Pedevco Corp. (PED)

[verdiking]

Wild Calculations

400 Barrels/Day -X 50% = 200 Barrels/Day

200 X $40 = $8000/day $40 is net per barrel after production cost, taxes and depletion.

8000 X 360 = 2,880,000/Year

2,880,000 X .3 = 864,000/Year for Loan 30% of earnings.

2,880,000 X .7 = 2,016,000/year for Blast

Was there not something like 12 other wells - 2,016,000 X 13 = 26.2 Million!

26.2 X .50 for taxes G&A = 13,100,000 / 80,000,000 = .16 a share profit

.16 X 15PE = 2.46 a share, I would be happy with that!

But there are so many unknowns, oil prices, is there a overriding royality on the wells, how fast the well production rate decreases, does the 30% loan payments go for first well or all, and other oil accounting procedures. I have other small oil companies stocks and and it seems that back of the envelope calculations always come out to be higher the what is reported.