Pacific Energy Development Corp. (PEDO): Nice Oil and Gas Production Envelope with Undervalued Rare Earth Side Game
PEDEVCO, d/b/a Pacific Energy Development, has put together over 18.3k gross acres of prime, high-value hydrocarbon energy territory across a domestic portfolio in three of North America's top plays and the company even has a small-side deal focused on doing rare earths over in Inner Mongolia via a Hong Kong based partner. The company's primary focus is a newly acquired (March 28) asset in Kansas's Mississippian Lime formation (Barber, Comanche, Harper, and Kiowa counties), some 7k gross acres in size. This impressive addition to the company's portfolio nearly tripled their overall net acreage and as the operator, with a 97%…