Pedevco Corp. (PED)

[Genya90]

Mr. Schick: I think right now is a great time to look at PEDEVCO because the entire energy sector is out of favor, undervalued, and poised for a rebound. If you want to invest in the sector, you want to look for a company with a sustainable business model, quality assets that are going to be able to generate good cash flow long into the future, strong capital support, and no debt. PEDEVCO is that company. We have over 150 drilling locations in two of our Permian fields and potentially another 50 or more in another Permian field, plus another 100 or more drilling locations in Colorado. We have a very large inventory of high rate of return projects, zero debt and strong capital backing. Neither we nor any other oil companies are getting any appreciation right now, so it is a good time to buy oil companies at very low valuations.