Jericho Oil Updates Shareholders on 4th Quarter Activities with Production Exceeding 100 BOPD - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - December 12, 2014) - Jericho Oil (TSXV: JCO) (OTCQX: JROOF) has updated shareholders on its 4^th quarter activities. Jericho focuses on shallow, vertical, low-risk, stripper oil wells that produce 10 barrels of oil per day or less within historically producing, mature oil fields which have been neglected or abandoned.

InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Jericho" in the search box.

If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_0wt80nz0/Jericho-Oil-TSXV-JCO-4th-Quarter-Shareholder-Update

The company is currently targeting assets across several counties of eastern Kansas including, which bear consistent geologic attributes and are located in areas of prior and/or ongoing oil production.

They announced the Phase II Development Program in eastern Kansas is ahead of schedule, with 77 wells drilled to date, 50% more than the originally scheduled drill program for the 4th quarter. The company has now drilled 56 new, oil producing wells and 21 new, secondary recovery injection wells into known producing formations. The company reports a success rate of approximately 90% from these wells, which run between 400 and 700 vertical feet.

Jericho encountered above average reservoir thickness compared to previous drill results in its targeted zones, with average net pay zones of approximately 15 feet, with good shows of oil saturation. To date, 13 oil producing wells and 10 secondary recovery water injection wells from the recent drilling have been brought on-line. Initial production rates exceeded Jericho's single well economic assumptions for the region, averaging between 3 and 5 barrels of oil per day.

Gross oil production for the 4th quarter continues to average above 100 barrels of oil per day, more than doubling production since Jericho re-listed its shares in March 2014, and expects its remaining drill results to produce strong production growth to finish out the year.

Allen Wilson, CEO, stated: "Our operations team has once again exceeded our expectations and we can look forward to strengthened cash flow and production from our Phase II efforts. At current oil prices, our netbacks sit at $25 to $30 per barrel. Accordingly, we plan to continue our extensive development program in Q1-2015."

Jericho is debt free and remains well-capitalized following its recent $4.23 million equity financing of $0.50 units. The company currently trades at $0.50, and with 45.5 million shares outstanding, the company is capitalized at $22.8 million.

For more information, please visit the company's website www.jerichooil.com. Contact Tony Blancato, Director, Investor Relations at 604-343-2725 email t.blancato@jerichooil.com, or Adam Rabiner, Director, Corporate Communications at 604-343-4534 email a.rabiner@jerichooil.com.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com