PEDEVCO Business Summary

PEDEVCO Corp. (NYSE American: PED) is an independent energy company primarily engaged in the acquisition, exploration, and production of oil and natural gas assets in the United States. The company’s revenue model is driven by the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from its two core business segments: the Permian Basin in New Mexico and the D-J Basin in Colorado. PEDEVCO focuses on high-working-interest positions in unconventional resource plays, leveraging horizontal drilling and multi-stage hydraulic fracturing to optimize asset value. Within the small-cap E&P sector, the company competes directly with firms such as Ring Energy, Inc., SandRidge Energy, and Vital Energy. PEDEVCO distinguishes itself from these peers by maintaining a lean, debt-free capital structure and a strategy focused on organic growth through the development of its existing acreage rather than aggressive, debt-fueled acquisitions. The company is led by Chairman and CEO Simon G. Kukes, a veteran oil executive with a distinguished pedigree, having previously served as the CEO of Tyumen Oil Company (TNK) and Yukos Oil Company. Dr. Kukes is supported by President J. Douglas Schick, who brings significant operational and financial experience from his time at American Pacific Resources and Newfield Exploration. The leadership team also includes Clark R. Moore, Executive Vice President and General Counsel, who manages the company’s legal and regulatory frameworks. A defining characteristic of PEDEVCO’s governance is its high level of insider ownership, largely through Dr. Kukes’ investment vehicle, SK Energy Resources, LLC. This concentrated ownership, combined with a board of directors featuring industry experts like John J. Zhabilov, ensures a strategic focus on long-term shareholder value and operational efficiency.