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PEDEVCO Corp
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Winter 2024 Investor Presentation
| Simon Kukes | Page 4 of 11 |
April 29, 2024
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Document:
"Winter 2024 Investor Presentation"
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Meaningful Proved Reserve Profile Year End 2023 Reserves (SEC Pricing) (1) Reserve Categories Oil (MBbls) Gas (MMcf) NGL (MBbls) Total (MBoe) PV-10 (2) ($M) Proved Developed 2,571 4,227 399 3,675 $82,688 Proved Undeveloped 8,787 15,659 1,976 13,372 $148,991 Total Proved Reserves 11,358 19,886 2,375 17,047 $231,679 4 (1) Reserves prepared by Cawley, Gillespie & Associates, Inc. (2) Year end 2023 SEC Pricing – Oil $78.22/bbl, Gas $2.64/MMBtu ? Highly oil weighted reserves drive value creation ? 67% oil (81% liquids) ? $232 million PV-10 (at $78.22 oil price) ? Grow reserves and production through operated and non- operated development in DJ Basin and low-risk San Andres infill drilling development program Proved Reserves by Commodity (MBOE) 2023YE Proved PV-10 by Basin ($M) 2023YE