PEDEVCO gets Colorado ECMC approval for 11-well D-J Basin development; drilling Q2 2024

PEDEVCO CORP

ECMC approved Roth 2-11 OGDP covering 2,560 acres for up to 11 horizontal Niobrara wells in Weld County, CO on Jan 31, 2024.
Drilling operations to commence in Q2 2024; initial production expected in second half of 2024.
Multi-well pad directly offsets recently successful non-operated development in the D-J Basin.

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