Energy & Mining International - Fall/Winter 2012 - (Page 196)

E M I PAC I F I C E N E R GY D E V E LO P M E N T OTC B B : P E D O FA L L / W I N T E R 2 0 1 2 Shale to Shale Operations Drawing upon its technical expertise in U.S. shale exploration, Pacific Energy Development expands into one of the hottest energy spaces – China. Pacific Energy Development is preparing to enter China with a shale gas play.. • Colorado “Our next strategic focus is to leverage our experience to participate in the highly-anticipated shale gas play in China.” // FRANK INGRISELLI, CEO [ BY JAMIE MORGAN ] After a recent successful capital raise that brought in more than $12 million, Pacific Energy Development Corp. (PEDEVCO) is currently in the middle of a second round capital raise as the PROFILE company accelerates the development program for its existing Niobara and Eagle Ford acreage and prepares for its listing application on the New York Stock Exchange. “We closed our first capital raise at $12 Pacific Energy Development OTCBB:PEDO. Headquarters: Danville, Calif. | Projected 2013 Revenue: $25 million | Projected 2013 Employees: 20 Specialty: Shale oil and gas exploration million and had to turn money away,” explains Frank Ingriselli, CEO of Pacific Energy Development and a Texaco alumnus who spearheaded the signing of China’ first successful international oil contract back in the 1980s. “Our investors have recognized the value of our low-risk, high-growth strategy and our strength in pursuing a well-defined niche in the market. We have focused not only on building steady, immediate cash flow from our U.S. assets, but then to leverage that success and our China connections to gain access into China’s new shale play as an early-market entrant.” The proceeds from PEDEVCO’s capital raising phase will fund its accelerated shale oil and gas development and production operation in the United States as well as potential acquisitions in the pipeline. Pacific Energy Development, which merged with the publicly traded Blast Energy Services in July and thereby went public on the OTC market, currently operates in the Niobrara Shale in Colorado and the Eagle Ford Shale in Texas. “A lot has been accomplished in a short time,” Ingriselli says. “The SEC has approved our merger with Blast Energy, which means we are now a publicly 196

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012