Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 275

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 275
---
 connection therewith;  ·Intense competition in the oil and natural gas industry;  ·Our competitors use of superior technology and data resources that we may be unable to afford or obtain the use of;  ·Changes in the legal and regulatory environment governing the oil and natural gas industry, including new or amended environmental legislation or regulatory initiatives which could result in increased costs, additional operating restrictions, or delays, or have other adverse effects on us;  ·Uncertainties associated with enhanced recovery methods which may result in us not realizing an acceptable return on our investments in such projects or suffering losses;  ·Requirements that we must drill on certain of acreage in order to hold such acreage by production;  ·Improvements in or new discoveries of alternative energy technologies that could have a material adverse effect on our financial condition and results of operations;  ·Future litigation or governmental proceedings which could result in material adverse consequences, including judgments or settlements;  ·The currently sporadic and volatile market for our common stock;  ·Our dependence on the continued involvement of our present management;  ·The fact that Dr. Simon G. Kukes, our former CEO and newly appointed Executive Chairman of the Company's Board of Directors, beneficially owns a majority of our common stock and that his interests may be different from other shareholders;  ·Our ability to maintain the listing of our common stock on the NYSE American;  ·Dilution caused by future offerings;  ·Future material impairments of our oil and gas assets; and  ·Other risks described under “Risk Factors” below.

 39Table of Contents

Risks Related to the Oil, NGL and Natural Gas Industry; Our Business and Operations

Declines in oil and, to a lesser extent, NGL and natural gas prices, have in the past, and will continue in the future, to adversely affect our business, financial condition or results of operations and our ability to meet our capital expenditure obligations or targets and financial commitments.

The price we receive for our oil and, to a lesser extent, natural gas and NGLs, heavily influences our revenue, profitability, cash flows, liquidity, access to capital, present value and quality of our reserves, the nature and scale of our operations and future rate of growth. Oil, NGL and natural gas are commodities and, therefore, their prices are subject to wide fluctuations in response to relatively minor changes in supply and demand. In recent years, the markets for oil