Jericho Oil Corp. is pleased to announce that it is has entered into an agreement for the acquisition of all the assets of Hydrogen Technologies Inc. HTI holds robust intellectual property for a breakthrough high-temperature Dynamic Combustion Chamber boiler that enables zero-emissions hydrogen to generate heat, hot-water, high-temperature steam, and Combined Heat & Power through a closed-loop process. The closing of the [...]
Jericho Oil Corp. announces that it has granted incentive stock options , pursuant to its stock option plan , of 4,725,000 common shares of the Company, to certain directors and officers of the Company. The Options are exercisable at a price of $0.15 CAD for a period of up to 5 years. The Company also reports that as part of its ongoing, broad-based focus to decrease costs during the current market downturn, its senior [...]
Further to its news release dated April 23, 2020, Jericho Oil Corp. announces that it has closed a fully subscribed non-brokered private placement of 50 million units at $0.10 CAD per Unit for gross proceeds of $5 Million. Each Unit is comprised of one Common Share and one Warrant , with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date [...]
Jericho Oil Corp. announces that due to delays related to the COVID-19 pandemic, it has postponed filing of its quarterly financial statements and management’s discussion and analysis ended March 31, 2020 , which were due to be filed on June 1, 2020. Jericho will rely on the Canadian Securities Administrators' blanket relief which provides a 45-day extension for periodic filings normally required to be made on or before [...]
Jericho Oil Corp. announces that it intends to raise approximately $5 Million CAD through a non-brokered private placement of approximately 50,000,000 units at a price of C$0.10 per Unit, with each such Unit consisting of one common share of the Corporation and one Common Share purchase warrant , with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months [...]
Jericho Oil Corp. today has published a letter to shareholders from Brian Williamson, CEO: I felt it was important, particularly at this moment in time, to apprise our shareholders of Jericho’s plan going forward as we face these difficult market conditions. Over the past several weeks, we have seen negative effects both in the oil industry, and the market at large, as the world’s largest consumers of oil have [...]
Jericho Oil Corp. announces that, further to its news release dated November 20, 2019, its shareholder update webcast and conference call has been rescheduled for December 4, 2019. Date: Wednesday, December 4, 2019 Time: 4:10 p.m. ET / 1:10 p.m. PT Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh Live Call: US/CAN Toll-Free 467-7112 or US/CAN/International 220-9938 Replay: US/CAN Toll-Free 859-2056 or [...]
Jericho Oil Corp. announces that Brian Williamson, CEO, will host a webcast and conference call to provide shareholders with an update on general business developments as well as the Company’s growth strategies. A brief Q&A session will follow the prepared remarks. Date: Tuesday, December 3, 2019 Time: 4:10 p.m. ET / 1:10 p.m. PT Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh Live Call: US/CAN Toll-Free [...]
Jericho Oil Corp. announces positive offset operator well results in conjunction with our Geology Team’s revealing geochemical study. Jericho’s strategy of steady patience since entering the prolific, low-cost STACK Play of Oklahoma in September 2017 continues to build Company confidence. With a primary focus on the Osage formation, we saw surrounding activity from multiple, well-known offset operators [...]
Jericho Oil Corp. announces that preliminary 2018 full-year partnership production totaled approximately 297,000 barrels of oil equivalent up 33% from 2017 full-year partnership production of 222,000 BOE. The Company’s 2018 partnership production is an all-time yearly high. In addition to record production, the Company continued to drive down production operating expenses with an approximately $17.00 / BOE cost in [...]
Jericho Oil Corp. is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas. Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma. The NAPE Summit brings [...]
Jericho Oil Corp. is pleased to announce that the lender under its USD$30 million Senior Secured Revolving Credit Facility , East West Bancorp, has reaffirmed its borrowing base at $7.5mm following the Company’s regularly scheduled semi-annual redetermination process. There were no other material changes to the terms of the Facility resulting from this borrowing base redetermination. The Company also reports that it [...]
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