Jericho Oil

Jericho Oil extends credit facility and initiates NCIB

Jericho Oil extends credit facility and initiates NCIB

Jericho Oil (JCO.V) received good news from its lender, East West Bancorp, as it confirmed the company’s borrowing base at US$7.5M until the new maturity date of the credit facility in July 2020. The ceiling could obviously redetermined (and will be up for revision in October), but considering the recent […]

Jericho’s first STACK well strikes it rich

Jericho’s first STACK well strikes it rich

Jericho Oil (JCO.V) has reported a preliminary result from the first well drilled on its Blaine county acreage, in a joint venture with the private partner and private equity backed Staghorn Petroleum. The first well was targeting the Meramec formation using a horizontal well with a length of 1 mile […]

Jericho: now drilling for oil

Jericho: now drilling for oil

The Jericho Oil (JCO.V) management team has been very busy in the past few months as it completed a series of strategic transactions to A) raise more money and B) strengthen its position in the STACK play. This has resulted in Jericho entering into a farm-in agreement with a private […]

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 […]