PEDEVCO Provides Status Update Regarding Open Letter Delivered to the SandRidge Permian Trust, its Unit Holders, and the Operator of its Assets Regarding an Indication of Interest to Acquire the SandRidge Permian Trust and Underlying Assets

Aug 27, 2020

HOUSTON, TX / ACCESSWIRE / August 27, 2020 / On August 27, 2020, PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company") issued a status update regarding the August 26, 2020 open letter delivered by the Company to The Bank of New York Mellon Trust Company, N.A., as trustee of the SandRidge Permian Trust (NYSE:PER)(the "Trustee" and the "Trust"), the common unit holders of the Trust (the "Unit Holders"), and Avalon Energy, LLC ("Avalon") as a holder of Trust common units and the operator of the assets underlying the Trust, regarding PEDEVCO's interest in a potential acquisition of all the common units of the Trust (the "Trust Units"), its underlying assets, and operatorship thereof, which open letter was included in the Company's press release filed on August 26, 2020 (the "August 26^th Press Release").

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