Ryan Breen, Head of Corporate Strategy of JEV stated: “Given the UK’s Net Zero 2050 goals and the enthusiasm to decarbonize their heating demand, we are thrilled by our strategic partnership with Protium and Deuterium to expand the availability of our world-leading technology.
Brian Williamson, CEO of Jericho Oil Corporation, states, “We are excited to announce the acquisition of HTI’s patented and novel zero emission hydrogen technology and welcome their world class team. The world is increasingly demanding a transition away from traditional energy sources to low carbon solutions – HTI’s hydrogen solution expands our portfolio to include a technology that will transition one of the largest carbon emitters to a zero-emission energy source. We look forward to receiving the exchanges final approval and updating our shareholders accordingly on our go-forward energy portfolio strategy.”
Jericho Oil’s CEO -Mr. Williamson stated, “I look forward to updating listeners on Jericho’s solid balance sheet positioned for growth, our current operations and the state of the challenged oil and gas industry, at large. With the continued backing of key long-term shareholders, our Company has been extremely active in looking at distressed and complementary acquisition opportunities that would provide significant growth, value creation and potential synergies for Jericho. Given investor apathy towards many oil companies, valuations remain well below what many view as sustainable and the current lack of attention and investment dollars for the space presents significant dislocations in value. We are well suited to take advantage during these times:
We have enclosed our last interview with CEO Mr. Williamson for your review conducted last year.