Pedevco Corp. Common Stock (PED) 1.51 $PED
Pacific Energy Development Announces Completion of Drilling of Loomis 2-1H Well and Commencement of Drilling of Loomis 2-3H Well on Its Wattenberg Asset
Marketwire - Mon Sep 08, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., announced today that the Company has successfully completed the drilling of the first of three back-to-back wells on its Wattenberg Asset, the Loomis 2-1H well, and the spudding of the second of three wells, the Loomis 2-3H well, on September 5, 2014.
PEDEVCO Corp. (PED) in Focus: Stock Adds 5.3% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Aug 29, 7:37AM CDT
PEDEVCO Corp. (PED) was a big mover last session, as the company saw its shares rise more than 5% on the day.
Pacific Energy Development Announces Commencement of Drilling of Next 3 Wells on its Wattenberg Asset and Investor Update Conference Call Today
Marketwire - Tue Aug 19, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., announced today that the Company has spudded the first of three back-to-back wells on its Wattenberg Asset that will be operated by the Company.
Pacific Energy Development Announces 2nd Quarter Results With Revenues Increasing More Than 10x Over Same Period Last Year With a Commensurate Increase in Reserves
Marketwire - Thu Aug 14, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) reported 2nd quarter results yesterday and will host a conference call to discuss these results and to provide an operational update. The call will be held on Tuesday, August 19, 2014 at 1:30PM Pacific Time.
Pacific Energy Development Announces Restructuring of Kazakhstan Asset Acquisition to Better Position the Asset for Success and Liquidity
Marketwire - Tue Aug 05, 8:12AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today announced that it has entered into a series of agreements pursuant to which the Company has restructured its planned acquisition of indirect interests in production and exploration licenses covering a contract area in the Republic of Kazakhstan covering 380,000 acres within the North Block of the Pre-Caspian Basin. As a result of the restructuring, the Company will acquire 5% of the capital stock of Caspian Energy Inc., which will, as a result of this transaction own 100% of Aral Petroleum Capital Limited which currently holds a 100% operated working interest in the asset. As part of the transaction, certain other parties will provide an additional $21.5 million to Aral to fund its operations and development efforts going forward. Notably, the Company will hold publicly-traded Caspian Energy stock on an unrestricted basis (subject to applicable regulatory holding periods), and as a minority shareholder in Caspian Energy and the Company will not be subject to future capital calls or funding obligations, or any other obligations or requirements, that the Company might otherwise have been subject to as a major shareholder of Asia Sixth Energy Resources Limited as previously contemplated under the original acquisition transaction.
Pacific Energy Development Provides Drilling Plan Update and Announces Debt Conversions
Marketwire - Mon Jul 21, 3:45PM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today confirmed that it remains on schedule to commence drilling operations in mid-August 2014 on its initial 3 horizontal wells to be drilled and completed in its recently acquired Wattenberg Asset located in Weld County, Colorado. The Company has identified all key service providers, and has cash on hand and an established drilling credit line necessary, to drill and complete these wells as scheduled. The Company plans to drill these wells from a single pad at an estimated gross cost of approximately $4.2 million per well with an approximately 45% net working interest in each, with each well planned to receive an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
Pacific Energy Development Announces Drilling Approval and Initial Drilling Plans on Its Recently Acquired Wattenberg Asset
Marketwire - Wed Jun 18, 7:30AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, today announced that on June 17, 2014 the Company received approval from the Oil and Gas Conservation Commission of the State of Colorado (COGCC) for the drilling of up to 79 new horizontal wells comprising 7 spacing units covering a total of approximately 6,700 gross acres in the Company's recently acquired Wattenberg Asset located in Weld County, Colorado. With these approvals now in hand, today the Company also announced its plans to commence its initial drilling operations in mid-August 2014 with the planned drilling and completion of 3 horizontal wells from a single pad, with each well receiving an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
PEDEVCO Seals DJ Basin Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 5:00PM CDT
On Mar 10, 2014, independent energy firm PEDEVCO Corp. declared that it has purchased roughly 28,000 net acres of land along with 40 wells in the Colorado-based DJ Basin.
