For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected1

Jericho Oil Enters Anadarko Basin STACK Play September 6, 2017

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected2

Forward Looking Statement

Presentation and Reader Advisory

This presentation includes certain statements that may be deemed forward-looking statements. All statements in this presentation, other than statements of historical facts, that address future events or developments that Jericho Oil Corporation (“JCO”) expects are forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking statements in this presentation include, but are not limited to, statements with respect to timing and completion of JCO’s exploration and development program on its Kansas and Oklahoma oil and gas leases.

Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Some of the risks and other factors could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in oil and gas exploration, development and production operations; changes in tax laws and incentive programs relating to the oil and gas exploration industry; and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.Although JCO believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Other than as required under applicable securities laws, JCO does not assume a duty to update these forward-looking statements. For more information on JCO, Investors should review JCO’s filings that are available at www.sedar.com.

Information and facts included in this presentation have been obtained from publicly available and published sources and where appropriate those sources have been cited in this presentation. JCO does not assume a duty to independently verify publicly available and published sources of information provided by arms length third parties.

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected3

STACK Joint Venture Highlights▪ Continues partnership with Family Office

Partner

▪ Jericho has option to earn into Joint Venture with up to 31% ownership

▪ 8,600 net Mississippian acres in the normally pressured oil-window of the play (9,400 total net surface acres –100% HBP with high NRIs)

▪ High-quality resource potential with unrisked inventory of ~160 locations

▪ Implied acreage value of $2,300 / net Mississippian acre adjusting for proved developed producing (PDP) reserves

▪ Acreage position surrounded by substantial drilling and pooling activity targeting the Meramec and Osage formations from Chesapeake, Sandridge, Alta Mesa, Gastar as well as multiple PE-backed operators

▪ Aligns with strategy to generate attractive returns at sub-$50 / bbl

Contiguous Core Position in STACK Oil Window

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected4

Well Positioned Amongst Prominent Operators…Key Attributes and Upside Potential▪ Focused development on fractured Osage

and Meramec targets

▪ Meramec cherty carbonate is an emerging focus area for several operators (CHK, SD)

▪ Osage delivering high performing results with Alta Mesa leading regional dev. and expanding position with proximate acquisition (> 150hz wells drilled to-date)

▪ Alta Mesa (‘17): 20k acre acquisition

▪ Significant upside in spacing density and recent completion evolution

▪ CHK (‘17): 5-well Meramec spacing pilot

▪ Alta Mesa (‘16): 6-well Osage spacing pilot

▪ Alta Mesa (‘16): 10-well Osage spacing pilot

▪ Alta Mesa (‘17): 8-Osage wells/section “base case development plan”

1

- Large Cap E&P’s: MRO, CHK, XEC, CLR, DVN, NFX

- SMID Cap E&P’s: Alta Mesa Resources, Chaparral Energy, Gastar, Linn Energy

- PE-Backed E&P’s: Council Oak (EnCap), Staghorn (EnCap), Carrera (EnCap), Chisolm

(Apollo)

2

3

1

2

3

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected5

…With Significant Adjoining Drilling Activities and Pooling Orders

Source: IHS, Oseberg

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected6

SYLVAN 1H-3NEWFIELD

IP30: 731 boe/d68% oil

GORE 1H-1XNEWFIELD

IP30: 1,285 boe/d87% oil

PALMER 1H-6RNEWFIELD

IP30: 737 boe/d68%

BIG HORN 13-1HCHISHOLM

IP30: 894 boe/d50% oil

HAIGLER 1-4HCOUNCIL OAK

IP30: 700 boe/d40% oil

LAU 1-4HCOUNCIL OAK

IP24hr: 1,762 boe/d34% oil

YORK 6-1HCARERRA

IP24hr: 1,846 boe/d 68% oil

SLO-POKE 1-33HCARERRA

IP24hr: 1,758 boe/d 63% oil

MARJORIE 2-25XHMARATHON

IP30: 2,603 boe/d79% oil

SCHOEPPEL 1-12CHESAPEAKE

IP30: 983 boe/d46% oil

HOSKINS 5-1HCHESAPEAKE

IP30: 1,185 boe/d60% oil

HOSKINS 5-2HCHESAPEAKE

IP30: 1,357 boe/d65% oil

MOSAIC 23-1HCHESAPEAKE

IP30: 918 boe/d50% oil

WILLAMETTE 30-1HCHESAPEAKE

IP30: 1,367 boe/d62% oil

OSMUS 22-1HCHESAPEAKE

IP30: 890 boe/d65% oil

Operator Activity Map – Notable Well Results

12

3

456

1 2

1

2 1

1

2

3

1

Legend

CARRERA

CHISHOLM

CHK

COUNCIL OAK

MRO

NFX

Source: IHS, Oseberg, Company presentations, financials; IP24hr where IP30 unavailable

1

2

3

4

5

6

1

3

2

1

1

2

1 2 1

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected7

Proximate STACK Peer Type CurvesPublic Osage Type Curves Public Meramec Type Curves

