Pedevco Corp. (PED)

[Hercules1]

this may not come down like that GBR did.



this is a real story here. they wiped out $74 million debt and created $64 million stockholder equity.


this is the real deal going forward.



Institutional ownership is higher than I thought: it is 8.8%:


Company Details
PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand. The Company's operating properties are located in t... More
PED Sector and Ownership Percentage
Industry
Oil Equipment & Services


Institutional Ownership
8.8%
PED






Frank C. Ingriselli
Chairman & President


Dr. Simon Kukes
Chief Executive Officer


Gregory L. Overholtzer
Chief Financial Officer
Clark R. Moore
Executive Vice President, Secretary & General Counsel
Address
4125 Blackhawk Plaza Cir Ste 201
Danville, California
94506-4678
United States
www.pacificenergydevelopment.com


And Dr. Simon Kukes is a very big fish.