PEDEVCO Announces Entry into Joint Development Agreement with Large Private Equity-Backed D-J Basin E&P Company
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PEDEVCO Corp. has entered into a joint development agreement with a private equity-backed E&P company to expand and develop its Roth and Amber DSUs in Colorado. The agreement involves a $1.7 million payment and increased acreage for development.
March 03, 2025 | 9:45 pm
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PEDEVCO Corp. has entered into a joint development agreement with a private equity-backed E&P company to expand its Roth and Amber DSUs in Colorado. This partnership involves a $1.7 million payment and increased acreage for development.
The joint development agreement is a significant strategic move for PEDEVCO, as it involves a substantial payment and the expansion of its development acreage. This could lead to increased production and revenue potential, positively impacting the stock price.
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