PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED IPAA OGIS Presentation September 23, 2014
SUMMARY Overview A dynamic energy company focusing on high-growth, early cash flow energy projects in the U.S. Focus Shale and conventional oil and gas in the U.S. Strategic Partners MIE Holdings Corporation (HK: 1555) one of the…
A HISTORY OF CONTINOUS GROWTH Q2 2014 FOUNDED PUBLIC LISTING NYSE LISTING 2011 FEB 2012 JUL 2013 SEP Founded as private Became a public (NYSE MKT: PED) company 1P = 5.6M BOE company 2014 MAR 3P = 13.5M BOE Acquired Wattenberg…
GROWTH DRIVERS CORPORATE HIGHLIGHTS Proven Strong industry relationships Manage- Developed over 500 horizontal shale wells ment & Fastest spud to TD in Niobrara Operations Proven efficient low cost operator Team Assets Across…
MANAGEMENT TEAM Frank Ingriselli Past President of Texaco International Y.M. Shum Held senior management positions in E&P President, CEO Operations Chief Technology at Texaco Past President of Texaco Technology Officer Lead first…
BOARD OF DIRECTORS Frank Ingriselli President and CEO of Pacific Energy Development (NYSE: PED) President, CEO Founder and former President and CEO of Pacific Asia Petroleum President of Texaco International President of Texaco…
CORE ASSETS HIGH IRR% Basin IRRs Overview *Source: Credit Suisse Research October 2013 Shale Revolution II 10 Copyright (c) 2014 PEDEVCO Corp.
CORE OIL FIELD ASSETS Focus on liquid plays in proven shale plays Wattenberg Asset 26,924 gross (13,462) net acres in Weld and Morgan Counties, Colorado 50% working interest + operatorship 42 producing wells (including 15 after-…
FOCUS NIOBRARA & WATTENBERG ASSETS DJ Basin - Weld and Morgan County, CO the acreage and surrounding areas have undergone rapid exploration and development activities from majors such as Synergy, Carrizo, and Noble Energy PRIME…
SIGNIFICANT DEVELOPMENT POTENTIAL Niobrara Wattenberg 1P reserves - Gross Acres (approx) 9,067 26,924 over 90% PUD 3P reserves offering great estimated at Working Interest (avg) 25% 50% development 13.5M BOE Net Acres 2,384 13,462…
NIOBRARA ASSET EFFECTIVE LOW-COST OPERATION Located in the DJ Basin Weld and Morgan YTD Producing 5 Counties wells Neighbors include Noble Energy, Carrizo, Acreage 9,067 gross (2,384 net) Whiting, EOG, Bonanza Creek, Bill Barrett,…
ORGANIC GROWTH DRIVER - WATTENBERG ASSET Prime location at the heart of Wattenberg, YTD of 42 producing wells in 13,462 net operated Wattenberg Extension & Colorado Mineral Producing acres Belt, where existing operators have proven…
LOOMIS 3 WELL PAD DRILLING PROGRAM (WATTENBERG) 3-well-pad program First wells drilled by PED since acquiring the Wattenberg asset First well spud Aug 18th Approx. 11 days to drill each well Drilling planned to be completed late…
MISSISSIPPIAN BASIN OVERVIEW 60+ year history of vertical production with well-developed infrastructure Horizontal drilling making the Mississippian a premier onshore play Significant new developments and leasing activities…
POTENTIAL INCREASE IN RECOVERY Down-spacing (more wells per section) and stacked pay (multiple zones) offers potential increase in recovery factors on the Niobrara/Wattenberg play Recovery Factors Stacked Pay Down- Zones…
UPSIDE POTENTIAL IN RESERVES Assets could hold net un-risked reserve potential of over 43 MMboe, stemming from only one primary reservoir in each asset and using 40 acre spacing in the Wattenberg, 80 acre spacing in the Wattenberg…
UPSIDE - INTERNATIONAL ASSET KAZAKHSTAN PED is in contract to acquire 5% equity interest in Caspian Energy Inc., which owns 100% interest in 380,000 acres in the North Block located in the Caspian Basin. Caspian Basin is estimated to…
PIPELINE OF OPPORTUNITIES Opportunities to expand in our core areas: Down-spacing of well spacing: 80 to 40 acres/well in Niobrara and Wattenberg 160 to 80 acres/well in Mississippian Additional formations in the Wattenberg and…
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