Pedevco Corp. (PED): By closing the merger agreement with Dom...

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Pedevco Corp. (PED)

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Carl H Hermansson

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Carl H Hermansson

Re: Timothy Smith post# 4144

Tuesday, 05/26/2015 6:03:32 AM

Tuesday, May 26, 2015 6:03:32 AM

By closing the merger agreement with Dome Energy, Pedevco fundamenally changes in many significant ways!

Debt is repaid and significantly reduced. Interest lowered from 15% to 3.75%
Production increased to around ~3300 BOEPD
Drilling program of around $55m USD to be announced shortly
Production target of 10 000 BOEPD
EBITDA of $35m USD in Q3 (annualized)

The recent Public offering opens upp for further acreage aqusitions aswell, and this stocks will surely trade in the $2 range again once the market realizes that PEDEVCO generates great revenue even in todays low price oil market!

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