Tag: #OK

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 […]

Jericho Oil starts STACK’ing – a major step forward

Jericho Oil starts STACK’ing – a major step forward

Jericho Oil (JCO.V) has announced an agreement which allows it to acquire ‘just under’ a 1/3rd of a 9,400 acre land package in the Anadarko Basin STACK zone in Oklahoma. Jericho can acquire the third by investing up to US$9M in the acquisition and development expenses associated with the property. […]

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 […]

Hecla Mining starts airborne survey over OK2’s Kinskuch claims

Hecla Mining starts airborne survey over OK2’s Kinskuch claims

Hecla Mining (HL) has started an airborne geophysical survey over its Kinskuch property which almost completely surrounds the Kinskuch land package owned by OK2 Minerals (OK.V). OK2 has signed a cost-sharing agreement with Hecla, which means the airborne survey will also be flown over OK2’s land position as this will […]

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 […]