Jericho Energy Ventures Appoints Interim CFO, Announces Inaugural Oklahoma AI Data Center Site Location

Executive Summary

• Jericho Energy Ventures appointed Maggie Zhao as Interim Chief Financial Officer, succeeding Ben Holman.
• The company disclosed its first build‑to‑suit AI data center location – the Morrison Data Center (MDC) in Noble County, Oklahoma – highlighting extensive on‑site infrastructure (gas pipelines, power grid access, water storage, and fiber connectivity).
• Management indicated that the MDC site is positioned to attract AI data center clients amid rapid growth of AI infrastructure in Oklahoma.

Key Details

• Interim CFO Appointment
• Maggie Zhao, Corporate Controller since 2017, named Interim Chief Financial Officer.
• Outgoing CFO Ben Holman will continue as an advisor to ensure a seamless transition.

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

• Morrison Data Center Site (MDC)

• Location: Company’s oil‑and‑gas joint‑venture acreage in Noble County, Oklahoma.
• 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 backbone connectivity.

• Site benefits: abundant low‑price natural gas, reliable grid power, and proximity to major fiber routes—key inputs for AI data center operations.

• Strategic Rationale

• Management believes the MDC site is “highly attractive” to AI data center clients currently in negotiations.

• Oklahoma is emerging as a premier hub for AI data centers, with multiple technology firms investing billions in the region.

• Additional Information

• Further details on Jericho’s AI Data Center initiative are available in the corporate presentation at www.jerichoenergyventures.com/investors.

Notable Quotes

“On behalf of the Board and the entire Jericho team, I thank Ben for his leadership… We have the utmost confidence in Maggie, who has been integral to Jericho’s success over the years.” – Brian Williamson, CEO

Materiality Assessment: Material – Positive** (The appointment ensures continuity of financial oversight, while the AI data center site represents a strategic expansion into a high‑growth market segment.)