Company: PED
Filing Date: 2025-10-29
Form Type: 10-K/A
Source: 0001654954-25-012328
Chunk: 27

Company: PEDEVCO CORP
Filing Date: 2025-10-29
Form: 10-K/A
Chunk 27
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:

|               |     | Total |         |     |     |        |     | Developed (1) |        |     |     |        |     | Undeveloped (2) |        |     |     |       |
|               |     | Gross |         |     | Net |        |     | Gross         |        |     | Net |        |     | Gross           |        |     | Net |       |
| D-J Basin     |     |       |  82,560 |     |     | 18,669 |     |               | 69,760 |     |     | 11,150 |     |                 | 12,800 |     |     | 7,519 |
| Permian Basin |     |       |  26,240 |     |     | 14,105 |     |               | 21,760 |     |     | 13,785 |     |                 |  4,980 |     |     |   320 |
| Total         |     |       | 108,800 |     |     | 32,774 |     |               | 91,520 |     |     | 24,935 |     |                 | 17,280 |     |     | 7,839 |

| (1) | Developed acreage is the number of acres that are allocated or assignable to producing wells or wells capable of production.                                                                                                                    |
| (2) | Undeveloped acreage is lease acreage on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and natural gas regardless of whether such acreage includes proved reserves. |

We believe we have satisfactory title, in all material respects, to substantially all of our producing properties in accordance with standards generally accepted in the oil and natural gas industry.

| 21 |

Total Net Undeveloped Acreage Expiration

In the event that production is not established or we take no action to extend or renew the terms of our leases, our net undeveloped acreage that will expire over the next three years as follows: (i) in the D-J Basin Asset, 809 net acres are set to expire during 2025 (net to our direct ownership interest only), with 3,662 and 1,657 net acres set to expire for the years ending December 31, 2026 and 2027 respectively, and 508.53 net acres thereafter;