It truly is in Pueblo's blood," says PEDCO
President Jeff Shaw.
Upon completion of the merger, no later than 1 June 2012, PEDCO
stockholders will receive one share of Blast's common stock or Series A preferred stock for each share of PEDCO
's common stock or Series A preferred stock, respectively.
Ingriselli added, "In addition to enhancing our asset portfolio with additional production, developmental acreage, and the exciting patented AFJ stimulation technology, the merger with Blast provides us an opportunity to rapidly expand our shareholder base and provides access to additional funding opportunities that were previously unavailable to PEDCO
as a private company.
He has been also serving as drilling manager and a board member at PEDCO
Following the merger of PEDCO
into a wholly-owned unit of Blast, the latter changed its name to PEDEVCO Corp and will temporarily trade on the OTC Bulletin Board under the BESVD ticker symbol until a new one is being assigned.
We went after them very hard," says PEDCO
president and CEO Jim Spaccamonti.
Anthony Cisneros, Airprotek International's National Sales Rep, stated, "Our agreement with PEDCO
reflects the tremendous response that Airprotek's products received last month at the Indianapolis Powersports Expo.
President Jim Spaccamonti said he views incentives as a way to "re-inject" money into Pueblo's economy.
Henkels commented further, "The signing of this Private Label Agreement with PEDCO
, follows our recently announced agreement with the Miramar Group, Inc.
Upon acceptance by the foundation, he added, it can take up the project, given that PEDCO
was currently involved in Azadegan project.
By March 1999, PEDCO
announced the TPA would open a claims processing center in the buildings formerly occupied by QualMed.
Commenting on the agreement, Texaco Limited Managing Director of Exploration and Production York LeCorgne said, "In addition to acquiring an investment partner with this alliance, Texaco gains an important business relationship with PEDCO
-- one that will provide access to market opportunities in the Far East and in other potential project developments.