secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001654954-23-010780
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO Q2 2023 net income $3.6M; production doubles to 2,006 BOEPD
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- Revenue $10.9M (+14% YoY); net income $3.6M ($0.04/sh) vs $3.2M in Q2 2022.
- Average production 2,006 BOEPD (75.5% oil), up from 1,085 BOEPD in Q2 2022.
- Adjusted EBITDA $7.4M, up 23% from $6.0M; cash $16.0M, zero debt.
- Elected to participate in 7 additional non-operated Niobrara wells at ~$7.8M net cost.
- Planning 4 operated horizontal Niobrara wells in D-J Basin, drilling expected late 2023/early 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495423010780/0001654954-23-010780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495423010780/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010780

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