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Jericho Energy Ventures Inc. (V:JEV)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 2100 - 1055 W. Georgia Street
VANCOUVER BC V6E 3P3
Tel: N/A
Website: https://jerichoenergyventures.com
IR: See website
Key People
Brian Williamson
President, Chief Executive Officer, Director
Benjamin A. Holman
Chief Financial Officer, Secretary
 
Business Overview
Jericho Energy Ventures Inc. is a Canada-based energy company. The Company owns, operates and develops both traditional hydrocarbon joint venture (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The Company's principal activity is the acquisition, exploration, development and production of oil and natural gas fields in the United States of America. The Company's wholly owned subsidiary, Hydrogen Technologies, delivers, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. It also holds strategic investments and board positions in H2U Technologies (electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing high pressure, ultra-efficient electrolyzer). It also owns and operates long-held producing oil and gas JV assets in Oklahoma.
Financial Overview
For the nine months ended 30 September 2023, Jericho Energy Ventures Inc revenues increased 22% to $28K. Net loss decreased 2% to $4.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 84% to $227K (expense), Legal fees decrease of 66% to $124K (expense), Consulting fees decrease of 61% to $137K (expense).
Employees: 26 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $54.42M as of Sep 30, 2023
Annual revenue (TTM): $0.04M as of Sep 30, 2023
EBITDA (TTM): -$6.45M as of Sep 30, 2023
Net annual income (TTM): -$6.07M as of Sep 30, 2023
Free cash flow (TTM): -$4.07M as of Sep 30, 2023
Net Debt Last Fiscal Year: $4.23M as of Sep 30, 2023
Shares outstanding: 248,139,737 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization