Blueprint
PEDEVCO Awarded “Best Independent Company in North America
– 2019”
by World Finance Oil and Gas Awards
HOUSTON,
TX January 27, 2020 – PEDEVCO Corp. (NYSE American: PED)
(“PEDEVCO” or the “Company”) announced
today that it has been awarded the "Best Independent Company -
North America - 2019" by World Finance Magazine Oil and Gas Awards.
This prestigious award recognizes PEDEVCO’s innovation and
accomplishments as an independent North American oil and gas
company.
J. Douglas Schick, President of the Company, commented, "We are
honored to receive this award which recognizes PEDEVCO’s
independent spirit and is a testament to the hard work and
dedication of all of our employees, further validating our
forward-thinking business model of developing conventional assets
using unconventional new and emerging technologies. This past year
was filled with significant accomplishments including accretive
acquisitions of producing assets adjacent to PEDEVCO in the San
Andres play of the Permian Basin, multiple private offerings and
debt conversions to strengthen the balance sheet and a successful
drilling program that significantly increased production and
producing reserves. Given our strong liquidity position, zero debt,
and inventory of over 150 drilling locations in our Permian Basin
asset, we plan to carry this positive momentum into 2020 and
continue to build shareholder value. We
look forward to continuing our development plans, inspired by the
honor of this prestigious award and mindful of the responsibility
it carries.”
The
complete list of the 2019 World Finance Oil and Gas Awards can be
viewed at: www.worldfinance.com/awards/oil-gas-awards-2019.
About World Finance
World Finance is a critically acclaimed magazine and website
providing in-depth coverage and analysis of the financial industry
and global economy. The editorial board combines award-winning
reportage from in-house journalists and correspondents with
contributions from some of the most influential economic and
political thinkers of modern times. With subscription surpassing
120,000 readers, the magazine is globally recognized for the part
it plays in shaping contemporary thought and the way the world
looks at the worldwide financial sector.
About PEDEVCO Corp.
PEDEVCO
Corp. (NYSE American: PED), is a publicly-traded energy company
engaged in the acquisition and development of strategic, high
growth energy projects in the United States. The Company's
principal assets are its San Andres Asset located in the Northwest
Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin
Asset located in the D-J Basin in Weld and Morgan Counties,
Colorado. PEDEVCO is headquartered in Houston, Texas.
Cautionary Statement Regarding Forward Looking
Statements
All
statements in this press release that are not based on historical
fact are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and the provisions
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Acts"). In particular, when used in the preceding discussion, the
words "estimates," "believes," "hopes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act, and are subject to the safe harbor
created by the Act. Any statements made in this news release other
than those of historical fact, about an action, event or
development, are forward-looking statements. While management has
based any forward-looking statements contained herein on its
current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of risks, uncertainties, and other factors, many of which
are outside of the Company's control, that could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not necessarily
limited to, those set forth under Item 1A "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2018 and subsequently filed Quarterly Reports on Form 10-Q
under the heading "Risk Factors". The Company operates in a highly
competitive and rapidly changing environment, thus new or
unforeseen risks may arise. Accordingly, investors should not place
any reliance on forward-looking statements as a prediction of
actual results. The Company disclaims any intention to, and
undertakes no obligation to, update or revise any forward-looking
statements, except as otherwise required by law, and also takes no
obligation to update or correct information prepared by third
parties that are not paid for by the Company. Readers are also
urged to carefully review and consider the other various
disclosures in the Company's public filings with the Securities
Exchange Commission (SEC).
Contacts
PEDEVCO
Corp.
1-855-733-3826
PR@pedevco.com