Jericho Energy Ventures Inc Stock Price, News & Analysis

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.

Hydrogen Technologies, a subsidiary of Jericho Energy Ventures (JROOF), announced that its Dynamic Combustion Chamber (DCC™) hydrogen boiler achieved nearly 100% GHG-free fuel combustion efficiency in independent tests. The DCC™ is the only hydrogen boiler with zero CO2 and GHG emissions. This technology aims to revolutionize the commercial and industrial heat markets by replacing conventional fossil fuel boilers. The company is hosting a DCC™ Demo Week in Modesto, California, from September 28-30, 2022, showcasing the benefits of its clean steam generation technology.

Hydrogen Technologies, a subsidiary of Jericho Energy Ventures (JROOF), will showcase its Dynamic Combustion Chamber (DCC™) hydrogen boiler in Modesto, CA, from September 28 to 30, 2022. This innovative boiler operates with zero CO2 and greenhouse gas emissions, achieving over 97% fuel efficiency. The demonstration, limited to select attendees from various industries, aims to highlight its potential as a competitive alternative to natural gas boilers. Interested parties should contact Dean Moretton for scheduling.

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.