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Jericho Energy Ventures Inc V.JEV

Alternate Symbol(s):  JROOF

Jericho Energy Ventures Inc. is a Canada-based energy company. The Company owns, operates and develops both traditional hydrocarbon joint venture (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The Company’s principal activity is the acquisition, exploration, development and production of oil and natural gas fields in the United States of America. The Company’s wholly owned subsidiary, Hydrogen Technologies, delivers, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. It also holds strategic investments and board positions in H2U Technologies (electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing high pressure, ultra-efficient electrolyzer). It also owns and operates long-held producing oil and gas JV assets in Oklahoma.


TSXV:JEV - Post by User

Post by TruthSeek101on Nov 15, 2022 6:47pm
216 Views
Post# 35101606

Should have been green today!

Should have been green today! I am not sure why there was a large seller in the stock today towards the close. The news of JEV's joint ventures selling undeveloped, non-core STACK acreage for $1.37M is positive, in my view. They still hold the producing STACK acreage with more targets, and their larger asset by production and size is their Mississippi Lime Oklahoma acreage, which is a different play altogether which JEV holds a 50 percent interest in (unlike 26.5 percent of the STACK). The fact that a larger operator will apparently soon be drilling beside the Stack JV acreage should only add value to the remaining core assets. Good value here, in my opinion. Do your own DD of course.
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