He has been also serving as drilling manager and a board member at PEDCO
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.
As a result of the merger, Blast converted all of its existing preferred stock into common stock and consummated a 1:112 reverse stock split, with the stockholders of PEDCO receiving approximately 95% of the issued and outstanding capital stock of Blast at the close of the merger.
We went after them very hard," says PEDCO president and CEO Jim Spaccamonti.
PEDCO also has helped land 600-employee Express Grips, a few blocks away from HARP; and along the Riverwalk, the 550-employee, $20 million Cingular Pueblo service center and the coming PBR building, with about 150 employees.
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.
We set out to find a company that would fit the needs of our niche market and beyond," said Rueben Jackson, PEDCO
Founder and President.
Leads come from all over the world, said PEDCO
President Jim Spaccamonti.
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.
21, 1995-- INTERNATIONAL PEDCO
ENERGY CORPORATION announced today, that the year ended December 31, 1994 was a record year for the Company.
27, 1995--INTERNATIONAL PEDCO
ENERGY CORPORATION announced today, it intends to purchase by way of a normal course issuer bid through the facilities of The Toronto Stock Exchange only at market price, up to approximately 401,514 of its Common shares or approximately 5% of its total issued and outstanding Common shares.
Inside Iran, PEDCO
was to take a 10% stake in all buy-back contracts (BBC) signed with foreign firms, including Total's BBCs for the Sirri oilfields and Phases 2 & 3 of the South Pars gas field.