Slide 1: Investor Presentation
Investor Presentation NYSE American: PED | March 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These for
Slide 3: PEDEVCO Investment Highlights
PEDEVCO Investment Highlights Merger created ~6,500+ Boe/d producer with 32 MMBoe proved Transformational Scale reserves across >310K+ net acres Rockies focused DJ Basin + Powder River Basin with additional High-Quality Assets production and acreage in the Permian basin, and ~88% liquids and multi-d
Slide 4: PED At-a-Glance
PED At-a-Glance >10 years inventory runway ~13.3MM ~6,400-6,500 Boe/d Shares Outstanding (post-split) Net Production: Merger time production ~88% >310K ~7,700 Boe/d Liquids Commodity Mix Net Acres 2025 Exit Rate ~$84MM ~1.3x 32.1 MMBoe Net Debt (YE 2025) Net Debt/EBITDA Proved Reserves $357.7MM ~$26
Slide 5: Premier Rockies Asset Base with Permian Optionality
Premier Rockies Asset Base with Permian Optionality DJ Basin (WY + Northern CO) Powder River Basin (WY) Permian Basin (NM) PED DJ Acreage Juniper PRB Acreage PED Permian Acreage Juniper DJ Acreage PRB Offset Operators Locations DJ Offset Operators WY NE WY CO • ~100K net acres • ~204K net acres • ~1
Slide 6: Reserves & Valuation Summary
Reserves & Valuation Summary Total Proved Reserves SEC Pricing 32.12 MMBoe $65.34/bbl $3.387/MMBtu Oil Gas 28.78 Bcf 22.99 MMBbl R/P Ratio 4.34 MMBbl ~10+ years at current production Oil Gas NGL PV-10 PV-10/Share (post-split) PUD ~$26.90 vs. current stock price — significant $100.3MM discount to res
Slide 7: Inventory Depth & Well Economics
Inventory Depth & Well Economics Total Identified Inventory • Deep inventory targeting multiple benches with breakeven sub $50/bbl >1,100 Play Formation Breakeven Oil Price ($/bbl)(1) Gross Locations DJ Basin Niobrara, Codell <$49 Powder Basin Sussex, Turner <$32 516 Permian Basin San Andres <$45 45
Slide 8: The Juniper Merger – Transformational Value Creation
The Juniper Merger – Transformational Value Creation Oil & Gas Production Proved Reserves Boe/d MMBoe +78% ~32 +5x ~6,500 ~18 ~1,500 Pre-Merger (Oct-25) Post-Merger (FY 2026 Forecast) Pre-Merger (Oct-25) Post-Merger (FY 2026 Forecast) Wells brought online in Q4 New equity capital committed at New RB
Slide 9: Pro Forma Financial Summary
Pro Forma Financial Summary Revenue Adjusted EBITDA $101.4MM ~$84MM $60MM - $70MM Net Debt(2) $39.6MM FY 2026 Forecast Based on avg oil price of $65/bbl & avg gas price of $3.50/Mscf Pre-merger (FY 2024) Pro forma LOE/Boe(1) Enterprise Value/EBITDA ~1.3x Legacy PED $10.36 Net Debt/Pro Forma 3x – 4x
Slide 10: Cost Optimization & Synergy Realization
Cost Optimization & Synergy Realization(1) G&A Synergies LOE Optimization Timeline Impact ~$11-12MM ~$800M-$1MM G&A Synergies underway ~$3.50 Combined standalone Target savings per month LOE Optimization projects G&A/BOE reduction underway Savings through ~$8-9MM • Pump Conversions – lift Substantia
Slide 11: Recent Well Results & Operational Highlights
• 2025 development program is being realized in 2026 • 31 of 32 wells in progress at merger close are now online, development program exceeding expectations Recent Well Results & • Q1 2026 expected to be peak production quarter for 2026 (flush production from new wells) Operational • Non-operated DJ
Slide 12: Rockies Consolidation Opportunity
Rockies Consolidation Opportunity(1) Rockies Asset Map PRB D-J Basin Net Acres: ~204,000 • Rocky Mountain basins remain highly fragmented with Powder River Total Net Prod. PED Acreage ~0.8 Mboepd* numerous small private operators • PED operational scale, RBL capacity, and public currency create comp
Slide 13: Near-Term Catalysts for Value Realization
Near-Term Catalysts for Value Realization 1Q26 2Q26 – 4Q26 REVERSE STOCK SPLIT DEVELOPMENT PROGRAM Cleaner per-share metrics, broader 2025 development program is being realized in 2026 institutional eligibility MERGER SYNERGIES EARNINGS RELEASE G&A and LOE savings flowing through H1 2026 First full
Slide 14: Investment Summary — Why PED
Investment Summary — Why PED Scale ~6,500+ Boe/d, 32 MMBoe proved reserves, $358MM PV-10 Quality 88% liquids, DJ Basin + PRB + Permian, multi-decade inventory Discipline Debt paydown first, LOE optimization underway, conservative CapEx Alignment 85%+ insider ownership; management economics = shareho
Slide 15: Appendix
Appendix PEDE\/CO
Slide 16: Aligned Management Team with Strong Industry Track Record
Aligned Management Team with Strong Industry Track Record J. Douglas Schick R.T. Dukes Jody Crook Robert Long PEDEVCO President & CEO Chief Operating Officer Chief Commercial Officer Chief Financial Officer • Over 25 years Oil & Gas industry experience • Over 25 years Oil & Gas industry experience •
Slide 17: Board of Directors
Board of Directors J. Douglas Schick Josh Schmidt Edward Geiser PED President & CEO Chairman Juniper Director Director Juniper Director John K. Howie Martyn Willsher Kristel Franklin Independent Director Independent Director Independent Director Overview • Current six-member Board of Directors: PEDE
Slide 18: PEDEVCO
PEDEV\/CO