Pedevco Corp. (PED)

[verdiking]

Sounds like ...

It is going to be a while before it is really in the field generating REVENUE!

During the coming week, the Company intends to complete the connection of the abrasive fluid system into the coiled tubing and the computer control wiring to the coiled tubing injector and well head control systems. (Lets says this is done by this during the coming week Feb 14 - 21)Then, a series of tests are planned to demonstrate the rig's casing and rock cutting capabilities in a down-hole, water filled environment. Photographs of the results from these tests will also be posted to the Company's website. ( Lets say this is another week Feb 15 - 22)

Following these demonstrations and with the rig fully operational, Blast plans to spend a period of time training its operating and maintenance personnel in running the rig both in the construction yard in Fort Worth and out in the field at the company's first job in Louisiana ( Week in Ft Worth Feb 23 - Mar 1 and week to move and setup at first job Mar 2- 8)

So hopefully by March 8 some REVENUE may finally start from this rig if all goes well. My bet is on end of March first work done in field.

Have a Blast of a day!