“It takes more than just a good idea, you need to be able to raise money and have a good shareholder base”
Allen Wilson is the CEO of Jericho Oil Corp whose objective is to drive long-term shareholder value through the growth of oil and gas production, cash flow and reserves. Allen has been a successful investor, fundraiser and business development strategist for the past 20 years, working with emerging micro-cap companies across multiple industries.
In this episode, Allen talks about why it’s important to deliver good value to shareholders, have a massive amount of land, and produce 1,000+ barrels of oil per day. He also discusses the effects Trump and Scott Pruitt has in the oil industry. Listen to the end for tips on what to look for when making small cap investments.
Listen to episode 002 on iTunes here or subscribe on your favorite podcast app.
002 Show Notes
Links: Allen Wilson
02:40 – Tom Brady & playing golf
05:20 – First City Trust Company
07:00 – Technology to gas
10:20 – Family office system
11:30 – Investors fee
12:10 – DuPont
14:00 – Jericho barrel production
16:02 – 1,000 barrels a day
17:40 – Favorable reserved based loan
18:00 – 75,000+ acres of land
20:00 – Oklahoma oil & gas players
21:00 – Delivering shareholders good value
24:00 – Importance of economics
25:30 – Buying low & real estate crisis
28:20 – Trump, Scott Pruitt & the oil market
31:00 – Jericho’s cost per barrel
35:30 – Trading JROOF in the U.S
36:36 – Investing in small caps
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