Pedevco Corp. (PED)

[verdiking]

From Pacific Energy Development web site.

www.PacificEnergyDevelopment.com


Mr Ingriselli has started another company.

In 2005, Mr. Ingriselli and a group of former Texaco and oil company executives founded Pacific Asia Petroleum. Pacific Asia Petroleum went public in 2007 and began trading on the NYSE Amex exchange under the ticker symbol "PAP" in 2009. In early 2010, Pacific Asia Petroleum expanded outside Asia by acquiring an interest in a producing asset in deepwater Nigeria. In connection with this acquisition, Pacific Asia Petroleum changed its name to CAMAC Energy Inc. and continues to trade on the NYSE Amex exchange under the ticker symbol “CAK”. Mr. Ingriselli retired from CAMAC Energy as its President and CEO in August 2010.

CAK is a company with 50 Million in Rev and a market cap of 150 Million.

In February 2011, Mr. Ingriselli founded Pacific Energy Development Corp. , a new energy company founded with the goal of building a successful business based on a forward vision, sound business plans, and high ethical standards. Our objective is to assemble a strategic portfolio of high growth, high return energy ventures in Pacific Rim countries, and to develop and commercialize these projects while maximizing returns. Our initial focus includes shale oil and gas exploration, development, and production in the United States and rare earth manufacturing in China.