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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 is engaged in owning, operating and developing 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 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 LLC (HT), offers a clean, zero-emission energy solution for the commercial and industrial boiler market. There are a wide range of applications for its cleanH2steam DCC Boiler, which work much like traditional commercial heat, hot water and industrial steam boilers. It is used in various commercial applications, such as shopping malls, universities, airports, hotels, and others. It also used in various heavy industry applications, such refining and petrochemical, pulp and paper, chemical and pharma, among others.


TSXV:JEV - Post by User

Post by TruthSeek101on Nov 15, 2022 6:47pm
261 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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