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LD Micro Invitational Equity Conference – Pacific Energy Development

Pacific Energy Development · Jun 7, 2016 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 1
    PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED LD Micro Invitational Equity Conference Presentation June 7, 2016
  2. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 2
    THE COMPANY Developing operated oil & gas assets in the Denver-Julesburg Basin (D-J Basin) Ticker NYSE MKT: PED COLORADO Assets 11,900 net acres 61 gross wells 14 gross operated wells Headquarters Danville, CA Weld County…
  3. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 3
    PEDEVCO MANAGEMENT TEAM Michael Peterson President, CEO Former Chairman and CEO of Solargen Energy, Inc. Past Interim CEO and Director of Blast Energy Services Founder and Managing Partner - Pascal Management First Vice President,…
  4. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 4
    TECHNICAL/OPERATING EXPERTS Michael Rozenfeld Co-Founder of South Texas Reservoir Alliance VP of Geosciences Former Lead Reservoir Engineer and Petrophysicist at Rosetta Resources and Shell BS Petroleum Engineering from the University…
  5. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 5
    BOARD OF DIRECTORS Frank Ingriselli Founder and Chairman of Pacific Energy Development (NYSE: PED) Chairman Founder and former President and CEO of CAMAC Energy President of Texaco International President of Texaco Technology…
  6. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 6
    A HISTORY OF STRATEGIC GROWTH NYSE LISTING FOUNDED 2013 SEP 2015 JAN 2011 FEB PUBLIC LISTING (NYSE MKT: PED) Announced IP of 3 Founded as private company 2012 JUL Loomis Wells Became a public company (OTC Bulletin Board) 2016…
  7. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 7
    PEDS PRIME LOCATION IN D-J BASIN Acreage in the heart of Wattenberg, Wattenberg Extension & Colorado Mineral Belt Weld County Greeley 4 wells 3 wells 1 well Morgan County 8 Copyright (c) 2016 PEDEVCO Corp.
  8. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 8
    DOWNSPACING POTENTIAL OF D-J BASIN Downspacing (more wells per section) and stacked pay (multiple zones) offers potential increase in recovery factors Up to Five Stacked Pay Zones Illustrative Downspacing (16 wells per section) 1…
  9. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 9
    WELL COSTS HAVE DECREASED SIGNIFICANTLY Significant reductions in well costs realized since late 2014 /early 2015 in D-J Basin in millions Length of Lateral Name Ticker Short Long Prev.(1) Bill Barrett BBG - 5.6 8.3 Bonanza…
  10. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 10
    D-J BASIN ECONOMICS REMAIN RESILIENT PEDs assets in Colorado provide attractive returns especially relative to other basins PED near-term development contemplates drilling XRL wells(1) Source: Credit Suisse Equity Research,…
  11. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 11
    SUMMARY OF RECENT ANNOUNCEMENTS 1. Entry into Merger Agreement with GOM Holdings, LLC Dec 30, 2015 2. Acquisition of 8 Gross (1.8 Net) Producing Wells Mar 31, 2016 3. Closing of New 25.9 million Financing May 17, 2016 4.…
  12. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 12
    MERGER WITH GOM HOLDINGS On December 30, 2015, the Company announced entry into a merger agreement with GOM Holdings, LLC: Acquisition of GOM Holdings by issuing a combination of common and preferred shares Fully diluted, pro…
  13. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 13
    SUMMARY OF GOM HOLDINGS TRANSACTION Proposed Transaction PED to acquire (via wholly-owned acquisition sub) 100% of GOM Holdings, LLC in exchange for the following: Security Consideration PED Common Stock 1.6 million shares PED…
  14. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 14
    MERGER ACCRETIVE TO PED SHAREHOLDERS Valuation Considerations PV-10 of 1P Boepd(1) (mm)(2) 000s Mm shares 300 41(1) 100 112 (10%) (8%) (8%) Avg. (14%) PED = 8.4% 6% GOM = 91.6% Incremental value for PED shareholders…
  15. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 15
    GOM HOLDINGS ASSETS Near-term, low risk development opportunities in shallow offshore assets Development Projects Workover Project 1 Project 2 2-well shallow 3-well shallow Description 6-well rework offshore offshore redevelopment…
  16. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 16
    KEY STATISTICS (Post Merger) Proved Reserves by Location Market Cap(1) 195 mm Less: Cash(2) .7 mm 21% 20% Plus: Debt 175 mm Plus: Preferred Equity n/a Enterprise Value 369 mm 59% Colorado Gulf (TX, LA) California Proved…
  17. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 17
    THE COMPANY (Post Merger) Developing diverse oil & gas assets across the United States Ticker: PED (NYSE MKT) HQ: Danville, CA COLORADO CALIFORNIA GULF OF MEXICO (Louisiana & Texas) 18 Copyright (c) 2016 PEDEVCO Corp.
  18. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 18
    RATIONALE FOR MERGER WITH GOM HOLDINGS Increase Asset Asset Scale & Base and Cash Diversification Flow Ability to Seasoned Restructure Complementary Debt and Access Teams Capital 19 Copyright (c) 2016 PEDEVCO Corp.
  19. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 19
    ANTICIPATED TIMELINE OF MERGER 1. 10 mm Financing for GOM workover 60 days 2. Restructuring of GOM / PED debt 90 days 3. Definitive Merger Documents 90 days 4. Closing 100 days 5. Proxy Circulation & Shareholder Approval 190…
  20. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 20
    COMPANY STRATEGY Acquisition of GOM Holdings Acquire Premier Assets Maximize Reduce cost of Generate Restructure Shareholder debt to execute strong returns Value Debt long-term strategic plan Reduce D&C, Drill highest…
  21. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 21
    INVESTMENT HIGHLIGHTS Assets in Low Cost, High Existing onshore and offshore drilling locations with Return Locations attractive economics at current prices 1,000 gross drilling locations (200-250 operated) in CO Growth Potential…
  22. LD Micro Invitational Equity Conference – Pacific Energy Development – slide 22
    CONTACT INFORMATION CORPORATE HEADQUARTERS 4125 Blackhawk Plaza Circle, Suite 201 Danville, CA 94506 Tel: 855-PEDEVCO contactpacificenergydevelopment.com Corporate website: www.PacificEnergyDevelopment.com 23 Copyright…

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