PEDEVCO acquires 5,678 Wyoming net acres for $5.9M, nearly doubling Mowry position

PEDEVCO CORP

Acquired ~5,678 net acres in BLM Wyoming lease sale for ~$5.9M ($1,045/net acre), funded with cash on hand.
Expands Mowry Shale holdings in Powder River Basin to ~12,000 net acres; 10-year lease terms and 12.5% royalty.
Nearby horizontal Mowry wells averaged ~1,400 Boe/d peak month, supporting development potential.
CEO Schick cites strategic fit, disciplined cost basis, and flexibility for a scalable drilling program.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.