Pedevco Corp (A:PED)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEC
Company Contact
Address: 575 N Dairy Ashford Rd Ste 210
HOUSTON TX 77079-1121
Tel: N/A
IR: See website
Key People
John J. Scelfo
Independent Chairman of the Board
J. Douglas Schick
Simon Kukes
Chief Executive Officer, Director
Paul Anthony Pinkston
Principal Financial Officer, Accounting Officer, Chief Accounting Officer
Clark R. Moore
Executive Vice President, General Counsel, Secretary
Business Overview
PEDEVCO Corp. is an oil and gas company focused on the acquisition and development of oil and natural gas assets. The Company's properties are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado. The Company holds approximately 40,200 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, and approximately 11,700 net D-J Basin acres located in Weld and Morgan Counties, Colorado, and holds interests in 359 gross (290 net) wells in the Permian Basin.
Financial Overview
For the three months ended 31 March 2020, Pedevco Corp revenues increased 81% to $2.8M. Net loss increased 42% to $4.3M. Revenues reflect Crude Oil segment increase of 86% to $2.7M, NGL segment increase from $6K to $40K. Higher net loss reflects Depreciation, depletion, amortization an increase of 53% to $3.4M (expense), Gain (Loss) on sale of oil and gas prop decrease from $920K (income) to $0K.
Employees: 16 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $45.92M as of Mar 31, 2020
Annual revenue (TTM): $14.24M as of Mar 31, 2020
EBITDA (TTM): -$11.79M as of Mar 31, 2020
Net annual income (TTM): -$12.36M as of Mar 31, 2020
Free cash flow (TTM): -$38.64M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 71,125,328 as of May 12, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization