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
Launched a tender/exchange offer, through subsidiary SRPT Acquisition LLC, for all ~52.5 million common units of SandRidge Permian Trust — a separate, Permian-focused royalty trust — an implied ~$23.5 million deal, PEDEVCO's first attempt to acquire rather than be acquired.
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 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 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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