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Jericho Oil Corp
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July 2018 Play Farm-In and Acreage Swap Overview
| Brian Williamson | Page 1 of 11 |
July 21, 2026
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"July 2018 Play Farm-In and Acreage Swap Overview"
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About Us TSXV: JCO OTC: JROOF A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A Ab b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected STACK Play Farm-In and Acreage Swap Overview – Growing Jericho’s Core Position in STACK Oil Window T O – Growing g Jericho s Core Position in STACK Oil Window – *New*: STACK Farm-In Announced January 2018 – Investment made through existing STACK JV¹ (announced Sept. 2017) – 50% Interest earned in ~6,000 contiguous net acres in the STACK Play – Located in Major County Updip Oil Window – Drill-to-earn requirement: Two standard lateral horizontal wells (50% Interest) – First Required Well currently being drilled (Jan18) – Increases STACK acreage footprint by ~30% (11,600 total net STACK acres) – Highly prospective acreage on trend with successful Osage tests – Potential gross unrisked inventory of ~108 locations (4 wells per section) – Implied $ / Acre less than $1,500 – Recent transaction values: U.S.$8,000 – $20,000 / acre (Alta Mesa acquired by Silver Run) – *New*: STACK Acreage Swap Announced January 2018 – Swap made through existing STACK JV¹ (announced Sept. 2017) – Partnered with best-in-class STACK Operator to exploit the Meramec (Currently drilling the Wardroom well 12-19N-13W) – Secured Tag-Along rights for a portion of Blaine Co. acreage 1 Major County Farm-In Acreage Wardroom 12-19N-13W (Meramec) 1 Jericho holds a 26.5% interest in its STACK JV with a Private Partner announced in September 2017