Jericho Energy Ventures Stock Price, News & Analysis

Jericho Energy Ventures Inc. (OTC: JROOF) is described as an energy innovation company positioned at the nexus of energy and artificial intelligence (AI) infrastructure. The company is listed on the TSX Venture Exchange under the symbol JEV and trades over-the-counter in the United States under JROOF. Its activities combine long-producing oil and gas joint venture assets with infrastructure aimed at powering AI-focused data centers.

According to company disclosures, Jericho leverages long-producing oil and gas joint venture assets and what it calls robust Oklahoma infrastructure to deploy scalable, on-site power solutions for build-to-suit AI data centers. With direct access to abundant, low-cost natural gas, Jericho states that it delivers energy solutions intended to support high-performance compute environments, with an emphasis on reducing waste, maximizing output, and pursuing long-term value in converging energy and AI markets.

Core energy and AI infrastructure focus

Jericho reports that its oil and gas joint venture portfolio is located in Oklahoma, in formations including the Hunton, Mississippi Lime, Woodford Shale and the Anadarko Basin STACK Play, where it holds an interest in approximately 41,000 net acres, mostly held by production. The company has highlighted a revitalization program across these assets, including work on wells such as the Oaktree wells in Central Oklahoma and an emphasis on behind-pipe production potential and drilled but uncompleted wells within its existing asset base and integrated infrastructure. As part of this strategy, Jericho has stated that it is inventorying significant behind-pipe natural gas resources in preparation for powering infield AI data centers.

Within this broader portfolio, Jericho has identified an inaugural build-to-suit AI data center location known as the Morrison Data Center Site (MDC) in Noble County, Oklahoma, situated on its oil and gas joint venture acreage. Company materials describe MDC as having access to grid power, a plentiful supply of low-price natural gas, water and backbone fiber connectivity. Existing site assets at MDC are reported to include gas gathering pipelines with rights-of-way, electrical grid infrastructure, on-site and pipeline water storage, and fiber connectivity, supported by multiple 345 kV backbone transmission lines. Jericho’s management has indicated that it views this location and infrastructure as attractive for AI data center clients.

Expansion of AI data center footprint

Beyond Oklahoma, Jericho has announced a Memorandum of Understanding with M2 Development Solutions to form a strategic partnership integrating M2’s large, gigawatt-scale sites into Jericho’s AI data center portfolio. The initial sites referenced in this partnership include a 400-acre site in Ohio with access to utility power and on-site natural gas feed power generation assets, and a 3,700-acre site in Nevada with access to utility power, on-site geothermal power, on-site solar power, and on-site natural gas feed power generation assets. Jericho and M2 describe this collaboration as intended to support scalable infrastructure for advanced AI workloads across the United States.

Jericho has also highlighted an AI Data Center Campus in Noble County, Oklahoma, described as a key asset within its 41,000-acre energy portfolio. The company reports that a newly constructed 345 kV transmission line traverses this AI Campus site, enabling expedited grid interconnection and access to grid power. It has stated that updated grid rules and this transmission access are expected to provide 20 MW of immediately available capacity beginning in January 2026, with infrastructure that it characterizes as scalable and capable of supporting multi-gigawatt levels of combined grid power and natural-gas generation for build-to-suit data center development.

Oil and gas revitalization and integration with AI power

In its Oklahoma joint venture properties, Jericho has described an oil and gas asset revitalization program led by its operations team. The first asset targeted in this program was the Oaktree wells in Central Oklahoma, where the company reported an increase in average production over a 30-day period compared to a prior annual daily average. Jericho has indicated that it intends to continue a return-to-production and development strategy by evaluating each asset group, focusing on behind-pipe production potential and drilled but uncompleted wells. The company has also stated that it has applied for the Oklahoma tax rebate program for secondary recovery projects, which provides rebates on production taxes paid on secondary recovery projects.

Jericho links this revitalization work directly to its AI infrastructure plans by noting that it is inventorying behind-pipe natural gas resources to power infield AI data centers. It has also reported reductions in field operating expenses over a specified period as part of its cost-efficiency efforts within this revitalization initiative.

Clean hydrogen and related holdings

In addition to its oil and gas and AI data center activities, Jericho states that it is involved in the clean hydrogen energy transition. The company reports that its wholly owned subsidiary, Hydrogen Technologies, delivers patented zero-emission boiler and burner systems for commercial and industrial heat and steam applications. Jericho also discloses that it holds a significant minority stake and a board position in California Catalysts (formerly H2U Technologies), which it describes as a leading innovator in electrolysis materials. In some company descriptions, Jericho also refers to hydrogen-related activities through entities such as ETNA Solutions.

Corporate positioning and strategic direction

Jericho repeatedly characterizes itself as uniquely positioned at the nexus of energy and AI infrastructure. Its stated mission is to innovate, optimize energy resources, and support future technological breakthroughs. The company emphasizes the integration of long-producing oil and gas joint venture assets, Oklahoma-based infrastructure, and partnerships that extend its AI data center platform to other U.S. regions.

Jericho has also disclosed a non-binding Letter of Intent with Smartkem, Inc., a company developing organic semiconductor technology, for a proposed all-stock business combination. If completed, the proposed transaction is described as intended to establish a U.S.-owned and controlled AI infrastructure company that integrates low-cost domestic energy with advanced semiconductor packaging and materials to support demand for AI compute capacity. The Letter of Intent is explicitly stated to be non-binding, with no assurance that a definitive agreement will be entered into or that any transaction will be completed. Jericho has clarified that there has been no change in control, no change to management or the board, and no transfer or disposition of assets as a result of this Letter of Intent, and that it continues to conduct its core oil and gas operations and energy-infrastructure activities in Oklahoma while remaining in compliance with TSX Venture Exchange listing requirements.

Events and investor engagement

Jericho has announced participation in events such as the AI Infra Summit 4 in San Francisco, in collaboration with its partner Infracore, positioning these engagements as opportunities to present its AI data center initiatives, including the Morrison Data Center Site. The company has also referenced participation in investor-focused webcasts related to AI themes.

Business profile summary

Overall, Jericho Energy Ventures presents itself as an energy-focused company with a portfolio that includes oil and gas joint venture assets in Oklahoma, AI data center site development in Oklahoma and through partnerships in Ohio and Nevada, and clean hydrogen technologies and investments. Its disclosures emphasize the combination of energy assets, infrastructure, and partnerships aimed at supporting AI data center power needs and related infrastructure, alongside ongoing oil and gas operations and hydrogen-related activities.