Paul Pinkston
in connection with Mr. Pinkston’s June 23, 2026 termination of employment with the Company.
Highest-materiality recent filing
Paul Pinkston's employment terminated June 23, 2026; separation agreement signed July 15, 2026.
PEDEVCO Chief Accounting Officer Paul Pinkston steps down effective June 23, 2026
Paul Pinkston and PEDEVCO mutually agreed to his departure as CAO and termination of employment, effective June 23, 2026.
PEDEVCO grants 96,630 RSUs and 38,320 target PBRSUs to officers and employees
CEO J. Douglas Schick received 22,830 RSUs and 15,220 target PBRSUs (max 30,440).
PEDEVCO increases credit facility borrowing base to $125M from $120M, effective May 19, 2026
Borrowing base and elected commitment raised to $125M under Third Amendment to Credit Agreement.
PEDEVCO Q1 revenue $40.2M (+360% YoY); net loss $25.6M; Adj EBITDA $21.5M (+404%)
Average daily production 8,091 Boe/d (+374% YoY, +52% QoQ); revenue $40.2M (+360% YoY).
EBITDAX add-back cap raised to greater of $6M or 5% of $120M borrowing base; Juniper Oct 2025 EBITDAX added for Q4 2025 tests.
PEDEVCO Q4 production jumps 143% to 5,310 Boe/d on Juniper merger; net loss $8.5M
Q4 average daily production 5,310 Boe/d (+143% YoY); revenue $23.1M (+118%).
PEDEVCO posts updated investor presentation; no specific financial data or guidance disclosed
Company published an updated investor presentation on its website (www.pedevco.com) dated March 20, 2026.
PEDEVCO reports preliminary Q4 2025 revenue $22.5-23.5M, nearly doubling YoY after Juniper merger
Q4 2025 average daily production 5.0-5.5 Mboe/d (+~141% YoY); full-year 2025 production 2.4-2.5 Mboe/d.
PEDEVCO announces 1-for-20 reverse stock split effective March 13, 2026
Reverse split at 1-for-20 ratio; shares to reduce from ~266M to ~13.3M.
PEDEVCO announces 1-for-20 reverse stock split effective March 13, 2026
Ratio 1-for-20; effective 12:01 AM ET on March 13, 2026; ticker PED unchanged.
PEDEVCO control shifts to Edward Geiser after preferred conversion; board expanded to six
On Feb 27, 2026, 106.5M shares issued to Century/North Peak and 63.6M to PIPE investors upon automatic conversion of Series A Preferred.
PEDEVCO reports year-end 2025 proved reserves of 32.1 MMBoe with PV-10 of $357.7 million
Total proved reserves: 22.99 MMBbl oil, 28.78 Bcf gas, 4.34 MMBbl NGLs (32.12 MMBoe).
PEDEVCO borrows additional $5M under A&R Credit Agreement for operations
On Feb 5, 2026, PEDEVCO drew $5M under its $120M borrowing base credit facility.
PEDEVCO awards $730K in cash bonuses to six officers; raises CAO salary to $175K
CEO J. Douglas Schick receives $170K cash bonus; Executive VP Clark R. Moore $131K; CCO Jody Crook $125K; COO R.T. Dukes $135K; CFO Bobby Long $126K; CAO Paul Pinkston $43K.
PEDEVCO amends Form 8-K to restate North Peak financials in searchable text format; no new data
Amendment solely changes format of previously filed North Peak financials to comply with Rule 304(e) of Regulation S-T.
PEDEVCO borrows additional $6M under existing $120M credit facility for well operations
Borrowed $6M on Jan 8, 2026, under the A&R Credit Agreement (initial borrowing base $120M, max $250M).
PEDEVCO completes North Peak merger; pro forma net income $13M for 9 months
Total consideration ~$179.9M: 10.65M Series A Convertible Preferred ($64.2M) plus $115.7M cash to settle North Peak debt.
PEDEVCO Q3 2025 net loss $325K; revenue down 23% YoY to $7.0M
Production averaged 1,471 BOEPD (84% liquids), down 13% from Q3 2024.
Issued 10.65M Series A preferred shares to acquire North Peak and Century Oil & Gas, convertible into 106.5M common shares.
PEDEVCO restates FY2024 financials; net income overstated by $5.5M due to tax error
Tax benefit and deferred income tax account overstated by ~$5.5M for FY2024.
PEDEVCO grants restricted stock to three directors; shareholders reelect all five nominees
200k shares to John Scelfo (vest July 12, 2026); 200k to Simon Kukes (vest Jan 1, 2026); 140k to H. Douglas Evans (vest Sep 27, 2026).
PEDEVCO Q2 2025 net loss $1.7M, revenue down 41% to $7.0M as production falls 25%
Net loss of $1.7M ($0.02 per share) vs net income of $2.7M in Q2 2024; adjusted EBITDA $3.0M, down 58% from $7.4M.
PEDEVCO dismisses Marcum LLP, engages Weaver and Tidwell, appoints John K. Howie to board
On July 1, 2025, PEDEVCO dismissed Marcum LLP as independent auditor; prior reports had no adverse opinions.
PEDEVCO posts updated investor presentation; no material new financials disclosed
Updated company presentation published on May 20, 2025 on website at www.pedevco.com.
