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PEDEVCO Completes 4 of 16 Wattenberg Wells in 1Q 2014

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PEDEVCO Completes 4 of 16 Wattenberg Wells in 1Q 2014

PEDEVCO Corp. d/b/a Pacific Energy Development, an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, has announced the estimated initial production rates of the first three wells in which the Company has a 12.5% interest that were drilled and completed by a third party operator on acreage recently acquired by the Company in the Wattenberg Area of Weld County, Colorado.

The 24-hour peak rates for these three wells, as estimated by the Company based on information received from the operator, are as follows:

529.2 BOE/D (459 Bbl oil and 421 Mcf/d gas) 556.2 BOE/D (458.7 Bbl oil and 585 Mcf/d gas) 542.6 BOE/D (459.2 Bbl oil and 500 Mcf/d gas)

The Company acquired its Wattenberg Asset in March 2014, expanding its position…

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