Jericho Energy Ventures Inc Stock Price, News & Analysis

Jericho Energy Ventures (OTC:JROOF) announced participation in the HALO Hydrogen Hub, a public-private partnership aimed at developing a clean hydrogen hub across Louisiana, Oklahoma, and Arkansas. This initiative, supported by the U.S. Department of Energy, is part of a larger $8 billion hydrogen hub program. Jericho's zero-emission Dynamic Combustion Chamber (DCC) technology is expected to play a crucial role in reducing emissions. The company also engaged GRA Enterprises for investor relations services, agreeing to a $100,000 fee for a twelve-month contract.

Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF) proudly announces that its Dynamic Combustion Chamber™ (DCC™) hydrogen-fueled boiler has received the Solar Impulse Efficient Solution Label. This prestigious recognition highlights solutions that are both profitable and sustainable. The DCC™ achieves nearly 100% GHG-free fuel combustion efficiency, aimed at replacing traditional fossil-fuel boilers that contribute significantly to global emissions. The company envisions the DCC™ playing a pivotal role in reducing greenhouse gas emissions in the commercial and industrial heat markets.

Jericho Energy Ventures (OTC PINK:JROOF) reported a strong third quarter in 2022, showcasing a 51% year-over-year revenue growth in oil and gas joint ventures, attributing this success to elevated crude oil and natural gas prices. Key highlights included:

• $8.86 million in product revenues for Q3-22, compared to $5.88 million in Q3-21
• Average realized oil price rose 56%, and natural gas price increased 70%
• 95% YoY increase in adjusted joint venture income to $3.16 million

Jericho Energy Ventures (OTC PINK:JROOF) announced the granting of 300,000 incentive stock options to a director at an exercise price of CAD$0.35, valid for five years. This move aligns with the company's strategy to support its leadership and incentivize performance. Jericho is actively involved in both traditional hydrocarbon and low-carbon energy projects, including investments in hydrogen technology aimed at assisting the energy transition. Despite positive strides, the company faces various risks including regulatory challenges and fluctuating commodity prices.

Jericho Energy Ventures (OTC:JROOF) has announced a successful divestiture of undeveloped acreage in the STACK oil region, yielding USD$1.37 million. With a 26.5% interest in the STACK JV, this sale boosts investor confidence in future drilling activities. Despite prior low oil prices, the current elevated pricing environment is believed to have revived interest in the STACK area, enhancing the company's remaining acreage value. JEV emphasizes a balanced approach by investing in both traditional hydrocarbons and the transition to low-carbon energy technologies.

Jericho Energy Ventures (OTC PINK:JROOF) announces a significant increase in demand for its DCC™ hydrogen fueled boiler, designed for zero-emission operations. As of 2022, feasibility studies are taking place at 34 sites across 7 industries, including Food & Beverage (11 studies), Auto, and Pharma (7 each). CEO Brian Williamson emphasizes cost-effective solutions for reducing emissions, particularly post-Inflation Reduction Act, potentially enhancing the sales pipeline. The DCC™ has demonstrated nearly 100% GHG-free fuel combustion efficiency, presenting a revolutionary alternative to traditional fossil fuel boilers.

Jericho Energy Ventures Inc. (OTC PINK:JROOF) has signed a Memorandum of Understanding with EXOGEN Hydrogen Solutions to introduce its innovative DCC^™ Boiler to the EU market, promoting zero-emission hydrogen technology for heating and industrial applications. This collaboration coincides with the EU's Green Deal and aims to significantly reduce greenhouse gas emissions, with each boiler effectively eliminating 4,400 tons of CO2 annually. The first installations are expected in 2023, aligning with EXOGEN's green hydrogen production initiatives.

Hydrogen Technologies, a subsidiary of Jericho Energy Ventures (JROOF), will host a free webinar titled Hydrogen for Heat, Carbon-Free in '23 on October 26, 2022. The session, led by President Janet Reiser and CCO Dean Moretton, will discuss the use of 100% hydrogen fueled boilers in decarbonizing industrial and commercial settings amidst growing regulations against natural gas. Additionally, there are only three slots left for the DCC™ Demonstration Week occurring November 14-18, 2022, in Modesto, CA.

Jericho Energy Ventures Inc., through its subsidiary Hydrogen Technologies, successfully completed its first DCC™ Demo Week from September 28-30, showcasing its zero-emission DCC™ boiler technology. The event attracted major industrial players from various sectors, reflecting strong interest in clean steam generation. Due to demand, a second Demo Week is scheduled for November 14-18, 2022. The DCC™ boiler, validated for nearly 100% GHG-free efficiency, aims to replace conventional boilers that contribute significantly to global greenhouse gas emissions. This positions Jericho as a key player in the energy transition.