Jericho Oil (JCO.V) spent the last five years securing distressed assets in the state of Oklahoma, a state which produces 16% of America’s total crude output.
Oklahoma also plays host to the lucrative Sooner Trend Anadarko Basin Canadian and Kingfisher counties (STACK) play.
The oil market continues to run rough with WTI Crude prices settling at $56.97 per barrel, down 22% from $73.03 back in September 2018.
Brian Williamson, Jericho CEO, said he feels that even with the depressed market, Jericho still has a chance generating profitable production rates from the company’s highly-prospective unconventional oil plays.
Equity.Guru’s Chris Parry spoke with Brian to get the lowdown on Jericho, its Oklahoma STACK assets and what lies ahead for 2019.
Full Disclosure: Jericho Oil is an Equity.Guru marketing client.