Annuncio • Mar 28
Jericho Energy Ventures Inc. Promotes Jake Royster to Chief Operating Officer Jericho Energy Ventures Inc. announce the promotion of Jake Royster to Chief Operating Officer. Mr. Royster was previously appointed Director of Operations by JEV in April 2025. As COO, Jake will oversee execution of the Company's power-generation strategy supporting its rapidly developing AI data center infrastructure, while advancing the expansion and value optimization of Jericho's legacy oil and gas assets amid improving market fundamentals. Since joining Jericho as Director of Operations last year, Jake has delivered measurable operational and financial improvements across the Company's legacy energy production business, including: //st Achieving Jericho's lowest per-barrel lifting costs in more than eight quarters in Fourth Quarter 2025 Maintaining asset-level profitability despite a 17% decline in commodity prices versus Fourth Quarter 2024 Implementing process-driven operational practices to streamline communications and improve efficiency Strengthening operational discipline and safety standards across field operations. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$44.5m market cap, or US$32.8m). Annuncio • Feb 27
Jericho Energy Ventures Inc., Annual General Meeting, Apr 22, 2026 Jericho Energy Ventures Inc., Annual General Meeting, Apr 22, 2026. Location: oklahoma, tulsa United States Annuncio • Feb 24
Jericho Energy Ventures Inc. announced that it has received CAD 2.054795 million in funding from Comstock Holding Companies, Inc. On February 23, 2026. Jericho Energy Ventures Inc. announces that it has closed the transaction. Annuncio • Feb 13
Jericho Energy Ventures Inc. announced that it expects to receive CAD 2.054795 million in funding from Comstock Holding Companies, Inc. Jericho Energy Ventures Inc. announces that has entered into a letter of intent for a non-brokered private placement with Comstock Holding Companies, Inc. to issue 25,684,932 units at a price of CAD 0.08 per unit for gross proceeds of CAD 2,054,794.56 on February 12, 2026. Each unit will comprise one variable voting share of the company and one-half of one share purchase warrant. Each two warrants will entitle the holder to acquire one variable voting share at an exercise price of CAD 0.20 per warrant share, exercisable for a period of 24 months from the date of issuance. Annuncio • Oct 07
Jericho Energy Ventures Inc. (TSXV:JEV) signed a letter of intent to acquire SmartKem, Inc. (NasdaqCM:SMTK) in an reverse merger transaction. Jericho Energy Ventures Inc. (TSXV:JEV) signed a letter of intent to acquire SmartKem, Inc. (NasdaqCM:SMTK) in an reverse merger transaction on October 6, 2025. Upon the closing of the Proposed Transaction, Jericho stockholders would own 65% and Smartkem stockholders prior to the Proposed Transaction would own 35% of the fully diluted issued and outstanding equity securities of the Combined Company, subject to adjustment in certain circumstances. Brian Williamson, the current chief executive officer of Jericho, would become the chief executive officer of the Combined Company, and the board of directors of the Combined Company would be reconstituted to include a majority of members designated by Jericho, subject to compliance with applicable requirements of Nasdaq and the Securities and Exchange Commission. In the LOI, Smartkem and Jericho have agreed to a 60-day exclusivity period to negotiate the terms of a definitive agreement, which exclusivity period is terminable by either party under certain circumstances including, in the case of Jericho, if Smartkem does not purchase Jericho common shares having a value of at least $0.5 million on or prior to November 30, 2025. So long as the LOI is still in effect, upon the earlier of (i) Smartkem's chief financial officer's good faith determination that Smartkem has regained compliance with Nasdaq's minimum stockholders' equity requirement and (ii) Smartkem's issuance of securities (including upon exercise of outstanding convertible securities) for aggregate gross proceeds of not less than $5 million Smartkem will purchase from treasury Jericho common shares in an amount equal to the greater of (a) $0.5 million and (b) 10% of the gross proceeds of such issuances, subject to a cap of $1 million. There can be no assurance that the circumstances necessary for Smartkem to satisfy the requirements for completion of the investment will occur. The LOI is non-binding, and there can be no assurance that Smartkem and Jericho will ultimately enter into a definitive agreement for the Proposed Transaction, that the Proposed Transaction will be consummated, or as to the timing or ultimate terms of any Proposed Transaction that may occur. Both Smartkem and Jericho will need significant additional capital to complete the negotiation of the Proposed Transaction, obtain any required stockholder approvals and ultimately complete the Proposed Transaction. The closing of the Proposed Transaction would be subject to significant closing conditions, including the negotiation of the definitive agreement, the satisfactory completion of due diligence, required board and stockholder approvals, and approval of continued listing by Nasdaq. New Risk • Jul 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$42.6m market cap, or US$31.1m). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Carolyn Hauger was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.2m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$57.6m market cap, or US$41.7m). Annuncio • Apr 04
Jericho Energy Ventures Inc. Announces Appointment of Jake Royster as Director of Operations Jericho Energy Ventures Inc. announced that it has appointed Jake Royster as Director of Operations. Jake will be based in the Company's Tulsa, Oklahoma office, where he will oversee the core power and gas infrastructure for JEV's newly announced AI-focused Modular Data Centers. Additionally, he will spearhead the growth and optimization of the Company's traditional oil and gas JV assets. With almost 20 years of experience in the U.S. Mid-Continent energy industry, Jake offers deep expertise in operations management, completions engineering, and business development. His robust energy background features leadership positions at Halliburton, Casillas Petroleum, Trinity Operating, and C&J Energy Services. Throughout his career, he has effectively managed thousands of completion stages, enhanced drilling and production efficiency, spearheaded machine learning optimization, and handled budgets worth millions of dollars. Annuncio • Mar 11
An undisclosed buyer acquired an unknown minority stake in Supercritical Solutions, LLC from Jericho Energy Ventures Inc. (TSXV:JEV) in a transaction valued at $1.8 million. An undisclosed buyer acquired an unknown minority stake in Supercritical Solutions, LLC from Jericho Energy Ventures Inc. (TSXV:JEV) in a transaction valued at $1.8 million on March 10, 2025.
