Oil and Gas Exploration and Production Company, PEDEVCO is focused on the Redevelopment of Conventional Resources primarily in the Permian Basin

Although Mr. Schick presentation is rational he fails to mention why the former president of Pacific Energy Development was fired over letters from Pete Bennett.  One asset under PEDEVCO is the Peterson Family Trust which connects to former Danville Deputy Stephen Tanabe and local businessman Ray Nazemi where they are both connected to former Judge Golub and his brother Howard V. Golub former PG&E Senior Counsel and District Attorney Mark Peterson. 

There numerous Federal Indictments connected to this cast of characters. 

Wednesday, October 23, 2019 10:00 AM

J. Douglas Schick, Speaking with CEOCFO Magazine Explains their Focus on Conventional Oil and Gas Opportunities

HOUSTON, TX / ACCESSWIRE / October 23, 2019 / CEOCFO Magazine, an independent investment, business and resources news publication highlights the rebranding of PEDEVCO Corp. (NYSE American:PED) in an interview (https://www.ceocfointerviews.com/interviews/PEDEVCO19.htm) with J. Douglas Schick, President of PEDEVCO. The company, which formally did business as Pacific Energy Development, was originally headquartered in California with its primary asset in Colorado. However, in June of 2018, a new majority investor and new management team bought control of the company and moved the headquarters to Houston, Texas. Mr. Schick goes on to say, "At this point we changed our focus to acquiring assets in the Permian Basin rather than in Colorado, so the name Pacific Energy Development did not necessarily fit with our strategy, location or what we were doing."

Discussing their current assets, Mr. Schick states, "We have over 150 drilling locations in two of our Permian fields and potentially another 50 or more in another Permian field, plus another 100 or more drilling locations in Colorado. We have a very large inventory of high rate of return projects, zero debt and strong capital backing."

As to why PEDEVCO is bucking the current trend for oil and gas companies to gravitate towards shale, Mr. Schick commented, "We believe it is easier to build a profitable business long term in conventional oil and gas opportunities rather than unconventional shales."

Having recently raised $25 million through a private offering, Mr. Schick tells us "Those funds will be used for three different purposes. The first is to finish our 2019 development program where we are currently in the process of completing five wells that we drilled earlier in the year. The second use of funds is for our 2020 development program. The third use will be for opportunistic acquisition of producing assets and business combinations."

Sharing his thoughts on why PEDEVCO has been successful in raising capital, Mr. Schick tells us, "PEDEVCO is a little bit of an anomaly because we have been able to raise money over the past few years and get a few deals done. We not only have a highly experienced business development team, but we also have the financial support of one very good investor, SK Energy, that has been willing to do multiple equity investments in us to fund our acquisition, development and expansion plans."

With a business plan that includes using unconventional technology for conventional development, Mr. Schick points out, "The whole unconventional oil and gas sector is based on horizontal drilling technology and new frack completion technologies. All we are doing is taking those technologies from the unconventional space and using them in the conventional space to access oil and gas reserves from old existing fields that were not recovered using previous technology."

In conclusion, Mr. Schick tells CEOCFO, "If you want to invest in the sector, you want to look for a company with a sustainable business model, quality assets that are going to be able to generate good cash flow long into the future, strong capital support, and no debt. PEDEVCO is that company."

Contact:

Bud Wayne
Editorial Executive
CEOCFO Magazine
570-851-1745
budwayne@ceocfomagazine.com

SOURCE: CEOCFO Magazine

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OBIT: Charles McGlashan, Marin County supervisor, dies

