Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 680

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 680
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 us vulnerable to risks associated with operating in only two geographic areas;  ·The speculative nature of our oil and gas operations, and general risks associated with the exploration for, and production of oil and gas; including accidents, equipment failures or mechanical problems which may occur while drilling or completing wells or in production activities; operational hazards and unforeseen interruptions for which we may not be adequately insured; the threat and impact of terrorist attacks, cyber-attacks or similar hostilities; declining reserves and production; and losses or costs we may incur as a result of title deficiencies or environmental issues in the properties in which we invest, any one of which may adversely impact our operations;  ·Potential conflicts of interest that could arise for certain members of our management team and Board of Directors that hold management positions with other entities and our largest stockholder;

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·The limited control we have over activities on properties we do not operate;  ·The estimates of the value of our oil and gas properties and accounting in 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;