Pedevco Corp. (PED)

[Flatsixer]

BAMA...I can answer these quickly...

". Blast had a operating loss of something like $460K in the quarterley I read. So my question about burn is how do they survive the month of May?"

Blast has paid expenses on the rig, additional development, etc. The "burn rate" is the necessary $$$ to cover monthly expenses. Blast is fine for now and they have cash coming. I notice that you make no reference to the lawsuit awards which are structured so as to essentially provide a backstop cash flow.

Is the rig mothballed and the crew firedd?"

No, the crew is intact, the rig is operating. You mentioned Sclumberger in your message with respect...the rig boss for the AFJ rig is a former longtime employee of Schlumberger that Blast hired away from them.

And, BTW...The Blast technology hasn't even been tried in CBM operations because of poor economics so it isn't something your wells would be suitable for anyway, correct?

More later.

Flatsixer