Company to Attend 2015 NAPE Summit in
VANCOUVER, Feb. 10, 2015 /PRNewswire/ - Jericho Oil
Corporation ("Jericho" or the "Company") (TSX-V: JCO, OTCQX:
JROOF), a growth-oriented oil company engaged in the acquisition,
exploration, development and production of overlooked and
undervalued oil properties in the U.S., announces that it has
secured DTC Eligibility by The Depository Trust Company (DTC) for
its shares on the OTCQX effective Feb. 9,
Securities approved for eligibility for electronic clearance and
settlement through the DTC are considered "DTC eligible." This
electronic method of clearing securities accelerates the receipt of
stock and cash, streamlines the settlement process for U.S.
investors and brokers and enables the stock to be traded over a
much wider selection of brokerage firms by coming into compliance
with their requirements.
Allen Wilson, CEO of Jericho,
said, "Becoming DTC eligible greatly simplifies the process of
trading and exchanging our stock in the U.S., which we expect will
lead to improved liquidity of our shares."
The Company also announces that it will be exhibiting at the
NAPE Summit in Houston, TX, the
world's largest exploration and production (E&P) gathering.
Jericho will be at booth #1551, Feb.
Jericho is well-capitalized with no debt and intends to continue
to focus its efforts on acquiring assets with good, long-term
development potential at favorable pricing due to the turbulent oil
About Jericho Oil Corporation
Jericho is focused on growth through consistent, predictable and
repeatable high margin conventional oil production by bringing new
and proven technology to legacy, onshore basins in the U.S. Jericho
has acquired a 50% interest in nearly 5,800 acres. Jericho will
provide updates as their program progresses. For more information,
please visit www.jerichooil.com.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and Canadian securities laws. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could
cause actual events and results to differ materially from Jericho's
expectations include risks related to the exploration stage of
Jericho's project; market fluctuations in prices for securities of
exploration stage companies; and uncertainties about the
availability of additional financing.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Jericho Oil Corporation