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Noble Financial Capital Markets Equity Conference – Pacific Energy Development

Pacific Energy Development · Jan 19, 2015 · 23 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. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 1
    PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED Noble Financial Capital Markets Equity Conference Presentation January 19, 2015
  2. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 2
    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. Ticker NYSE MKT: PED Capital Structure 34.1mm total shares (43.8mm fully diluted)…
  3. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 3
    OIL FIELD ASSET IN THE U.S. Focus on the Denver-Julesburg Basin DJ Basin Asset 18,300 net acres in Weld and Morgan Counties, Colorado 58 producing wells (including 22 after-payout wells) Operate 19 gross wells Announced IP of 3…
  4. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 4
    A HISTORY OF CONTINOUS GROWTH 2014 JUN 1P = 5.6mm BOE 3P = 13.5mm BOE FOUNDED PUBLIC LISTING NYSE LISTING 2011 FEB 2012 JUL 2013 SEP Founded as private Became a public (NYSE MKT: PED) company company 2015 JAN Announced IP of…
  5. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 5
    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…
  6. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 6
    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…
  7. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 7
    INVESTMENT HIGHLIGHTS Significant Position in Low 100% of PEDs total U.S. leasehold in the 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…
  8. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 8
    DJ BASIN AMONG LOWEST COST BASINS IN U.S. Breakeven oil prices by basin to achieve 15% IRR *Source: Bloomberg LP and Wells Fargo Securities, LLC Research October 2014 11 Copyright (c) 2015 PEDEVCO Corp.
  9. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 9
    OIL-WEIGHTED BASIN WITH HIGH IRRs Assumes 55 oil / 3 gas *Source: Bloomberg LP and Wells Fargo Securities, LLC Research January 2015 12 Copyright (c) 2015 PEDEVCO Corp.
  10. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 10
    DJ BASINS WELD COUNTY REMAINS RESILIENT Rig Count indexed since June 14 (WTI 52-week high of 107.95) 56 rigs in the DJ Rig Count Comparison Basin; 50 rigs 115% located in Weld 1,040 County where PEDEVCO leases 1,020 Indexed…
  11. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 11
    PEDS PRIME LOCATION Acreage in the heart of Wattenberg, Wattenberg Extension & Colorado Mineral Belt Weld County Greeley 4 wells 3 wells 1 well Morgan County 14 Copyright (c) 2015 PEDEVCO Corp.
  12. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 12
    WATTENBERG CORE AND EXTENSION Neighboring operators announced successful results, even at lower prices = Orange/yellow boxes indicate PED leasehold EUR IRR Operator (Mboe)(1) WTI ( / bbl) 30% Bill Barrett(2) 825 65 WTI 20%…
  13. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 13
    ANNOUNCED DOWNSPACING PROGRAMS Neighboring operators are testing downspacing potential of DJ Basin with success Bill Barrett Currently evaluating four downspacing pilots (two in Niobrara B Bench and two in C Bench; Codell testing will…
  14. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 14
    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…
  15. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 15
    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)…
  16. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 16
    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…
  17. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 17
    STRONG OPERATOR WITH RECENT SUCCESS Loomis Pad (7N60W section 2) (Initial Production Announced Jan 15) Weld Wells 2-1H 2-3H 2-6H Bopd IP 576 540 540 Mcf/d IP 630 248 300 Boepd IP 681 581 590 NRI 40% 40% 40% Greeley Morgan Net…
  18. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 18
    LOOMIS 3 WELL PAD DRILLING 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 October 7, 2014 Avg. IP:…
  19. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 19
    INFRASTRUCTURE ACCESS Source: Bonanza Creek November 2014 Investor Presentation 22 Copyright (c) 2015 PEDEVCO Corp.
  20. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 20
    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…
  21. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 21
    UPSIDE - INTERNATIONAL ASSET KAZAKHSTAN PED is in contract to acquire 5% equity interest in Caspian Energy Inc., which will own 100% interest in 380,000 acres in the North Block located in the Caspian Basin. Caspian Basin is estimated…
  22. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 22
    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…
  23. Noble Financial Capital Markets Equity Conference – Pacific Energy Development – slide 23
    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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