PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED Noble Financial Capital Markets Equity Conference Presentation January 18, 2016
THE COMPANY Developing operated oil & gas assets in the Denver-Julesburg Basin (D-J Basin) Ticker NYSE MKT: PED COLORADO Assets 19,000 net acres 53 gross wells 14 gross operated wells Headquarters Danville, CA Weld…
A HISTORY OF CONTINUOUS GROWTH NYSE LISTING FOUNDED 2013 SEP 2015 JAN 2011 PUBLIC LISTING (NYSE MKT: PED) Announced IP of 3 2012 JUL Acquired interest in FEB/APR production license in Loomis Wells Founded as private Became a…
PEDEVCO MANAGEMENT TEAM Frank Ingriselli Past President of Texaco International Michael Peterson Past Chairman and CEO of Solargen Chairman, CEO Operations President, CFO Energy, Inc. Past President of Texaco Technology Past Interim CEO…
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…
BOARD OF DIRECTORS Frank Ingriselli Chairman 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…
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.
WELL COSTS CONTINUE TO DECREASE 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 Creek(2) BCEI…
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,…
SUMMARY OF PROPOSED TRANSACTIONS On December 30, 2015, the Company announced the following transactions: Terminated due to the continued downturn in oil prices and challenging market environment 1. Termination of Dome Merger GOM…
MERGER WITH GOM HOLDINGS 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 Series B…
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…
GOM HOLDINGS ASSETS Near-term, low risk development opportunities in shallow offshore assets Development Projects Project 1 Project 2 2-well shallow offshore 3-well shallow offshore Description redevelopment development 105mm Total…
KEY STATISTICS (Post Merger) Proved Reserves by Location Market Cap(1) 195 mm Less: Cash(2) 1 mm 21% 20% Plus: Debt 175 mm Plus: Preferred Equity n/a Enterprise Value 368 mm 59% Colorado Gulf (TX, LA) California Proved…
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) 16 Copyright (c) 2016 PEDEVCO Corp.
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 17 Copyright (c) 2016 PEDEVCO Corp.
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…
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 2…
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