Welcome to our dedicated page for Jericho Energy Ventures news (Ticker: JROOF), a resource for investors and traders seeking the latest updates and insights on Jericho Energy Ventures stock.
Jericho Energy Ventures Inc. (JROOF) bridges traditional energy production with cutting-edge hydrogen solutions, offering investors a unique vantage point in the energy transition. This page aggregates official press releases, financial disclosures, and strategic updates directly from the company and verified sources.
Access timely updates on JROOF's oil and gas joint ventures, hydrogen technology breakthroughs, and corporate developments. Track key initiatives like the Dynamic Combustion Chamber boiler system and partnerships with clean energy innovators. Investors gain a consolidated view of operational milestones and financial decisions shaping the company's dual-energy strategy.
Content includes earnings reports, technology licensing announcements, joint venture expansions, and sustainability initiatives. Bookmark this page for streamlined monitoring of JROOF's progress in both conventional energy markets and emerging hydrogen applications. Regular updates ensure stakeholders stay informed on developments impacting long-term value creation.
Jericho Energy Ventures (OTC:JROOF) reported significant increases in its oil and gas reserves as of December 31, 2022. Proved developed reserves rose by 32% to $27 million, while total proved reserves increased by 26% to $43.7 million. The company's proved plus probable reserves reached $48.3 million, marking a 37% increase. The performance of the Lazarus #1 vertical well exceeded expectations, averaging over 68 barrels of oil per day since December 2022. Jericho aims to enhance cash flow through its 2023 drilling program, slated to begin in late Q2. The detailed reserve information will be filed on SEDAR by April 30, 2023.
Jericho Energy Ventures Inc. (OTC: JROOF) will participate in the Sequire Investor Summit from April 24-26, 2023, at La Concha Resort in San Juan, Puerto Rico. This event will focus on the advantageous tax laws in Puerto Rico, offering insights for funds and investors to optimize their business strategies.
Attendees can look forward to impactful training sessions and keynote panels led by industry experts, covering the latest trends and strategies in finance and investment. CEO Brian Williamson will present on April 25 at 2 PM ET, sharing insights from Jericho Energy Ventures' experiences and expertise.
The summit aims to foster networking opportunities and equip participants with knowledge that drives business success in the evolving financial landscape. For registration and more information, visit the official event website.
Jericho Energy Ventures (OTC:JROOF) announced that its subsidiary, Hydrogen Technologies, is eligible for up to 80% grant funding from the U.S. Department of Energy (DOE) for businesses deploying its DCC™ hydrogen-fueled boiler. This initiative aims to decarbonize industrial operations by transitioning from traditional fossil fuel-based systems to a zero-emission alternative. The DOE's funding supports several projects with sizes ranging from $750K to $10M, with a total of $156 million allocated to various projects. The DCC™ boiler is recognized for its 97% fuel efficiency and emission-free operation, fostering a cleaner industrial environment.