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 nine months ended 30 September 2019, Pedevco Corp revenues increased from $2.8M to $8.8M. Net loss totaled $9.4M vs. income of $59.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Gain on debt restructuring decrease from $70.3M (income) to $0K, Depreciation, depletion, amortization an increase from $2.2M to $9M (expense).
Employees: 14 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $72.82M as of Sep 30, 2019
Annual revenue (TTM): $10.49M as of Sep 30, 2019
EBITDA (TTM): -$9.67M as of Sep 30, 2019
Net annual income (TTM): -$15.08M as of Sep 30, 2019
Free cash flow (TTM): -$31.69M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 70,961,328 as of Nov 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization