PEDEVCO announced that it received approval on January 31, from the Colorado Energy and Carbon Management Commission, or ECMC, of the Company’s Roth 2-11 Oil and Gas Development Plan, or OGDP, which covers 2,560 acres and up to 11 horizontal Niobrara wells in Weld County, Colorado. The Company plans to commence drilling operations in Q2, with initial production anticipated in the second half of 2024.
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