Allen Wilson, President and Chief Executive Officer of Jericho Energy (CDNX: JCO), presented today at EnerCom’s The Oil & Gas Conference® 20.
Jericho Energy 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.
The company has closed on two acquisitions since the beginning of the year and subsequently increased its position to more than 8,300 acres (50% interest) across Kansas and Oklahoma. Its growth program continues from 2014, when the company reported its proved developed reserves and production increased by more than 300% and 150%, respectively, on a year-over-year basis.
During the company’s breakout session, management was asked the following questions:
- What technologies do you use in the drilling and producing process?
- How will you find future acquisitions? What options do you have? How do you get those deals?
- Can you further explain your capital allocation? How has the new market influenced your decisions?
- What other kinds of growth opportunities are you recognizing?
- Do you see yourself expanding outside of the Midcontinent or is it too early to tell?
