Replies to post #5193 on Pedevco Corp. (PED)

[I-Man]

News Release just out. Drilling to commensurate..


Pacific Energy Development Announces Spud of Initial Wells in New Permian Basin Asset
December 17, 2018


HOUSTON, TX / ACCESSWIRE / December 17, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") announced today that it has spud its initial two wells in the Company's recently acquired Permian Basin Asset ahead of schedule with the first well spud on December 1, 2018, and the second well spud on December 16, 2018. These two wells are the first two of four initial wells planned to be drilled in December 2018 on this asset as part of the Company's anticipated 16 well program through 2019. The Company currently has two drilling rigs contracted to drill these initial four wells. Once drilled, the Company plans to promptly commence completion operations during January and February 2019, with initial results expected following completion and flow testing in late Q1 2019.