An undisclosed buyer completed the acquisition of an unknown minority stake in Supercritical Solutions, LLC from Jericho Energy Ventures Inc. (TSXV:JEV) on March 10, 2025. New Risk • Feb 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$56k revenue). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$50.2m market cap, or US$35.1m). Annuncio • Jan 30
Jericho Energy Ventures Inc. announced that it has received CAD 2.0245 million in funding On January 29, 2025, Jericho Energy Ventures Inc. closed the transaction. The company issued 12,255,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,225,500in its final tranche. The total gross proceeds raised from the first and second tranches of the Financing amounted to CAD 2,024,500. The Financing remains subject to final approval of the Exchange. Two insiders of Jericho acquired an aggregate 1,700,000 Units in the second tranche of the financing New Risk • Jan 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (US$56k revenue). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (CA$36.4m market cap, or US$25.2m). New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$56k revenue). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (CA$28.0m market cap, or US$19.8m). Annuncio • Nov 13
Jericho Energy Ventures Inc. announced that it expects to receive CAD 2 million in funding Jericho Energy Ventures Inc. announced a non-brokered private placement of 16,666,666.66 units at a price of CAD 0.12 per unit for gross proceeds of CAD 2 million on November 12, 2024. The Units will consist of one common share and one warrant, each warrant entitling the holder to purchase one Share at a price of CAD 0.20 per Share for a period of two years. Aurea has committed to fund the initial lead order of CAD 500,000. Closing of the Financing is subject to customary closing conditions including TSX Venture Exchange approval. The securities issued under the Financing will be subject to a four month hold period under applicable securities laws in Canada and the rules of the Exchange Annuncio • Nov 05
Jericho Energy Ventures Inc., Annual General Meeting, Jan 15, 2025 Jericho Energy Ventures Inc., Annual General Meeting, Jan 15, 2025. Reported Earnings • Sep 01
Second quarter 2024 earnings released: US$0.006 loss per share (vs US$0.007 loss in 2Q 2023) Second quarter 2024 results: US$0.006 loss per share (improved from US$0.007 loss in 2Q 2023). Net loss: US$1.52m (loss narrowed 12% from 2Q 2023). Revenue is forecast to grow 161% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Jun 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (US$66k revenue). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.6m net loss next year). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (CA$39.0m market cap, or US$28.3m). New Risk • May 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.7m free cash flow). Revenue is less than US$1m (US$66k revenue). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.6m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (CA$49.4m market cap, or US$36.1m). Reported Earnings • Apr 30
Full year 2023 earnings released: US$0.03 loss per share (vs US$0.02 loss in FY 2022) Full year 2023 results: US$0.03 loss per share (further deteriorated from US$0.02 loss in FY 2022). Net loss: US$7.32m (loss widened 62% from FY 2022). Revenue is forecast to grow 118% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Annuncio • Mar 07
Jericho Energy Ventures Inc. announced that it has received CAD 2.22838 million in funding On March 6, 2024, Jericho Energy Ventures Inc. closed the transaction. The company has now issued 11,141,900 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 2,228,380. Certain insiders of the company purchased 3,364,500 units in the financing. In connection with the financing, the company paid finder's fees in cash, totaling CAD 9,400 and issued broker warrants totaling 47,000 warrants, with each broker warrant entitling the holder to acquire one common share for a period of two years from closing at a price of CAD 0.24. All securities issued under the financing are subject to a four month hold period expiring on July 7, 2024, under applicable securities laws in Canada and the rules of the TSX Ventures Exchange. The financing remains subject to final approval of the Exchange. New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.4m free cash flow). Revenue is less than US$1m (US$28k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$4.6m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Market cap is less than US$100m (CA$44.7m market cap, or US$33.3m). Reported Earnings • Aug 31
Second quarter 2023 earnings released: US$0.007 loss per share (vs US$0.006 loss in 2Q 2022) Second quarter 2023 results: US$0.007 loss per share (further deteriorated from US$0.006 loss in 2Q 2022). Net loss: US$1.73m (loss widened 38% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
