Jericho Energy Ventures Inc Stock Price, News & Analysis

Jericho Energy Ventures (TSXV:JEV)(OTC PINK:JROOF) announced that its subsidiary, Supercritical Solutions, secured approximately £146,000 from the UK Department for Business, Energy & Industrial Strategy for Phase 1 of the GreeNH3 project aimed at green ammonia production. This funding supports Supercritical's innovative high-pressure electrolyzer technology powered by renewable energy, which eliminates the need for gas compressors in hydrogen production. The project aims to facilitate sustainable ammonia production, essential for fertilizers and energy carriers.

Jericho Energy Ventures (OTC PINK:JROOF) has initiated permitting for the Lazarus-1 well in Pawnee County, Oklahoma, aiming to increase production amidst elevated commodity prices. The Red Fork formation is expected to enhance cash flow as Jericho leverages prior profits from its oil and gas assets, continuing its drilling efforts for the first time since 2018. CEO Brian Williamson emphasizes the company’s financial strength and commitment to delivering returns for investors. Jericho also explores advancements in low-carbon technologies.

Jericho Energy Ventures (OTC PINK:JROOF) announced that its subsidiary, Hydrogen Technologies, President Janet Reiser has been recognized in the Women in Hydrogen 50 for her contributions to the hydrogen sector. She is among 10 leaders in the Technology & Innovation category.

With over 35 years in energy management, Reiser previously led the Alaska Energy Authority and is noted for her role in advancing low-carbon technologies. Jericho's focus remains on hydrogen innovations, boasting its patented ZERO-EMISSION ENERGY SOLUTION for commercial applications.

Jericho Energy Ventures (TSXV:JEV)(OTC PINK:JROOF) appointed Carolyn Hauger to its Board of Directors, effective May 2, 2022. With this, the board comprises five members. Hauger brings extensive experience in finance, engineering, and regulatory oversight, previously serving as CFO at Ten-Nine Technologies and Lion, Inc. CEO Brian Williamson highlighted that her expertise will be invaluable as the company expands in the energy sector. Jericho focuses on low-carbon technologies and operates producing oil and gas assets, positioning itself for the green energy transition.

Jericho Energy Ventures (TSXV:JEV, OTC PINK:JROOF) highlights its subsidiary Hydrogen Technologies role in Canada's energy transition post the 25% rise in the national carbon tax, effective April 1, 2022. The tax now totals $50 per tonne, influencing fuel costs and requiring companies to adopt lower carbon solutions. Hydrogen Technologies has advanced its cleanH2steam Dynamic Combustion Chamber™ zero-emission boiler, anticipating increased demand. CEO Brian Williamson notes significant opportunities for businesses to reduce carbon emissions amid rising costs influenced by government regulations.

Jericho Energy Ventures (OTC:JROOF) announces an update on its oil and gas portfolio amid rising global petroleum demand. With crude oil and natural gas prices at eight-year highs, Jericho anticipates 15-18% increases in field-level operating cash flow margins for 2022. The company holds approximately 52,000 net acres in Oklahoma and operates unhedged production, allowing full leverage to current prices. Jericho aims to reinvest profits into developing its assets while continuing its focus on low-carbon energy transition initiatives.

Jericho Energy Ventures (OTC PINK:JROOF) announced that its portfolio company, H2U Technologies, signed a Joint Development Agreement (JDA) with Industrie De Nora to explore non-platinum group metal catalysts for green hydrogen production. This collaboration aims to reduce costs in hydrogen production, promoting energy transition. De Nora, a leader in electrolysis technology, will assist in bringing H2U's catalysts to market. Ryan Breen, Jericho's Head of Corporate Strategy, highlighted the potential of this technology to transform affordable green hydrogen production.

Jericho Energy Ventures (OTC PINK:JROOF) announced an investor webinar on March 24, 2022, at 4:05 PM ET, led by CEO Brian Williamson.

The webinar will address key developments, including:

• Growth in its Hydrogen Technologies subsidiary, engaging three major corporations.
• The Mid-Continent Oil & Gas portfolio benefitting from rising prices.
• Fast-tracked interest in its District Heating Program.

Investors are encouraged to submit questions prior to the event.

Jericho Energy Ventures (JROOF) announces that CEO Brian Williamson will present at the H2 View's Virtual Hydrogen Summit Europe 2022 on March 15, 2022. He will participate in a panel alongside notable hydrogen industry leaders, highlighting Jericho's commitment to the low-carbon energy transition. The company focuses on hydrogen technologies, energy storage, and carbon capture. Jericho also holds strategic investments in companies like H2U Technologies and Supercritical Solutions, enhancing its position in the $30 billion commercial and industrial heat and steam market.