Jericho Oil Corp. (TSXV: JCO.V) detailed its initial development drilling and capital program for Kansas properties it recently acquired, the company said April 9. The program will be funded through cash flow from current production and cash on hand, the company added.
Jericho Oil is revitalizing producing oil fields, the company said, adding that a recent $6.5 million private placement has left it “well capitalized”.
The properties are in Douglas, Linn and Miami counties, the company noted.
The initial shallow drilling program will have 35 vertical wells and 35 water ...