Jericho Oil

Jericho Oil puts its new line of credit to good use

Jericho Oil puts its new line of credit to good use

Jericho Oil (JCO.V) has acquired Oklahoma-based assets from Enervest in what seems to be a relatively cheap acquisition. Jericho’s 50% owned subsidiary, Eagle Road Oil, has purchased a 91% average working interest of 62 wellbores and 31,200 acres of land from Enervest. As the average production rate in the first […]

Jericho sees its PV10 value fourfold, despite the lower oil price

Jericho sees its PV10 value fourfold, despite the lower oil price

Jericho Oil (JCO.V) has now released the updated reserve report for its properties in Kansas and Oklahoma. We were really looking forward to this update as this was the real ‘test’ to find out how accretive the most recent acquisitions were. And we weren’t disappointed, as Jericho’s total amount of […]

Weekend Read: Caesars Report in The Gold Report

Weekend Read: Caesars Report in The Gold Report

Thibaut Lepouttre, editor of Caesars Report, knows ’tis the season for generosity, so when we asked him for his top three picks among junior mining equities, he gave us five—four gold plays and a phosphate name. Belgium-based Lepouttre also discusses different “black swan” events and their potential impact on the […]

Jericho Oil – Reviving old oil fields

Jericho Oil – Reviving old oil fields

We met with the management team of Jericho Oil (JCO.V) to get a better understanding of the company’s business model and plans for the future. Jericho’s plan consists of acquiring past-producing oil fields which have been ignored since the initial production was shut down or reduced to just a few […]