The Next HOT ALERT IS Symbol: JROOF
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Jericho Oil is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma. Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves. Jericho has assembled a 55,000 net acre position across Oklahoma, including an interest in 14,000 net acres in the STACK play.
Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK. The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.
Why is JROOF so special?
Jericho Oil is said to ramp production—with just 450 net barrels production right now.
That will change quickly now that Jericho is switching from growing its land base to growing its oil production.
They’ve just drilled their first two wells in the STACK, and results are pending. And all through 2018, Jericho will drill one well every six weeks into this lowest cost oil acreage in the United States.
There is always someone ready to buy your land position—especially now that the oil price has moved up from the $40/b it was back when Jericho bought this land in mid 2017 to $60/barrel today.
Jericho CEO Brian Williamson believes that because they have such a dense land position, there are many opportunities for the company to make what’s called “tuck-in” acquisitions; small adjacent acreage positions.
CEO
Mr. Williamson began his career at Arthur Andersen as part of its Tax and Business Advisory Services Practice. While at Arthur Andersen, he worked with Fortune 500 and FTSE 100 companies and private firms on evaluating investment opportunities and conducting extensive research on corporate planning and due diligence on industry transactions. Mr. Williamson left Arthur Andersen to become the President and Chief Operating Officer for The Harbor Group, a private equity backed energy investment, trading and risk management firm in New York. At The Harbor Group, he headed transaction evaluation, due diligence and execution. Mr. Williamson also oversaw the creation, trading and risk management of energy and energy related trading products in various world markets. From 2006 until 2012, Mr. Williamson managed the private equity platform for a New York based financial institution.
President