secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001654954-24-004707
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO reports three new San Andres wells in Permian with peak 300-375 BOEPD each
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- Three horizontal San Andres wells drilled Q4 2023, completed Jan 2024; first production late Jan/early Feb 2024.
- All three wells peaked at ~300-375 gross BOEPD per well (~80% oil) in late February.
- Current average production over last 30 days exceeds 750 BOEPD gross, with shallower-than-expected declines.
- Partner Evolution Petroleum farmed-in for 50% WI in these wells; next development phase being planned.
- Agreement covers ~16,000 gross acres in Chaveroo Field, New Mexico; PEDEVCO remains operator.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424004707/0001654954-24-004707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424004707/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004707

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