Tag: STACK

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 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. […]