Evolution Petroleum and PEDEVCO Enter into Strategic Partnership to Jointly Develop PEDEVCO’s Chaveroo Field in the Permian Basin - Seite 3

About Evolution Petroleum
Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Properties include non-operated interests in the following areas: the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field located in Hot Springs County, Wyoming; the Delhi Holt-Bryant Unit in the Delhi Field in Northeast Louisiana; as well as small overriding royalty interests in four onshore Texas wells. Visit www.evolutionpetroleum.com for more information.

About PEDEVCO Corp.
PEDEVCO Corp. (NYSE American: PED), is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company's principal assets are its Permian Basin Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming. PEDEVCO is headquartered in Houston, Texas. Visit www.pedevco.com for more information.

Cautionary Statement
This press release includes forward-looking statements as defined by the Securities and Exchange Commission ("SEC"). Statements in this press release regarding each of Evolution Petroleum's and PEDEVCO's businesses that are not historical facts represent "forward-looking" statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in any forward-looking statements, refer to the heading "Risk Factors" contained in each company's annual and periodic reports filed with the Securities and Exchange Commission. Neither Evolution Petroleum nor PEDEVCO undertake any obligation to update any forward-looking statement. Inclusion of estimated OOIP is not consistent with "proved reserves" as defined by the SEC, OOIP is an internal estimate calculated by PEDEVCO based on geological studies performed by analyzing all existing vertical wells in the field.

Evolution Petroleum Contact:
Investor Relations
[phone]
[e-mail]

PEDEVCO Contact:
PEDEVCO Corp.
[phone]
[e-mail]

SOURCE: PEDEVCO Corp.

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The Pedevco Stock at the time of publication of the news with a raise of +3,74 % to 0,970EUR on Tradegate stock exchange (12. September 2023, 22:26 Uhr).