Jericho Oil

Elysee Development reports a NAV of C$0.51 per share

Elysee Development reports a NAV of C$0.51 per share

Elysee Development (ELC.V) reported its financial results for the first nine months of its financial year (which ends in November). The company has earned a total of C$358,000 in those first three quarters, which means it lost approximately C$185,000 in the third quarter, which represents less than 1 cent per […]

Jericho Oil raises C$5.7M from cornerstone investors

Jericho Oil raises C$5.7M from cornerstone investors

Jericho Oil (JCO.V) has finally decided to bite the bullet and will complete a 12.6M unit placement at C$0.45 to raise C$5.66M (before expenses). Each unit will consist of one common share of Jericho Oil and half a warrant which will allow every warrant holder to acquire an additional share […]

Jericho Oil is trading 29% below its PV10 NAV

Jericho Oil is trading 29% below its PV10 NAV

It took the company a bit longer than we expected, but Jericho Oil (JCO.V) has now finally released an updated reserve report on its American activities. To make our life easier, Jericho has reported all results based on its effective interest in the properties, which provides us with a very […]

Jericho will boost the oil production at its own assets

Jericho will boost the oil production at its own assets

Jericho Oil (JCO.V) has presented its organic growth plan to the market, which will aim to maximize the production rate and cash flows from the 75,000 acres in Oklahoma it jointly owns with a private family office. A first step will be to reduce the decline rates of the existing […]

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 […]