Pedevco Corp. (PED)

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In the 10K...Blast confirms that the AFJ stimulation process is fully developed for commercial use...

"Management believes we have successfully commercialized the AFJ technology. We currently have several active customers for our AFJ rig, including Reliance Oil & Gas, Pantera Energy and Resource Energy Technologies. Thus far our customers are small private oil and gas companies with lease ownership interests in Texas and Kentucky. Our sales and marketing team is very active in prospecting for new customers, including a potential new client, which is a major public energy company with operations in Kern County, California. We are also actively pursuing joint ventures and alliances in this market niche.

The use of the AFJ process in the existing energy business is very small but has the potential for explosive growth. The vast majority of the approximate 2.5 million wells drilled in the U.S. since 1949 are either shut-in or are producing far below their productive capacity. "

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