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Jericho Energy Appoints Jake Royster as COO to Advance AI-Driven Energy Platform and Enhance Operations
Company completes previously announced private placement TULSA, OK / ACCESS Newswire / Mar...
About this update from Jericho Energy Ventures Inc
[{"type":"text","content":"Jericho Energy Appoints Jake Royster as COO to Advance AI-Driven Energy Platform and Enhance OperationsCompany completes previously announced private placement TULSA, OK / ACCESS Newswire / March 27, 2026 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) (\"Jericho\", \"JEV\" or the \"Company\"), an energy innovation company positioned at the nexus of energy and AI infrastructure, is pleased to announce the promotion of Jake Royster to Chief Operating Officer. Mr. Royster was previously appointed Director of Operations by JEV in April 2025.As COO, Jake will oversee execution of the Company's power-generation strategy supporting its rapidly developing AI data center infrastructure, while advancing the expansion and value optimization of Jericho's legacy oil and gas assets amid improving market fundamentals.Since joining Jericho as Director of Operations last year, Jake has delivered measurable operational and financial improvements across the Company's legacy energy production business, including:Achieving Jericho's lowest per-barrel lifting costs in more than eight quarters in Q4 2025Maintaining asset-level profitability despite a 17% decline in commodity prices versus Q4 2024Implementing process-driven operational practices to streamline communications and improve efficiencyStrengthening operational discipline and safety standards across field operations\"Jake has already demonstrated tremendous leadership since joining Jericho last year, delivering meaningful operational improvements across our energy portfolio while helping position the Company for its next phase of growth,\" said Brian Williamson, CEO of JEV. \"His deep Mid-Continent operating experience coupled with his Halliburton training makes him the ideal leader to both advance the performance of our core energy assets and play a key role in executing our power generation strategy as we focus on developing energy solutions to support the rapidly expanding AI data center infrastructure market.\"Closing of Private Placement & Loan Extension NegotiationJEV also announces the closing of the final tranche of its previously announced non-brokered private placement (the \"Financing\") with the issuance of 6,724,658 units (the \"Units\") at a price of CAD$0.08 per Unit for gross proceeds of CAD$537,972.60. Each Unit is comprised of one (1) common share of the...