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Thursday, June 04, 2015 2:58:17 AM
Stonegate just released a report valuing the assets of Pedevco Corp. to $1.47 per share.
Dome Energy CEO comments Pedevco's assets in the last Q1 report like this:
"Pedevco’s high quality drilling inventory is the main reason for the transaction (PED buys Dome Energy). At current oil prices, we would have an economical drilling program that would take us to more than 20000 boepd"
This report from Stonegate does not include the assets of Dome Energy which will add production, cashflow, reduce debt and make the balance sheet look way better.
Sources:
http://content.stockpr.com/pacificenergydevelopment/files/Coverage/Stonegate+Report+PED+Q1FY15.pdf
https://www.domeenergy.com/wp-content/uploads/2015/05/Dome-Energy-Q1-2015.pdf
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