Jericho Energy appoints Zhao as interim CFO

Executive Summary

• Jericho Energy Ventures appointed Maggie Zhao as interim Chief Financial Officer, succeeding Ben Holman.
• The company announced its inaugural build‑to‑suit AI data centre location – the Morrison Data Centre (MDC) – on JV acreage in Noble County, Oklahoma.
• MDC leverages extensive on‑site infrastructure (grid power, low‑cost natural gas, water storage, pipelines, and fiber connectivity), positioning Jericho to attract AI data‑centre tenants amid rapid state‑wide AI hub growth.

Key Details

• Interim CFO Appointment
• Maggie Zhao, corporate controller since 2017, named interim CFO effective immediately.
• Departing CFO Ben Holman will remain as an advisor to ensure a seamless transition.

• CEO Brian Williamson praised both executives for their contributions and confidence in continued leadership.

• Morrison Data Centre (MDC) Site

• Location: Noble County, Oklahoma, on Jericho’s oil‑and‑gas joint‑venture acreage.
• Infrastructure assets include:
  • 70 miles of gas gathering pipelines with rights‑of‑way.
  • Existing electrical grid connections.
  • 10 million gallons of on‑site water storage plus an additional 2 million gallons via pipeline.
  • Fiber optic connectivity for high‑speed data transmission.
• Energy supply: Direct access to abundant, low‑price natural gas and grid power, enabling cost‑effective, high‑performance AI compute workloads.

• Market context: Oklahoma is emerging as a premier AI data‑centre hub, with multiple technology firms investing billions in nearby projects, enhancing the strategic attractiveness of MDC for prospective tenants.

• Strategic Outlook

• Management believes the MDC site and its infrastructure will be “highly attractive” to AI data‑centre clients currently in negotiations.
• The announcement underscores Jericho’s strategy to combine energy assets with AI infrastructure development, potentially unlocking new revenue streams and enhancing long‑term shareholder value.

Notable Quotes

• Brian Williamson, CEO: “We have the utmost confidence in Maggie, who has been integral to Jericho's success over the years… We are fortunate to have her step into this role.”
• Brian Williamson, CEO (regarding MDC): “Jericho is pleased to announce details of its inaugural build‑to‑suit AI data centre location… Management believes the MDC location and infrastructure are highly attractive to AI data centre clients currently engaged in negotiations.”