Jericho Energy Ventures Inc V.JEV

Should have been green today!

[TruthSeek101]

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.

[hsbc11]

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