PEDEVCO enters 5-year participation agreement to develop 10,750 acres in D-J Basin

PEDEVCO CORP

PEDEVCO will hold 30% interest in ~16,900 gross acre AMI; Operator holds 70%.
Minimum 5 horizontal Niobrara wells per year for 5 years in SW Pony Prospect, Weld County, CO.
Acquired ~27.9% working interest in 6 new wells drilled Q3 2024, adding immediate production.
AMI covers ~16% of PEDEVCO's D-J Basin acreage; excludes existing permitted operated acreage.
Operator is a large private equity-backed D-J Basin E&P company with extensive experience.

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