VANCOUVER, Nov. 18, 2014 /CNW/ - Jericho Oil Corporation ("Jericho" or the "Company") (TSX-V: JCO, OTC Markets: JROOF), a growth-oriented oil company engaged in the acquisition, exploration, development and production of overlooked and undervalued oil properties in North America, announces that it will be presenting at the LD Micro VII ("Main Event") Conference, which will be held December 2-4, 2014 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.
Allen Wilson, CEO of Jericho, will present on Thursday, December 4 at 10:30 a.m. PST, Track 3. Management will also be available for one-on-one meetings during the conference.
Since Jericho re-listed its shares in March 2014, the Company has more than doubled production, recording record production in September averaging 118 gross barrels of oil per day. Given Jericho's early success, the Company recently raised $4.23 million to finance ongoing drilling, exploration and development. Jericho is currently drilling 50 producer and injector wells as part of its Phase II Development program in Eastern Kansas and expects continued growth in Q4-2014 and Q1-2015.
Chris Lahiji, Founder of LD Micro, stated, "We are honored to have Jericho Oil present at the Main Event this year."
LD Micro is a by-invitation only investment newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. The firm also hosts the LD Micro Invitational. It is a non-registered investment advisor. For more information, please contact 408-457-1042 or visit www.ldmicro.com.
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 North America. The Company has acquired a 50% interest in 29 leases comprised of nearly 3,750 acres. Jericho expects to continue its extensive development program throughout the next 12 months and will provide updates as the 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