PEDEVCO Q1 2025 net income $0.1M ($0.00/share); production up 15% to 1,707 BOEPD
Q1 2025 net income $0.1M vs $0.8M in Q1 2024; operating income $0.15M, down 76% YoY.
PEDEVCO restates FY2022 & FY2023 financials; depletion error overstated expense by ~$2.65M
Audit Committee concluded prior audited FY2022 and FY2023 financials should no longer be relied upon due to depletion-expense accounting errors.
PEDEVCO reports FY2024 net income $17.8M ($0.20/shr) vs $1.7M; production up 29%
Production averaged 1,835 BOEPD (73% oil), up 29% from 2023; revenue $39.6M (+28%).
PEDEVCO drills 4 new horizontal wells in Permian Basin Chaveroo Field; first production mid-Q2 2025
Four gross (two net) horizontal San Andres wells drilled on time and under budget at core Chaveroo Field in Permian Basin.
PEDEVCO Enters Joint Development Agreement for D-J Basin DSUs with Large PE-Backed Operator
Operator pays ~$1.7M to PEDEVCO; PED submits spacing amendments to ECMC to increase DSUs from ~1,280 to ~1,600 acres.
PEDEVCO posts updated corporate presentation and 2024 reserve report
Published updated company presentation on its website on February 4, 2025.
PEDEVCO grants 1.84M restricted shares and 464K options; approves cash bonuses for officers
Aggregate of 1,844,118 restricted shares and options for 464,000 shares at $0.85 exercise price granted under 2021 Equity Incentive Plan.
PEDEVCO enters $8M ATM equity sales agreement with Roth Capital and A.G.P.
Up to $8M of common stock may be sold at market prices through Roth Capital as lead agent.
PEDEVCO appoints Schick as CEO, Kukes becomes Exec Chairman; Crook named CCO
Dr. Simon G. Kukes steps down as CEO effective Jan 1, 2025, becomes Executive Chairman.
PEDEVCO Q3 net income $2.9M; revenue up 23% to $9.1M; production 1,698 BOEPD
Net income $2.9M ($0.03 EPS) vs $0.9M ($0.01 EPS) in Q3 2023.
PEDEVCO enters 5-year participation agreement to develop 10,750 acres in D-J Basin
PEDEVCO will hold 30% interest in ~16,900 gross acre AMI; Operator holds 70%.
PEDEVCO closes $250M RBL facility with Citibank, initial borrowing base $20M
$250M max revolving credit; initial $20M borrowing base; 4-year maturity.
PEDEVCO shareholders approve 5M share increase to equity plan; grants restricted stock to directors
Shareholders approved First Amendment raising 2021 Equity Plan share pool from 8M to 13M shares.
PEDEVCO Q2 2024 production rises to 2,010 BOEPD, net income up 69% YoY to $2.7M
Q2 2024 production averaged 2,010 BOEPD (87% liquids), up from 1,660 BOEPD in Q2 2023.
PEDEVCO Q1 net income falls to $0.8M; production rises to 1,478 BOEPD
Net income $0.8M ($0.01/sh) vs $1.8M ($0.02/sh) in Q1 2023; revenue $8.12M, down 1%.
PEDEVCO reports three new San Andres wells in Permian with peak 300-375 BOEPD each
Three horizontal San Andres wells drilled Q4 2023, completed Jan 2024; first production late Jan/early Feb 2024.
PEDEVCO reports 2023 production up 43% YoY to 1,427 BOEPD; net income $0.3M vs $2.8M
Revenue $31M (+2% YoY); adjusted EBITDA $17.5M (+8%); zero debt; cash $20.7M.
PEDEVCO gets Colorado ECMC approval for 11-well D-J Basin development; drilling Q2 2024
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.
PEDEVCO grants 2.105M restricted shares and 460K options to executives; salaries increased 5%
CEO Kukes receives 550,000 restricted shares; President Schick 525,000; EVP Moore 450,000; CAO Pinkston 250,000; all vest over 3 years.
PEDEVCO updates corporate presentation and files year-end 2023 reserve report
Published updated company presentation on January 18, 2024; no financial results or guidance disclosed.
Sold non-core legacy vertical Milnesand and Sawyer Fields for ~$1.12M consideration, reducing estimated P&A liabilities by over $3.2M.
PEDEVCO restates Q2 2023 financials due to revenue overstatement from third-party operator errors
Audit Committee determined Q2 2023 10-Q should no longer be relied upon due to accounting errors.
PEDEVCO farms out 50% WI in Chaveroo field to Evolution for $401,733 initial payment
Initial payment of $401,733 for 50% working interest in first two Development Blocks covering 9 drilling locations on ~16,000 acres.
PEDEVCO shareholders re-elect three directors and approve auditor; board grants restricted shares
Directors Scelfo, Kukes, Evans re-elected with >64M votes each; broker non-votes 694,072.
PEDEVCO Q2 2023 net income $3.6M; production doubles to 2,006 BOEPD
Revenue $10.9M (+14% YoY); net income $3.6M ($0.04/sh) vs $3.2M in Q2 2022.
in connection with Mr. Pinkston’s June 23, 2026 termination of employment with the Company.
mutually agreed with Mr. Paul Pinkston that he step down from the position of Chief Accounting Officer of, and to terminate his employment with, the Company.
Max materiality 0.95 · Median 0.60 · Most common event other_material