Jericho Energy Ventures Announces Board Addition and Updates

Jericho Energy Ventures Inc. has welcomed Julie Corelli to its Board of Directors. Ms. Corelli, a retired corporate attorney with over 40 years of experience, joins the board comprising six directors. Her background includes governance expertise from her tenure at Troutman Pepper Locke.

Additionally, Jericho reported improvements in its oil and gas assets. Over the past year, it delivered stabilized operating costs and improved margins. Gross production in Q2 averaged 237 BOE/d, with operating costs decreasing by 29% year-over-year.

The company also announced that Oklahoma AI Ventures LLC signed a non-binding Letter of Intent with a major power company. This collaboration aims to secure up to 3 GW of power, crucial for AI and high-performance computing development.