Full year 2022 earnings released: US$0.02 loss per share (vs US$0.024 loss in FY 2021) Full year 2022 results: US$0.02 loss per share (improved from US$0.024 loss in FY 2021). Net loss: US$4.52m (loss narrowed 9.3% from FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 28
Jericho Energy Ventures Lazarus #1 Well Delivering Strong Results Jericho Energy Ventures Inc. announced that the Lazarus #1 vertical well ("Lazarus"), drilled by its Eagle Road Oil, LLC joint venture¹ has been put on production with an initial 45-day average oil rate of 75 barrels per day and average natural gas rate of 65 mcf per day. Critically, the Lazarus oil and natural gas production has not experienced any meaningful decline since first production on December 7, 2022. The strength, and longevity of the Lazarus well's production profile gives JEV confidence in the overall return profile. Development of the Lazarus was funded from cash flow, and management expects the well to achieve payout in less than 18 months based on current CME WTI Oil Futures and NYMEX Henry Hub Natural Gas Futures pricing. The Lazarus #1 was a highly valued, oil-bearing Red Fork and Wilcox formation prospect in Pawnee County, Oklahoma, that had been defined through licensed 3D seismic and extensively characterized by our geology team earlier in 2022. Jericho's JV, Eagle Road, owns approximately 16,000 net acres and production infrastructure central to the Lazarus #1 well and will look to further study offset drilling locations with analogous characteristics that can provide similar returns to shareholders. Annuncio • Jan 05
Jericho Energy Ventures Inc. Announces U.S. Department of Energy Encourages Halo to Submit a Full Application for the Regional Clean Hydrogen Hubs Program Jericho Energy Ventures Inc. announced that the U.S. Department of Energy (DOE) has encouraged the HALO Hydrogen Hub (HALO Hub) to submit a full application for the Regional Clean Hydrogen Hubs Program. After completing independent evaluations of 79 first round concept papers, the DOE has invited 33 applicants -- including the HALO Hub -- to submit final applications. JEV is a proud participant in the HALO Hydrogen Hub, a three-state partnership between Arkansas, Louisiana, and Oklahoma, which will submit an application to receive up to USD 1.25 billion in DOE funding to spur hydrogen development and end-use. DOE's encouragement for HALO's full application was issued by the three partner state Governors. As announced on Dec. 15, 2022, JEV's HALO Hub submission included the utilization of its novel zero-emission DCCTM hydrogen fueled boiler in partnership with one of the largest food companies in the U.S., illustrating the potential and breadth of markets for its DCCTM and the role the Company expects it to play in decarbonizing the commercial and industrial heat and steam markets nationwide. The HALO Hub encompasses a diverse network of stakeholders engaged in the promotion of hydrogen production, transport, storage, and utilization. The DOE's Regional Clean Hydrogen Hubs programor H2Hubsincludes up to USD 7 billion in funding to assist with the establishment of six to 10 regional clean hydrogen hubs across America. Reported Earnings • Nov 24
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: CA$1.30m (flat on 3Q 2021). Annuncio • Sep 23
Hydrogen Technologies' DCC Zero-Emission Boiler Achieves Nearly 100% Overall Fuel Combustion Efficiency in Independent Testing Hydrogen Technologies, LLC, a wholly owned subsidiary of Jericho Energy Ventures Inc. announced that its Dynamic Combustion Chamber (DCC™) hydrogen boiler has been validated as operating with an overall GHG-free fuel combustion efficiency of nearly 100% in recent independent testing by Process Engineering Associates, LLC, a specialized process engineering firm.¹ The DCC™ is the world's only hydrogen boiler with zero CO2 and zero Greenhouse Gas emissions. Numerous multinational companies and organizations from a diverse range of industries are working with HT to explore the deployment of DCC™ clean steam generation across their global operations to fast track their emissions reduction goals. The DCC™ maximizes thermal efficiency, minimizes operating headaches, and emits absolutely no GHGs or other pollutants, producing high-quality, clean process steam at prices that can compete with best-in-class natural gas boilers. Reported Earnings • Aug 27
Second quarter 2022 earnings released: CA$0.007 loss per share (vs CA$0.007 loss in 2Q 2021) Second quarter 2022 results: CA$0.007 loss per share (vs CA$0.007 loss in 2Q 2021). Net loss: CA$1.56m (loss widened 18% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. 