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5. OIL AND GAS PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2016

Oil and gas interests

		January 1, 2016				Additions				Disposals				Transfers				December 31, 2016
Oil and gas properties subject to amortization		$	64,655			$	3,651			$	-			$	-			$	68,306
Oil and gas properties not subject to amortization			-				-				-				-				-
Asset retirement costs			137				26				-				-				163
Accumulated depreciation, depletion and impairment			(6,025	)			(5,049	)			-				-				(11,074	)
Total oil and gas properties, net		$	58,767			$	(1,372	)		$	-			$	-			$	57,395

		January 1, 2015				Additions				Disposals				Transfers				December 31, 2015
Oil and gas properties subject to amortization		$	24,057			$	47,561			$	(7,252	)		$	289			$	64,655
Oil and gas properties not subject to amortization			8,159				-				(7,870	)			(289	)			-
Asset retirement costs			76				63				(2	)			-				137
Accumulated depreciation, depletion and impairment			(10,237	)			(6,441	)			10,653				-				(6,025	)
Total oil and gas properties, net		$	22,055			$	41,183			$	(4,471	)		$	-			$	58,767

Summary of Purchase Price

		Assets Acquired
Accounts receivable – oil and gas		$	793
Oil and gas properties, subject to amortization			3,587
Total assets		$	4,380

		Liabilities Assumed
Accounts payable		$	(4,361	)
Asset retirement obligation			(19	)
Total liabilities			(4,380	)
Net purchase price		$	-

Golden Globe Energy [Member]

Summary of Purchase Price

Purchase price on February 23, 2015
Fair value of common stock issued		$	2,734
Fair value of Series A Preferred stock issued			28,402
Assumption of subordinated notes payable			8,353
Kazakhstan option issued			5,000
Total purchase price		$	44,489

Fair value of net assets at February 23, 2015
Accounts receivable – oil and gas		$	1,578
Oil and gas properties, subject to amortization			43,562
Prepaid expenses and other assets			100
Total assets			45,240

Accounts payable			(664	)
Asset retirement obligations			(87	)
Total liabilities			(751	)
Net assets acquired		$	44,489

Summary of pro forma sale

		For the Year Ended
		December 31, 2015
		PEDEVCO				Net Acquisitions/Dispositions				Pro Forma Combined
Revenue		$	5,326			$	780			$	6,106
Lease operating costs		$	(1,830	)		$	(275	)		$	(2,105	)
Net income (loss)		$	(20,484	)		$	505			$	(19,979	)
Net income (loss) per common share		$	(0.49	)		$	0.01			$	(0.48	)