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JCO:TSX.V; JROOF:OTC

Jericho Oil Corp.

Jericho is a well-financed, growth-oriented oil and gas company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in the Mid-Continent, primarily Oklahoma. For more information, please visit www.jerichooil.com.
JCO:TSX.V JROOF:OTC

Expert Comments:

headshot of Thibaut Lepouttre

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

Experts Following This Company

headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report

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Investing Highlights
 
High-quality oil & gas assets acquired in downturn which are breakeven at ~$40 oil and now being developed
 
World-Class cornerstone investors including Edward Breen (CEO, DowDuPont) and Sam Belzberg
 
Top-notch technical team with deep experience in Oklahoma
catalyst Calendar
Q2
2018
Further acquisitions in the prolific Oklahoma STACK Play
Q2
2018
Completion of two horizontal STACK wells with private partners