secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001654954-23-006585
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO Q1 2023: revenue $8.2M (+15%), net income $1.8M, zero debt, production 1,428 BOEPD
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- Revenue of $8.2M, up 15% from Q1 2022; net income $1.8M ($0.02 EPS) vs $1.3M in prior year.
- Adjusted EBITDA $4.9M, up 28% YoY; cash and equivalents $17.7M (incl. $3.55M restricted), zero debt.
- Production averaged 1,428 BOEPD (80.4% oil); realized oil price $72.19/bbl.
- Plans to drill 4 operated horizontal Niobrara wells (70% WI) in late 2023/early 2024 and participate in 7 non-operated wells (18% WI) in H2 2023.
- Operating expenses $6.5M, up 12% YoY; LOE $2.5M, DD&A $2.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495423006585/0001654954-23-006585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495423006585/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-006585

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