NEW YORK, Oct. 24, 2013 /PRNewswire/ -- S&P
Capital IQ announced today that it has commenced S&P Capital
IQ's Factual Stock Report coverage on PEDEVCO Corp.
PEDEVCO Corp., d/b/a Pacific Energy Development (NYSE-MKT: PED),
is an energy company engaged in the acquisition and development of
strategic, high-growth energy projects, including shale oil and gas
assets, in the United States and
Asia. The company's principal
assets include its Niobrara asset located in the Denver-Julesberg
Basin in Colorado; its
Mississippian asset located in Comanche, Harper, Barber and Kiowa Counties, Kansas; its Eagle Ford asset in McMullen County, Texas; and its North Sugar
Valley asset located in Matagorda County,
Texas. The company has recently announced an agreement to
acquire a producing asset located in the Pre-Caspian Basin,
Kazakhstan. PEDEVCO is
headquartered in Danville,
California, with offices in Houston, Texas and Beijing, China.
The company plans to focus initially on developing shale oil and
gas assets held by PEDEVCO in the United
States. Subsequently, the company plans to seek additional
shale oil and gas and conventional oil and gas asset acquisition
opportunities in the United States
and Asia utilizing its strategic
relationships and technologies that may provide the company a
competitive advantage in accessing and exploring such assets.
In September 2013, PEDEVCO
announced that its fourth horizontal well on the Niobrara asset has
tested a peak production rate of 972 bopd and 800 mcfgd (1,105
boepd) from the Niobrara "B" Bench target zone. Its fifth well, the
Wickstrom 18-2H well, has tested at an initial production rate of
414 bopd and 408 mcfgd (482 boepd) from the Niobrara "B" Bench
target zone. PED has five producing wells on its 10,224 gross acres
Niobrara asset, located in Weld
and Morgan Counties, Colorado.
In September 2013, PEDEVCO also
announced the entry into Kazakhstan through an agreement to acquire an
approximate 34% indirect interest in Aral Petroleum Capital Limited
Partnership, a Kazakhstan entity
which holds a 100% operated working interest in a production
license covering the contract area issued by the Republic of
Kazakhstan that expires in 2035 in
western Kazakhstan from Asia Sixth
Energy Resources Ltd. The Contract Area includes the producing
areas of the East Zhagabulak field and covers 380,000 acres within
the North Block located in the Pre-Caspian Basin. This basin is the
largest producing basin in Kazakhstan.
S&P Capital IQ's Factual Stock Report coverage on PEDEVCO
Corp. will also be accessible on an ongoing basis to the investment
community by scores of buy-side institutions and sell-side firms
that utilize S&P Capital IQ research and information platforms
daily. Millions of self-directed investors also have access to the
report via their e-brokerage accounts. Please visit
http://www.pacificenergydevelopment.com for additional
information.
About S&P Capital IQ's Factual Stock Reports
Currently profiling approximately 500 issuers, Standard &
Poor's Factual Stock Reports, produced by S&P Capital IQ,
increase market awareness of issuers in the investment community
with insightful commentary and key statistics and
information. Standard & Poor's Factual Stock Reports
provide factual research coverage about company fundamentals and
business prospects, thereby enabling information about covered
companies to reach a wide investor audience of Buy and Sell-side
investors. Updated weekly with the latest pricing, trading volume,
and other data, the reports include recent developments, a
financial review, key operating information, industry and peer
comparisons, institutional holdings analysis, Street Consensus and
opinions, performance charts, business summary, fundamental data,
and news. Because coverage of these reports is underwritten by the
issuer, S&P Capital IQ does not offer investment opinions
concerning the advisability of investing in these stocks.
S&P Capital IQ Factual Stock Reports are produced separately
from any other analytic activity of S&P Capital IQ or related
organizations. S&P Capital IQ does not trade on its own
account.
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About Liviakis Financial Communications, Inc.
Founded in 1986, Liviakis Financial Communications, Inc. is
considered a pioneer and leader in the investor relations
industry. For more information visit: www.liviakis.com.
Investor Relations functions will be performed by
Liviakis Financial Communications, Inc. of Mill Valley, CA.
Contacts
Bonnie M. Tang
Director – Corporate Operations and Communications
PEDEVCO Corp., dba Pacific Energy Development
T: 1 (855) 733 3826 Ext 21
pr@pacificenergydevelopment.com
or
Investor Relations
John Liviakis
Liviakis Financial Communications, Inc.
415-389-4670
john@liviakis.com
or
S&P Capital IQ
Customers
Richard Albanese, 212-438-3647
richard.albanese@spcapitaliq.com
or
Media Relations
Michael Privitera, 212-438-6679
michael.Privitera@spcapitaliq.com
SOURCE S&P Capital IQ