15 Jan 2021director interest notice● Neutral
PEDEVCO CORP President John Douglas Schick sold 21,600 shares at $1.38.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Jan 2021director interest notice● Neutral
PEDEVCO CORP CAO and PFO and AO Paul Anthony Pinkston sold 10,000 shares at $1.38.
15 Jan 2021director interest notice● Neutral
PEDEVCO CORP Executive VP Moore Clark sold 27,000 shares at $1.38.
4 Jan 2021director interest notice● Neutral
PEDEVCO CORP Executive VP Moore Clark sold 54,000 shares at $1.62.
4 Jan 2021director interest notice● Neutral
PEDEVCO CORP insider Viktor Tkachev sold 300,000 shares at $1.45.
15 Dec 2020director interest notice● Neutral
PEDEVCO CORP President John Douglas Schick sold 15,000 shares at $1.17.
15 Dec 2020director interest notice● Neutral
PEDEVCO CORP Executive VP Moore Clark sold 23,500 shares at $1.16.
11 Dec 2020director interest notice● Neutral
PEDEVCO CORP CAO and PFO and AO Paul Anthony Pinkston sold 5,000 shares at $1.25.
23 Nov 2020securities registration● Neutral
PEDEVCO CORP registered a securities offering with the SEC using its shelf eligibility.
17 Nov 2020business combination▼ BadMajor
Terminated the SandRidge Permian Trust exchange offer on November 17, 2020 without acquiring any units; all tendered units were returned to holders — the bid failed.
17 Nov 2020listing compliance notice▼ Bad
PEDEVCO CORP withdrew a registration statement, abandoning the offering it covered.
16 Nov 2020quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $2.4 million and a net loss of $2.3 million for the period ended 2020-09-30.
13 Oct 2020business combination● NeutralMajor
Filed the S-4 registering PEDEVCO shares to be issued in the SandRidge Permian Trust exchange offer: 0.4 shares of PEDEVCO common stock for each Trust common unit tendered.
13 Oct 2020business combination● NeutralMajor
Through its subsidiary SRPT Acquisition, LLC, PEDEVCO launched an exchange offer for all 52.5 million common units of SandRidge Permian Trust, at 0.4 of a PEDEVCO share per unit. The filing valued the deal at about $23.5 million.
31 Aug 2020director interest notice● Neutral
PEDEVCO CORP insider Harold Douglas Evans acquired 70,000 shares at $2.11 under a company stock plan.
31 Aug 2020director interest notice● Neutral
PEDEVCO CORP insider John J Scelfo acquired 100,000 shares at $2.11 under a company stock plan.
31 Aug 2020director interest notice● Neutral
PEDEVCO CORP insider Ivar Siem acquired 70,000 shares at $2.11 under a company stock plan.
31 Aug 2020director interest notice● Neutral
PEDEVCO CORP insider Ivar Siem acquired 70,000 shares at $2.11 under a company stock plan.
14 Aug 2020quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $656 thousand and a net loss of $2.7 million for the period ended 2020-06-30.
13 July 2020director interest notice● Neutral
PEDEVCO CORP insider John J Scelfo sold 31,500 shares at $0.77.
15 May 2020quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $2.8 million and a net loss of $4.3 million for the period ended 2020-03-31.
31 Mar 2020director officer appointment▼ BadMajor
Cut every salary by 20% as the oil price collapsed, and gave President Schick the right to leave with a year's pay if even the reduced salary went unpaid. The same announcement carried PEDEVCO's best year yet -- $13 million of revenue, production up 186% to 266,070 barrels of oil equivalent, reserves up to 14.0 million barrels, and the first positive operating cash flow in over a decade -- reported the week the market took it all away.
8 Nov 2019quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $3.1 million and a net loss of $3.9 million for the period ended 2019-09-30.
8 Nov 2019quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $3.1 million and a net loss of $3.9 million for the period ended 2019-09-30.
26 Sept 2019substantial holder notice● Neutral
Viktor Tkachev disclosed a new substantial PEDEVCO CORP shareholding (11.90% of votes).
19 Sept 2019substantial holder notice● Neutral
SK Energy LLC, Dr. Simon Kukes reported a PEDEVCO CORP shareholding of 52,753,001 shares (74.60% of votes) in a periodic institutional filing.
18 Sept 2019capital raising announcement▲ GoodMajor
Raised $25 million in fresh equity: $12 million from new, unaffiliated investor Viktor Tkachev at $1.4286/share and a further $13 million from SK Energy at a premium price, broadening the investor base slightly beyond the CEO.
12 Aug 2019quarterly activities report▼ Bad
PEDEVCO reported second-quarter 2019 revenue of over $4 million, up from about $898 thousand a year earlier, with production rising from about 17,451 to 74,220 BOE. It also said it had spud three new horizontal wells in the Chaveroo field of its Permian Basin asset.
12 Aug 2019quarterly activities report▼ Bad
PEDEVCO CORP reported quarterly revenue of $4.1 million and a net loss of $2.5 million for the period ended 2019-06-30.
12 Aug 2019capital raising announcement● NeutralMajor
An amended report on the May 2019 raise: SK Energy bought 6,818,181 shares at $2.20, a premium to market, for $15.0 million, lifting Kukes's holding from 78.2% to 81.0%, alongside 1,500,000 shares sold to two unaffiliated buyers at $2.00. The money went into the 2019 Permian drilling programme and further Permian acquisitions.
What it means for a shareholder
6.8m new shares at US$2.20 to raise about US$15.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held US$1,000 of shares (455 at the issue price), your slice goes from 0.000844% to 0.000749% of the company. To keep it you'd need 58 more shares - about US$128 at the issue price.
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