Pedevco Corp. (PED)

[atomised]

the presentation is still there, hidden though:
http://cdn.irdirect.net/IR/480/1520/2016.01.18%20PED%20Noble%20Conference%20vFINAL.pdf

They are going to put up a new one soon - based on the reply from their IR.

The acquisition of Condor costed $693,000
Condor owned approximately 2,340 net leasehold acres, 100% HBP, located in Weld and Morgan Counties, Colorado, with four operated, producing wells.

In February 2015, the Company and PEDCO entered into a Settlement Agreement with MIEJ and issued a new promissory note in the amount of $4.925 million to MIEJ (the “NEW MIEJ Note”). The Settlement Agreement related to the February 2015 disposition of the Company’s interest in Condor Energy Technology, LLC, a joint venture previously owned 20% by the Company and 80% by MIEJ. As of June 25, 2018, the principal amount outstanding under the MIEJ Note was $4,925,000 with accrued interest of $1,718,000.

As described above, on June 25, 2018, the Company entered into Repayment Agreements, with various parties, including MIEJ, pursuant to which the Company retired all of the then outstanding MIEJ debt in exchange for an aggregate of $320,000 in cash. As described above, pursuant to the Repayment Agreements, the note holders also agreed to forgive all amounts owed under the terms of the Junior Notes, as applicable, other than the amounts paid. The gain recorded in the three and six months ending June 30, 2018 on the settlement of the MIEJ debt was $6,323,000.

The interest expense related to this note for the three and nine months ended September 30, 2018 and 2017 was $-0-compared to $123,000 and $241,000 compared to $369,000, respectively, with the total cumulative interest equal to $1,718,000 through June 25, 2018 and September 30, 2018.