Jericho Energy Ventures Inc Stock Price, News & Analysis

Jericho Energy Ventures (OTC:JROOF) commended the U.S. Government's US$369 billion clean energy bill, particularly the Clean Hydrogen Production Tax Credit (PTC), which offers up to $3 per kg in tax credits for green hydrogen production. This initiative aims to reduce production costs by over 50%, making U.S. clean hydrogen the most affordable globally. The CEO highlighted that this PTC eliminates the green premium on hydrogen, thus facilitating its industrial adoption. A study predicts the green hydrogen market will grow from US$2.14 billion in 2021 to $135.73 billion by 2031, representing a CAGR of 51.6%.

Jericho Energy Ventures Inc. (JROOF) announced the commencement of trading for its common and variable voting shares under the unified ticker 'JEV' on the TSX Venture Exchange as of June 29, 2022. This change follows exemptive relief from the Ontario Securities Commission, allowing these shares to be treated as a single class for key regulatory purposes. Jericho is engaged in both traditional hydrocarbon investments and low-carbon energy transitions, focusing on hydrogen technologies and zero-emission solutions.

Jericho Energy Ventures (JROOF) has announced an amended share structure effective June 29, 2022, following shareholder approval at their annual meeting on June 23, 2022. The changes aim to maintain its foreign private issuer status and reduce compliance costs. The common and variable voting shares will trade under the ticker JEV. The amendment includes creating a new class of shares for U.S. residents and new terms for existing shares. Further details can be found in the company’s management circular.

Jericho Energy Ventures (OTC PINK:JROOF) announced that CEO Brian Williamson will chair a panel on hydrogen technologies at the Hydrogen Technology Expo on June 15, 2022. The event, held in Houston, TX, focuses on innovations for low-carbon hydrogen production and applications.

Jericho is positioned for energy transitions, with investments in hydrogen technologies and traditional hydrocarbon assets. Its subsidiary, Hydrogen Technologies, offers patented zero-emission boiler technology for the $30 billion commercial and industrial heat industry.

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.