Charles McGlashan, Marin County Supervisor for the 3rd District, is also chairman of the new Marin Energy Authority, which in May began buying renewable power to supply about 6,000 residents and businesses in ... more
Marin County Supervisor Charles McGlashan, an environmental visionary whose efforts brought solar, wind and biomass power into countless homes and businesses, died suddenly on Sunday while vacationing in Lake Tahoe. He was 49.
The supervisor's death, caused by an apparent heart attack while wrapping up a ski trip, has shocked county leaders and environmentalists.
"He leaves us a legacy that is a beacon to other counties in our state and across the country," said Susan Adams, president of the Board of Supervisors.
Last May, Marin became the first couny to take advantage of a 2002 law allowing communities to buy electricity on behalf of residents. Despite strong opposition from Pacific Gas & Electric Co., more than 27 percent of the county's energy today comes from clean and renewable sources, exceeding state targets.
"Supervisor McGlashan pretty much single-handedly wrestled this over the finish line," Adams said, noting that the system has already repaid taxpayers' $950,000 investment.
Dawn Weisz, executive officer of the Marin Energy Authority that runs the program, credited Mr. McGlashan with helping clear the county of 68 tons of carbon dioxide a year.
"He was very passionate and enthusiastic about getting things going, and making the vision into a practical reality," Weisz said. "It's a great loss."
Green energy isn't the supervisor's only environmental legacy. An advocate of alternative transportation, Mr. McGlashan served on the board of the 8-year-old Sonoma Marin Area Rail Transit, and pushed for bike lanes along the rail line.
He also backed a successful effort to outlaw plastic bags in the county as of January.
"Charles wasn't just a Marin County environmental leader. He was an environmental leader for all of us in the Bay Area, and really showed what can be done at the local level when you have passionate commitment," said Joel Makower, chairman and executive editor of GreenBiz Group in Oakland. "This is devastating news."
Despite living outside of Marin, Makower hosted a political fundraiser for the future supervisor.
Mr. McGlashan won, and joined the board in 2005, representing southern Marin, which includes his town of Mill Valley, from which he often rode his bicycle to work in San Rafael.
Born in Hillsborough in 1961, Mr. McGlashan graduated with honors from Yale University in 1983. He earned an MBA from Stanford University in 1991, then worked as a consultant in environmental management and business planning.
He served on the Municipal Water District Board of Directors from 2003 to 2005, and on the Marin Economic Commission from 2001 to 2005. He advised a number of environmental groups including the Marin Conservation League and Sustainable Mill Valley.
The two-term supervisor was second vice president of the Board of Supervisors.
He went to Lake Tahoe with friends the other day "for a much-needed ski weekend," said aide Maureen Parton. As the group packed up to leave on Sunday, Mr. McGlashan stayed in the car as the others took a last-minute sweep of their cabin. Minutes later, they returned to find the supervisor slumped in the back seat.
"His passion and joy for the work of public service was without bounds," Parton said. "He changed the face of Marin."
Mr. McGlashan is survived by his wife, environmentalist Carol Misseldine.
The Marin County Board of Supervisors will remember Mr. McGlashan during today's meeting beginning at 10 a.m. in Room 330 of the Marin Civic Center in San Rafael.
A live video broadcast will be at links.sfgate.com/ZKXS.A public memorial is being planned.
E-mail Nanette Asimov at nasimov@sfchronicle.com.

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NTSB: Energy Terrorism Vying for Energy

Trail of Bodies SF Flat 
San Francisco Cop was key to forcing me to close my Software Company located at 1923a Oak Park Road Pleasant Hill

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#DeadBankers

The Earlier Dead Bankers

There are other deaths near other banks with my former peers. 

Gary Bell CEO

In 2012, Mr Bell fell ill near election day but within days he was in a coma.  Just like Councilman Shimansky, Tax Collector Pollacek they died from Spinal Meningistis.  The personal connection is the other bacterial deaths in the area and back in Florida with Jimmy Barnes death in Bradenton FL pushed the death count to almost ten. 

Madeline Seeley 2010

Madeline Seeley mom and friends were often at the Round Up bar in Lafayette CA. One night the estranged husband decided to come down at the Mom's assistance. He worked for Pacific Services former banking arm of Pacific Gas and Electric. 

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