Pacific Energy Development Announces Completion of Drilling of Loomis 2-1H Well and Commencement of Drilling of Loomis 2-3H Well on Its Wattenberg Asset
Marketwire - Mon Sep 08, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., announced today that the Company has successfully completed the drilling of the first of three back-to-back wells on its Wattenberg Asset, the Loomis 2-1H well, and the spudding of the second of three wells, the Loomis 2-3H well, on September 5, 2014.
PEDEVCO Corp. (PED) in Focus: Stock Adds 5.3% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Aug 29, 7:37AM CDT
PEDEVCO Corp. (PED) was a big mover last session, as the company saw its shares rise more than 5% on the day.
Pacific Energy Development Announces Commencement of Drilling of Next 3 Wells on its Wattenberg Asset and Investor Update Conference Call Today
Marketwire - Tue Aug 19, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., announced today that the Company has spudded the first of three back-to-back wells on its Wattenberg Asset that will be operated by the Company.
Pacific Energy Development Announces 2nd Quarter Results With Revenues Increasing More Than 10x Over Same Period Last Year With a Commensurate Increase in Reserves
Marketwire - Thu Aug 14, 7:31AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) reported 2nd quarter results yesterday and will host a conference call to discuss these results and to provide an operational update. The call will be held on Tuesday, August 19, 2014 at 1:30PM Pacific Time.
Pacific Energy Development Announces Restructuring of Kazakhstan Asset Acquisition to Better Position the Asset for Success and Liquidity
Marketwire - Tue Aug 05, 8:12AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today announced that it has entered into a series of agreements pursuant to which the Company has restructured its planned acquisition of indirect interests in production and exploration licenses covering a contract area in the Republic of Kazakhstan covering 380,000 acres within the North Block of the Pre-Caspian Basin. As a result of the restructuring, the Company will acquire 5% of the capital stock of Caspian Energy Inc., which will, as a result of this transaction own 100% of Aral Petroleum Capital Limited which currently holds a 100% operated working interest in the asset. As part of the transaction, certain other parties will provide an additional $21.5 million to Aral to fund its operations and development efforts going forward. Notably, the Company will hold publicly-traded Caspian Energy stock on an unrestricted basis (subject to applicable regulatory holding periods), and as a minority shareholder in Caspian Energy and the Company will not be subject to future capital calls or funding obligations, or any other obligations or requirements, that the Company might otherwise have been subject to as a major shareholder of Asia Sixth Energy Resources Limited as previously contemplated under the original acquisition transaction.
Pacific Energy Development Provides Drilling Plan Update and Announces Debt Conversions
Marketwire - Mon Jul 21, 3:45PM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today confirmed that it remains on schedule to commence drilling operations in mid-August 2014 on its initial 3 horizontal wells to be drilled and completed in its recently acquired Wattenberg Asset located in Weld County, Colorado. The Company has identified all key service providers, and has cash on hand and an established drilling credit line necessary, to drill and complete these wells as scheduled. The Company plans to drill these wells from a single pad at an estimated gross cost of approximately $4.2 million per well with an approximately 45% net working interest in each, with each well planned to receive an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
Pacific Energy Development Announces Drilling Approval and Initial Drilling Plans on Its Recently Acquired Wattenberg Asset
Marketwire - Wed Jun 18, 7:30AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, today announced that on June 17, 2014 the Company received approval from the Oil and Gas Conservation Commission of the State of Colorado (COGCC) for the drilling of up to 79 new horizontal wells comprising 7 spacing units covering a total of approximately 6,700 gross acres in the Company's recently acquired Wattenberg Asset located in Weld County, Colorado. With these approvals now in hand, today the Company also announced its plans to commence its initial drilling operations in mid-August 2014 with the planned drilling and completion of 3 horizontal wells from a single pad, with each well receiving an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
PEDEVCO Seals DJ Basin Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 5:00PM CDT
On Mar 10, 2014, independent energy firm PEDEVCO Corp. declared that it has purchased roughly 28,000 net acres of land along with 40 wells in the Colorado-based DJ Basin.
