Mississauga, ON -- (SBWire) -- 04/29/2015 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Jericho Oil Reserves Increase Dramatically Along with Oil Production."
Companies mentioned in this article include Jericho Oil Corp. (TSX-Venture:JCO) (OTCQX:JROOF).
Article Excerpt:
Oil prices have made a nice recovery since spot West Texas Intermediate crude hit $42.41 in March, printing as high as $58.63 this month. There's still debate about another dip in prices and when/if oil prices will climb and sustain levels above $60 again. In order to mitigate risk in energy investments, the common underlying theme for those looking to play the oil space is to look for low-cost producers who can deal with cheap crude prices and grow their company through discounted acquisitions.
Jericho Oil Corp. (TSX-Venture:JCO) (OTCQX:JROOF) fits that bill, as the Vancouver-based company targets shallow, long-life conventional oil stripper wells in legacy onshore U.S. basins for revitalization, workovers and stimulation. In short, the company targets overlooked and undervalued properties to bring back to life. Jericho's producer wells can produce oil for 15-20 years at an all-in cost to the company of less than $40 per barrel, with an IRR (internal rate of return) in the 50%+ range.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/529/jericho-oil-reserves-increase-dramatically-along-with-oil-production.htm
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AllPennyStocks.com News: Jericho Oil Reserves Increase Dramatically Along with Oil Production