Pedevco Corp. (PED)

[RyGuy]

What is $PED acreage worth? Pedevco owns:
41,700 Permian Acres
12,000 DJ Basin Acres

715 boe/d - legacy wells
800 boe/d - new wells estimate
410 boe/d - their 5% interest
1,925 boe/d - total current estimate
@$100 oil
$192,500 Day
$17,517,500 Qtr
$70,070,00 Yr

+1392 boe/d from 3rd qtr project
Q3- 3,317 boe/d potentially
@ $100 oil
$331,700 Day
$30,184.7000 Qtr
$120,738,800 Yr

$4,000 per acre = $2.51 share price
$5,000 per acre = $3.14 share price
$7,500 per acre = $4.71 share price
$10,000 per acre = $6.28 share price
$12,500 per acre = $7.85 share price
$15,000 per acre = $9.42 share price

7/5/22
Ring Energy acquires Stronghold
https://news.yahoo.com/ring-energy-acquire-stronghold-465-084500801.html
$465,000,000 Purchase
37,000 Acres
$12,568 Per Acre

6/27/22
https://www.businesswire.com/news/home/20220626005095/en/Sitio-Royalties-Announces-Highly-Accretive-Permian-Basin-Acquisitions
Sitio Royalties bought Quantum
$323,000,000
19,700 Acres
$16,396 per Acre
Sitio Royalties bought Momentum Minerals
$224,000,000
12,200 Acres
$18,361 per Acre