PEDEVCO (PED) Noble Capital Markets Virtual Equity Investor Conference summary

Leadership and positioning

• Interim CEO, President and COO appointment began weeks before Oct. 1; board search underway for a permanent CEO, with operating-team continuity emphasized.

• Production cited as rising from 130 bpd to ~7,000 bpd; portfolio spans ~300,000 net acres and 1,000-1,100 gross drillable locations.

• Oil-weighted portfolio at 88% liquids; Q2 2026 production averaged 6,800 Boe/d.

Financial position and efficiency

• First-half adjusted EBITDA nearly $37m; Q2 net debt $73m; FY 2026 EBITDA guidance remains $60m-$70m; PV-10 cited at ~$27/share.

• Net-debt target multiple reached in 6-9 months versus an initial 12-18-month expectation.

• Annualized LOE savings target of $10m-$12m; more than halfway achieved in 2026, with full run-rate savings expected by mid-Q3 2027.

• Merger G&A synergies estimated at 20%-30% reduction; 2026 LOE optimization accelerated, with the full program expected to support margin expansion.

Development and growth plans

• H2 2026 activity includes participation in ~15 gross wells; expanded operator activity is planned through the remainder of 2026 and into early 2027.

• Production and cash-flow growth expected to accelerate in 2027; management characterized potential growth as a multiple of industry high-single- to low-double-digit growth, with more detail planned in Q4 2026.

• Investment hurdle stress-tested at 25%-30% IRR near $60 oil rather than $90; cash flow expected to favor organic inventory development over debt reduction.

• Reinvestment plans assume $60-$80 oil; activity may be scaled back in the $50s or lower, with hedges intended to protect baseline operations and investment returns.