Pedevco Corp. (PED)

[Carl H Hermansson]

This forum has been inactive for some time, so I thought i would try to get the most relevant and important information posted on here for anyone interested to read. There is alot happening in PED right now and to me this indicates a turn around case with significant upside potential.

The following PM was sent out 02/24/15

Pacific Energy Development Announces Entry Into Three Major Agreements That Strengthen and Position the Company for Long-Term Success and Growth
- Acquired Approximately 13,000 Net D-J Basin Acres and Interests in 53 Gross Wells Producing Approximately 500 BOE/D;
- Enters Into Heads of Agreement for a Transformational Business Combination With Dome Energy (OMX:DOME);
- Sold Approximately 2,300 Net Non-Core Acres, Including Condor Subsidiary

Read the full explanation here:
http://ir.pacificenergydevelopment.com/press-releases/detail/414/pacific-energy-development-announces-entry-into-three-major


03/31/15
Pacific Energy Development Announces Year-End 2014 Results With Significant Increase in Revenues, Production and Reserves


- Revenue increased over 3x to $5.1 million in 2014 from $1.5 million in 2013
- Total Net Production increased 4x to 73,583 BOE in 2014 from 18,325 BOE in 2013
- Total Net Proved Reserves (P1) increased over 28x to 15.1 million BOE at year-end 2014 from 523 thousand BOE at year-end 2013*
- PV-10 of Proved Reserves (P1) increased to $136 million at year-end 2014 from $1.6 million at year-end 2013*

http://ir.pacificenergydevelopment.com/press-releases/detail/434/pacific-energy-development-announces-year-end-2014-results