rate of approximately 500 bpd."
Thibaut Lepouttre, Caesars Report (6/6/18) "The Wardroom well, which was drilled on the western flank of Jericho Oil Corp.'s STACK joint venture land package, produced an average of 405 boe/d over the first 60 days. That's a total of 24.3 Mbbl oil that has been produced in the past two months, and 405 bpd could definitely be seen as a success."

Experts Following This Company

Thibaut Lepouttre, Editor – Caesars Report

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