Jericho Oil Corp.

Expert Comments:

Oklahoma-Based Oil & Gas Firm Reaches Production Milestone in Full-Year 2018 (3/2/19) The achievement affirms the company's strategy last year to prove and develop its STACK acreage position. read more >
	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."
Joint Venture's First STACK Well in the Osage Still Producing Strongly (12/11/18) The well's performance bodes well for the rest of the partners' acreage in the play. read more >
Why This Oil Stock Will Be a Screaming Buy Between Now and the End of December (12/4/18) Keith Schaefer, publisher of Oil & Gas Investments Bulletin, profiles a small-cap oil and gas firm active in the Oklahoma STACK that he believes stands out from the pack. read more >
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."

More Expert Comments

Clive Maund, Clive Maund.com (3/30/18) "Jericho Oil Corp. reacted back more than expected – if we had expected it we would of course have taken profits and stood back, like we did after the earlier rally. The reaction has brought it back to support and with volume having died down, it should soon turn up again. So we stay long and it is a buy again here."
Keith Kohl, Pure Energy Trader (3/23/18) "Jericho Oil Corp. recently announced some great well results. . .the Wardroom 19-13-12H well, which is located within the normally pressured oil window of the STACK play, achieved a peak 24-hour production rate of 957 boe/d, at 211 boe/d per 1,000 ft. The company projects the 30-day normalized rate for this lateral well will be 770 boe/d."
John Benny, Reuters (3/19/18) "A little-known oil play in Oklahoma is attracting more drilling and investment as rising output from newer wells is enticing companies to boost production beyond the giant Permian basin in Texas. . .The Meramec formation is a part of what is called the STACK region - Sooner Trend Anadarko basin Canadian and Kingfisher counties - where companies such as Marathon Oil and Devon Energy bought up acreage following the oil slump in 2014. Canada's Jericho Oil also plans 'tuck-in acquisitions' in the region."
Pinnacle Digest (3/17/18) "Jericho Oil Corp. has been steadily advancing its U.S. business operations with strategic transactions, growing production and financings. . .On Wednesday, Jericho's stock hit a new all-time high of CAD$1.38 - roughly a 185% increase. . .Jericho's success to date is due, in large part, to the strength of the company's management and their ability to seek out advantageous deals for a company of its size. Navigating through one of the worst bear markets for oil in a generation is no easy task, and getting Jericho to this stage, took experience, industry connections and negotiating skill."
Clive Maund, Clive Maund.com (3/11/18) "While there was clearly an element of luck involved, our repurchase of Jericho Oil Corp. on Monday tuned out to be very well timed, as it soared 25% higher (17% on US OTC) to a new high yesterday on huge record volume. What is likely to happen now? Should you take profits? The answer is believed to be no. Although it could backtrack today on profit taking, perhaps to the vicinity of the January highs, the enormous record volume on this break to new highs, which was a record by a huge margin, is a sign that it is probably headed much higher. Therefore no action is required on our part and we simply wait to see how it plays out."
Energy & Gold Ltd. (3/7/18) "One of our long time favorite picks, Oklahoma oil junior Jericho Oil, is in full on breakout mode today as it rips higher to fresh all-time highs on heavy volume. . .JCO has historically been a thin trading stock because the vast majority of shares are held by strong hands (insiders and the company's big 3 investors: Breen Family Trust, Sam Belzberg, and Mike Graves) which makes today's record volume (already over 600,000 shares at the time of writing) all the more impressive."
	Keith Schaefer, Oil and Gas Investments Bulletin (3/7/18) "Jericho Oil Corp. is the smallest company—backed by the biggest investors—in the lowest-cost oil play in the U.S. That's where the best leverage is—time and time again. I'm long, I'm excited and as drill results hit the market—very soon."
Clive Maund, Clive Maund.com (3/5/18) "We took a nice profit in Jericho Oil Corp. back in January, selling it right at the top. The company continues to be liked for its intrinsic strengths, but nevertheless it looked set to react back significantly and it has. When we sold it we figured that we may buy it back on such a reaction. . .Jericho is rated a buy again here, especially on any dip towards Friday's intraday low, with a stop just beneath it, say at C$0.685. The larger outlook for the oil sector remains grim, this is a trading setup particular to Jericho."
Clive Maund, CliveMaund.com (9/4/17) "On the latest 1-year chart we can see how Jericho Oil Corp.'s stock price has succeeded in breaking out into a new intermediate uptrend and advancing, despite the oil price receding during August, and despite two recent financings, which is a sign of the company's intrinsic merits. . .volume indicators have picked up well, a positive sign, with the on-balance volume line looking particularly strong as it is already at new highs. . .this is considered to be one of the best oil investments around, so holders should stay long and new purchases are in order at this juncture."
Alex Koyfman, First Call (8/29/17) "Jericho Oil Corp. announced that it intends to raise approximately C$10 million through a non-brokered private placement of approximately 20,833,333 units at a price of C$0.48 per unit. Each unit is comprised of one common share and one-half 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 primarily to acquire an interest in a joint venture that owns 9,400 net surface acres in the oil window of the Anadarko Basin STACK play in Oklahoma, as well as for working capital."
Clive Maund (8/4/17) "Jericho Oil Corp. stock is looking very attractive here. This relatively young company has taken advantage of the weakness of the oil price in the last several years to buy up good properties and wells, and most of the stock is tightly held by investors who are in for the long haul. It is also highly geared to the oil price on the upside, which is nice to know considering that oil looks like it is about to break out into a big rally. . .The strategy is Oklahoma. The US is one of the best places in the world to do business for an oil company."
	Thibaut Lepouttre, Caesars Report (6/15/17) "Jericho Oil Corp. is still working towards becoming a mid-tier oil producer in the United States. Whilst the company is very likely still pursuing an acquisition, it’s also developing its own exploration and development plans to unlock the full potential of the oil projects it has already acquired. . .the proved reserves increased by 1289% of the production rate, which indeed means the company has added thirteen times more barrels to the proved reserve category compared to its annual production. That's an exceptional result. . .shareholders should be very happy their share price is now fully backed by the company's PV10."

Experts Following This Company

	Maurice Jackson
Keith Kohl – Energy and Capital
	Thibaut Lepouttre, Editor – Caesars Report
Clive Maund – CliveMaund.com
	Bob Moriarty, Author – 321 Gold
	Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
	Keith Schaefer, Editor/Publisher – Oil and Gas Investments Bulletin

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