Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 28

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 28
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     |     |       |   |     |     |     |     |       |   |     |     |     |
| Productive  |     |       | 27 |     |     | 5.1 |     |       | 8 |     |     | 0.4 |     |       | 8 |     |     | 4.1 |
| Dry         |     |       |  - |     |     |   - |     |       | - |     |     |   - |     |       | - |     |     |   - |
| Exploratory |     |       |    |     |     |     |     |       |   |     |     |     |     |       |   |     |     |     |
| Productive  |     |       |  - |     |     |   - |     |       | - |     |     |   - |     |       | - |     |     |   - |
| Dry         |     |       |  - |     |     |   - |     |       | - |     |     |   - |     |       | - |     |     |   - |

As of December 31, 2024, the Company had no gross or net wells in the process of being drilled, completed or waiting on completion.

Oil and Natural Gas Reserves

Reserve Information.For estimates of the Company’s net proved producing reserves of crude oil and natural gas, as well as discussion of the Company’s proved and probable undeveloped reserves, see “Part II” - “Item 8 Financial Statements and Supplementary Data” – “Supplemental Oil and Gas Disclosures (Unaudited)”. At December 31, 2024, the Company’s total estimated proved reserves were 18.1 million Boe, of which 14.2 million Bbls were crude oil and NGL reserves, and 23.4 million Mcf were natural gas reserves.

Internal Controls.Arvind Krishna,our Director of Development and Reservoir Engineering (a non-executive position), is the technical person primarily responsible for our internal reserves estimation process (which is based upon the best available production, engineering and geologic data) and has in excess of five years as a reserves estimator and provides oversight of the annual audit of our year end reserves by our independent third party engineers. He has a Master of Science degree in Petroleum Engineering from The University of Texas at Austin