Jericho Energy Ventures Names Seasoned Energy Leader Jake Royster as Director of Operations
TULSA, OK AND VANCOUVER, BC / ACCESS Newswire / April 3, 2025 / Further to its news release Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM) ('Jericho', 'JEV' or the 'Company') is pleased to announce that it has appointed Jake Royster as Director of Operations.
Jake Royster
Jake will be based in the Company's Tulsa, Oklahoma office, where he will oversee the core power and gas infrastructure for JEV's newly announced AI-focused Modular Data Centers. Additionally, he will spearhead the growth and optimization of the Company's traditional oil and gas JV assets.
With almost 20 years of experience in the U.S. Mid-Continent energy industry, Jake offers deep expertise in operations management, completions engineering, and business development. His robust energy background features leadership positions at Halliburton, Casillas Petroleum, Trinity Operating, and C&J Energy Services. Throughout his career, he has effectively managed thousands of completion stages, enhanced drilling and production efficiency, spearheaded machine learning optimization, and handled budgets worth millions of dollars.
'We are thrilled to welcome Jake Royster as our new Director of Operations,' said Brian Williamson, CEO of Jericho Energy Ventures. 'Jake's extensive experience in the energy sector and proven leadership in operations and optimization make him the ideal choice to drive our ambitious AI-focused Modular Data Center initiative forward and enhance and expand our traditional energy assets. His appointment underscores our commitment to leveraging top talent and strategic innovation to deliver value in this dynamic energy and technology landscape.'
JEV Harnesses Natural Gas for Modular Data Centers - A Prime Opportunity at a Pivotal Moment
On March 31, 2025, JEV announced the launch of its innovative Modular Data Center venture, utilizing natural gas assets and infrastructure as the foundation for the development of advanced, technology-driven AI computing solutions for the AI era.
JEV's management is confident that the Company is exceptionally well-placed - both strategically and at this pivotal moment - to meet the rising demand for secure, reliable, and cost-efficient natural gas-powered, AI-driven Modular Data Centers across the U.S. With its robust, deployment-ready infrastructure, JEV is poised to fulfill this fast-growing market demand.
A March 30, 2025, Wall Street Journal article titled 'The AI Data-Center Boom Is Coming to America's Heartland' highlights how Meta and other tech giants are scouring rural America for flat, accessible land with natural gas and transmission line availability to fuel AI operations, bringing them to the heart of the nation's oil and gas region.
About Jericho Energy Ventures
Jericho is an energy company positioned to meet today's energy demand as well as the energy transition; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Jericho owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production. Through its wholly owned subsidiary, Hydrogen Technologies, Jericho delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. Etna Solutions, Inc., majority owned by JEV, is developing a patent-pending, high-temperature, low-cost alkaline-based electrolyzer system. We also hold a strategic investment and board position in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis.
CONTACT:
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
This news release contains certain 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Forward-looking statements are frequently characterized by words such as "plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may', 'will' or 'may not' occur. Specifically, this news release contains forward-looking statements relating to, among others, the completion of its new Modular Data Centers initiative launch and successful supplier and customer adoption.
Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include, but are not limited to: regulatory changes; changes to the definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; changes in government environmental objectives or plans; and the other factors described in Jericho's public filings available at www.sedarplus.ca.
The forward-looking statements contained herein are based on certain key expectations and assumptions of Jericho concerning anticipated financial performance, business prospects, strategies, regulatory regimes, the sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on acceptable terms, expansion of consumer adoption of the Company's (or its subsidiaries') technologies and products, all of which are subject to change based on market conditions, potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations are reasonable based on information currently available to management, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking statements that are contained or referenced herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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