secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001654954-24-012550
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424012550/0001654954-24-012550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424012550/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012550

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