PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED LD Micro Conference Presentation December 3, 2014
SUMMARY Overview A dynamic energy company focusing on high-growth, early cash flow energy projects Focus Shale and conventional oil and gas in the U.S. Strategic Partners MIE Holdings Corporation (HK: 1555) one of the largest…
CORE OIL FIELD ASSETS IN U.S. Focus on liquids in proven shale plays DJ Basin Asset 18,300 net acres in Weld and Morgan Counties, Colorado 47 producing wells (including 15 after- payout wells) Operate 16 gross wells Commenced…
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…
MANAGEMENT TEAM Frank Ingriselli Past President of Texaco International Y.M. Shum Held senior management positions in E&P Chairman, CEO Operations Chief Technology at Texaco Past President of Texaco Technology Officer Lead first foreign…
BOARD OF DIRECTORS Frank Ingriselli President and CEO of Pacific Energy Development (NYSE: PED) Chairman, CEO Founder and former President and CEO of CAMAC Energy President of Texaco International President of Texaco Technology…
COMPANY STRATEGY Acquire assets in prime locations March 2014 acquired 14,000 net acres in Colorados Wattenberg and Wattenberg Extension from Continental Resources, increasing total leasehold in DJ Basin to 18,300 net acres…
INVESTMENT HIGHLIGHTS Significant Position in Low Nearly 85% of PEDs total U.S. leasehold in DJ Basin Cost, High Return Basin DJ Basin break-even price of crude estimated to be 40-60 per barrel WTI (min. of 15% return) DJ Basin wells…
DJ BASIN AMONG LOWEST COST BASINS IN U.S. Breakeven oil prices by basin *Source: Bloomberg LP and Wells Fargo Securities, LLC Research October 2014 11 Copyright (c) 2014 PEDEVCO Corp.
OIL-WEIGHTED BASIN WITH HIGH IRRs Basin Product & IRR Comparison *Source: Credit Suisse 12 Copyright (c) 2014 PEDEVCO Corp.
RIG COUNT GROWTH EXCEEDS OTHER SHALE PLAYS 60+ rigs in the DJ Rig Count Comparison Basin; 52 rigs 130% 1,060 located in Weld County where 125% PEDEVCO leases 1,040 acreage Indexed Comparison of Rig Count Growth by Basin 120%…
WATTENBERG CORE AND EXTENSION PED acreage and surrounding areas have undergone rapid exploration and development activities from majors such as Bill Barrett, Bonanza Creek, Carrizo, Noble Energy, PDC, Synergy Resources and Whiting…
SIGNIFICANT GROWTH IN RESERVES & REVENUE 1P RESERVES 6,000 5,617 4,500 5,000 REVENUE 4,000 4,000 MBOE 3,000 3,500 2,000 3,000 1,000 THOUSANDS 523 2,500 0 End of 2013 Current (1) 7X 2,000 3P RESERVES…
DEVELOPMENT POTENTIAL IN DJ BASIN 1P Reserves Over 92% PUD reserves offering DJ Basin significant development potential Net Acres 18,300 2P Reserves Potential 76% increase in Gross Drilling locations 1,468* economic value (1P vs. 2P)…
DOWNSPACING POTENTIAL OF DJ BASIN Downspacing (more wells per section) and stacked pay (multiple zones) offers potential increase in recovery factors on the DJ Basin play Recovery Factors Stacked Pay Down- Zones Spacing…
ANNOUNCED DOWNSPACING PROGRAMS Bill Barrett Currently evaluating four downspacing pilots (two in Niobrara B Bench and two in C Bench; Codell testing will follow) Potentially 24 wells per section (1,280 acres) Located in 4N62W, 5N62W…
PEDS PRIME LOCATION DELIVERS RESULTS Prime location at the heart of Wattenberg, Wattenberg Extension & Colorado Mineral Belt, where existing operators have proven success Neighbors include Bill Barrett, Bonanza Creek, Carrizo,…
3 WELL PAD DRILLING PROGRAM IN DJ BASIN 3-well-pad program First wells drilled by PED since acquiring leaseholds from Continental in March 2014 First well spud Aug 18th Approx. 11 days to drill each well Drilling completed on…
INFRASTRUCTURE ACCESS Source: Bonanza Creek November 2014 Investor Presentation 21 Copyright (c) 2014 PEDEVCO Corp.
RECENT TRANSACTIONS IN DJ BASIN Recent and relevant transactions around High Low PEDs acreage in the DJ Basin substantiate Net Acres Value 161 mm 90 mm PEDs valuation (18,300 net acres) Based upon a variety of transaction metrics…
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…
CONCLUSION PED is uniquely positioned to develop its leasehold in the DJ Basin, one of the fastest growing, lowest cost shale plays in the U.S. Well economics are unmatched elsewhere in the U.S., which are supported by rig count…
CONTACT INFORMATION CORPORATE HEADQUARTERS 4125 Blackhawk Plaza Circle, Suite 201 Danville, CA 94506 Tel: 855-PEDEVCO / 925-271-9314 contactpacificenergydevelopment.com Corporate website: www.PacificEnergyDevelopment.com…
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