Pedevco Corp. (PED)

[verdiking]

Questions Questions Questions

As normal with this company it is hard to tie thier press releases and 10Qs together. The agreement with RET was for 3 wells for $50,000 then they could chose to do 100 wells on a split the output increase deal. Was the 3 wells for $50,000 done? The $20,000 of drilling rev in Q1 was for 1 well. Did they change the agreement to 1 well for $20,000. Was the 3 well done in April? Or was the 3 wells dropped all together?

Reliance - On press release 2/17 had a new 7 well project followed by an 18 well project. Where do these projects stand? It seems like we always hear about a 5 well deal then we drill only 2 wells, this happened several times last year.

I wish that you could tie the press releases with the 10Qs.