Alta Mesa Resources

IP30 (Boepd) 746

D&C ($mm) $3.2

EUR, Mboe 651

% oil 54%

IRR¹ 71%

Chaparral Energy

IP30 (Boepd) 729

D&C ($mm) $3.3

EUR, Mboe 540

% oil 44%

IRR¹ 65%

Source: Company Presentations and Equity Research1) IRR based on flat $50 / bbl and $3.00 / mcf2) Figures normalized to 5,000’ lateral3) Unrisked HZ location assumption based on 8 gross Osage wells per section and 4 gross Meramec wells per section

Sandridge Energy²

IP30 (Boepd) n/a

D&C ($mm) $3.3

EUR, Mboe 450

% oil 40%+

IRR¹ 22%

Newfield Exploration²

IP30 (Boepd) 600

D&C ($mm) $3.5

EUR, Mboe 550

% oil 40%+

IRR¹ 50%

STACK JV Operated HZ Locations (Unrisked)³

Well Count Approx. Rig Years

156 8

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected8

Net STACK Production

Date Company / Ticker Firm Value ($mm) Acres (boe/d) Headline Prod. Adjusted¹

8/28/2017 Gastar / GST $667 63,200 6,000 $10,557 $8,658

Recently Announced Acquisition into Public Acquisition Vehicle

8/17/2017 Alta Mesa Resources (Silver Run Acquisition II Corp.)² $2,184 102,466 20,500 $21,312 $17,311

n/a Alta Mesa Resources (Silver Run Acquisition II Corp.)³ $2,506 102,466 20,500 $24,457 $20,456

Min $10,557 $8,658

Max $24,457 $20,456

Median $21,312 $17,311

Average $18,775 $15,475

$ / Acre

Valuation BenchmarkingPrecedent STACK Transactions

Public STACK Trading Comparables

Source: Company presentations, financials1) Adjusted for production valued at $20,000 per BOE/D2) Alta Mesa Resources Firm Value for Alta Mesa Holdings Upstream Assets; based on FV / 2018E EBITDA of 6.1x based on

contribution to merger with Kingfisher Midstream3) Alta Mesa Resources Firm Value for Alta Mesa Holdings Upstream Assets; based on FV / 2018E EBITDA of 7.0x representing

the median EV / 2018E EBITDA for the Mid-Cap Universe per Seaport Global Equity Research (8/28/17)

Net STACK Production

Date Seller Purchaser Deal Value ($mm) Acres (boe/d) Headline Prod. Adjusted¹

8/8/2017 Continental Resources Undisclosed $73 6,590 n/a $11,002 $11,002

1/16/2017 Staghorn Petroleum Chisholm Oil & Gas (Apollo) $613 41,386 2,800 $14,812 $13,459

6/20/2016 Payrock Energy Marathon Oil $888 61,000 8,600 $14,557 $11,738

5/5/2016 Chesapeake Energy Newfield Exploration $470 42,000 3,800 $11,190 $9,381

12/7/2015 Felix Energy Devon Energy $1,900 80,000 9,000 $23,750 $21,500

Min $11,002 $9,381

Max $23,750 $21,500

Median $14,557 $11,738

Average $15,062 $13,416

8/1/2017 Undisclosed Jericho Oil Joint Venture $21 8,590 n/a $2,398 $2,398

$ / Acre

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected9

Illustrative Jericho Oil Net Asset Value – Significant Upside in STACK JVJCO Asset Value ($mm) – Precedent STACK Transactions

JCO Proved plus Probable² (ex. STACK)

STACK JV Illustrative Value(8,590 net acres x $11,738 / acre) x

31% JV ownership*

Total Gross Asset Value Net Debt¹ Net Asset Value

Implied P / NAV³:66%

Implied: CAD $0.91Current: CAD $0.60

JCO Asset Value ($mm) – Public STACK Trading Comparables

JCO Proved plus Probable² (ex. STACK)

STACK JV Illustrative Value(8,590 net acres x $17,311 / acre) x

31% JV ownership*

Total Gross Asset Value Net Debt¹ Net Asset Value

Implied P / NAV³:55%

Implied: CAD $1.09Current: CAD $0.60

*Note: See “Valuation Benchmarking” Slide for $ / acre multiples backup; assumes Jericho fully exercises 31% option in the STACK Joint Venture1) Net debt based on cash of USD$2.43mm and total debt of USD$2.47mm as of 6/30/20172) Proved plus Probable figures based on YE2016 NI 51-101 Independent Reserves Report; excludes Garfield County acreage resource potential

or undeveloped locations on approximately 1,945 net acres3) Implied Price / NAV based on August 29, 2017 closing price of $USD 0.48 / share (CAD $0.60) and shares outstanding of 100.60mm inclusive of

STACK equity raise announced 8/23/17; excludes recent equity raise announced 8/14/17 to exercise an option to acquire an additional 25% in assets held in Seminole and Pott. County, OK

For discussion purposes only and does not constitute an offer to sell – Past performance is not indicative of future results – Actual production may not be as projected10

Precedent STACK Transactions – Locator Map

Source: IHS, Oseberg