Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 26

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 26
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,788 |
| Total Production (Boe)(1):    |     |      |         |     |      |         |     |      |         |
| Chaveroo (Permian Asset Base) |     |      |       - |     |      | 168,458 |     |      | 211,310 |
| Wattenberg (D-J Asset Base)   |     |      | 333,635 |     |      | 331,896 |     |      |  91,685 |

| (1) | Assumes 6 Mcf of natural gas equivalent to 1 barrel of oil. |

The following table summarizes our gross and net developed and undeveloped leasehold acreage Iat December 31, 2024:

|               |     | 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