Pedevco Corp. · AMEX:PED
Pedevco — Noble Financial Capital Markets Equity Conference (January 2016)
20 slides from Pedevco's conference presentation, Jan 15, 2016
Slide 1: PEDEVCO Corp. Noble Financial Capital Markets Equity Conference Presentation
PEDEVCO CORP. (PACIFIC ENERGY DEVELOPMENT) NYSE MKT: PED Noble Financial Capital Markets Equity Conference Presentation January 18, 2016
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains foward looking statements wlthin he meaning ofthe Private Secures Ligation Reform Act of ne Seales Act of 198s cna re Sct 21 off Secale Eten At of 199: cs mended. Tes ur properties, our slimates of requted coptal expenciives ond our industry. You con (
Slide 3: The Company
THE COMPANY Developing operated oil & gas assets in the Denver-Julesburg Basin (“D-J Basin”) 3 ab, da Bolchane Kr. fd , Ticker Assets Headquarters Operating Subsidiary Field & Zones NYSE MKT: PED ~19,000 net acres 53 gross wells 14 gross operated wells Danville, CA (Corporate) Houston, TX {Technical
Slide 4: A History of Continuous Growth
AHISTORY OF CONTINUOUS GROWTH FOUNDED NYSE LISTING SOUNDED 2013SEP 9015 JAN PUBLICLISTING ,BEMIE, — Srnauncesipoa Soden FEB/APR 2012 JUL fedittgnisomeh "toons we reundedonphvcte aca opi SSmanecnces ——onpanyfore Geet, icindae 2012 MAY Acqurea white Howe 2015 DEC rious, Amponces oromer ‘omogouhcont ae
Slide 5: PEDEVCO Management Team
PEDEVCO MANAGEMENT TEAM Choirman, CEO Clark Moore EVP & General Counsel Operations Past President of Texaco Technology Ventures Past founder and CEO of CAMAC Eneray Past CEO of iman Pechora Company Led team that established the fist successful Chinese oll contract by a foreian entity Pas! Lead in-ho
Slide 6: Technical/Operating Experts
TECHNICAL/OPERATING EXPERTS Michael Rozenfeld VP of Geosciences Kris Johnson VP of Operations Hakim Benhammou Manager, Exploration & Production Richard Wilde Manager, Operations (} 2016 °EDEVCO Corp. + Co-Founder of South Texas Reservoir Alliance + Former Lead Reservoir Engineer and Petrophysicist a
Slide 7: Board of Directors
BOARD OF DIRECTORS el EO of Pacific Energy Devel it (NYSE: PED) ‘Chaiman, CEO David C. Crikelair Director Elizabeth P. Smith David Steinberg Director + Founder and former President and CEO of CAMAC Energy + President of Texaco Intemational + President of Texaco Technology Ventures CEO of Timan Pecho
Slide 8: PED's Prime Location in D-J Basin
PED’S PRIME LOCATION IN D-J BASIN Acreage in the heart of Wattenberg, Wattenberg Extension & Colorado Mineral Belt Morgan County == eae Energy
Slide 9: Well Costs Continue to Decrease
WELL COSTS CONTINUE TO DECREASE Significant reductions in well costs realized since late 2014 /early 2015 in D-J Basin $ in millions Length of Lateral Name Short Long Bill Barrett BBG - $5.6 etheek Bonanza Creek!) BCE! $2.7 - + Carrizo cRZO $2.8 - e"etiggy Noble Energy NBL $3.0 - ()Pfeor | PDC Energ
Slide 10: D-J Basin Economics Remain Resilient
D-J BASIN ECONOMICS REMAIN RESILIENT PED’s assets in Colorado provide attractive returns especially relative to other basins Intra Rate of Retr 0) som PED near-term development contemplates driling XRL wells rep Aetiep one eze Yh re mo lisey ex Energy
Slide 11: Summary of Proposed Transactions
SUMMARY OF PROPOSED TRANSACTIONS On December 30, 2015, the Company announced the following transactions: 1. Termination of Dome Merger 2. Entry into Merger Agreement with GOM Holdings, LLC Terminated due to the continued downturn in oll prices and challenging market environment GOM Holdings merger m
Slide 12: Merger with GOM Holdings
MERGER WITH GOM HOLDINGS Proposed Transaction PED to acquire (via wholly-owned acquisition sub) 100% of GOM Holdings, LLC in exchange for the following: Security Consideration PED Common Stock 1.6 million shares PED Series B Convertible Stock 698k shares (convertible to common on 1,000:1) $125 milli
Slide 13: Merger Accretive to PED Shareholders
MERGER ACCRETIVE TO PED SHAREHOLDERS Valuation Considerations Boepd() PY Vot IF $1000: Mm shi joep: ($mm)® s im shares 100% 5% 112 Avg. (14%) PED = 8.4% 90% GOM = 91.6% Pass value for PED shareholders 85% 20% Production, Reserve Value Monthly EBITDA Common Shares Pacific Eneray PEDEVCO Corp Fane
Slide 14: GOM Holdings' Assets
GOM HOLDINGS’ ASSETS Ne ‘term, low risk Development Projects Description Total Capex Incremental Production (Boepd) Incremental Monthly Net Revenuel?) Payback Period (Months) SOM Moca extrates (i dasomes Sepelorond te lmesest 4 Coprticnt (cs 2016 PEDEVCO Cor, Project #1 in shallow offshore assets Pr
Slide 15: Key Statistics (Post Merger)
KEY STATISTICS (Post Merger) Market Capt) $195 mm Proved Reserves by Location Less: Cash’?! 1mm Plus: Debt 175mm Plus: Preferred Equity n/a Enterprise Value $368 mm ®Colorado ® Gulf (TX, LA) ® California Proved Reserves(°) 38.8 Mmboe PV-10 of Proved Reserves‘) ~$541 million Proved Reserves by Produc
Slide 16: The Company (Post Merger)
THE COMPANY (Post Merger) Developing diverse oil & gas assets across the United States Ticker: PED (NYSE MKT) HQ: Danville, CA COLORADO CALIFORNIA © GULF OF MEXICO. (Louisiana & Texas) ex Energy
Slide 17: Rationale for Merger with GOM Holdings
RATIONALE FOR MERGER WITH GOM HOLDINGS Asset Scale & Diversification Ability to Restructure Debt and Access Capital Increase Asset Base and Cash Flow Seasoned Complementary Teams
Slide 18: Company Strategy
COMPANY STRATEGY + Acquisition of GOM Holdings Acquire Premier Assets imi: + Reduce cost of + Generate Maximize RESHUChIG! strong returns Shareholder debt to execute Value Debt long-term strategic plan + Reduce D&c, + Drill highest Strategically Oo} perating and SUE Allocate Capital fy Reduce Costs
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS Assets in Low Cost, High Return Locations Growth Potential Access to Infrastructure Experienced Management & Board Restructuring of Debt Increases Access to Capital Existing onshore and offshore drilling locations with attractive economics at current prices ~1,000 gross drillin
Slide 20: Contact Information
CONTACT INFORMATION CORPORATE HEADQUARTERS 4125 Blackhawk Plaza Circle, Suite 201 anville, CA 94506 Tel: 855-PEDEVCO / 925-271-9314 contact@pacificenergydevelopment.com Corporate website: www.PacificEnergyDevelopment.com in ic Energy
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