The estimated Net Worth of Ivar Siem is at least $322 ezer dollars as of 12 July 2023. Mr. Siem owns over 30,000 units of PEDEVCO Corp stock worth over $144,606 and over the last 6 years he sold PED stock worth over $177,250. In addition, he makes $0 as Independent Director at PEDEVCO Corp.
Ivar has made over 6 trades of the PEDEVCO Corp stock since 2018, according to the Form 4 filled with the SEC. Most recently he sold 30,000 units of PED stock worth $27,300 on 12 July 2023.
The largest trade he's ever made was buying 180,000 units of PEDEVCO Corp stock on 24 December 2018 worth over $106,200. On average, Ivar trades about 27,675 units every 138 days since 2018. As of 12 July 2023 he still owns at least 165,000 units of PEDEVCO Corp stock.
You can see the complete history of Mr. Siem stock trades at the bottom of the page.
Ivar Siem is Independent Director of the Company. Mr. Siem has broad experience from both the upstream and the service segments of the oil and gas industry, has been the founder of several companies, and has been involved in several roll-ups and restructuring processes throughout his career. He currently serves as the Chairman of American Resources, Inc., and as a Managing Partner of its affiliated investment vehicle, Norexas, LLC, both privately-held Houston, Texas-based companies active in oil and gas investment, acquisition and development, and has served in that capacity since 2013. Previously, Mr. Siem served as Chairman and Chief Executive Officer of American Resources, Inc. (from 2013 through July 2017) and Chairman of Blue Dolphin Energy Company (OTCQX: BDCO), a Houston, Texas-based independent refiner and marketer of petroleum products (from 1990 to 2014). In 1999, Mr. Siem acquired a small distressed public company, American Resources Offshore, Inc. and worked with creditors and existing management to achieve a voluntary reorganization. From 1995 to 2000, Mr. Siem served as Chairman and interim CEO of DI Industries/Grey Wolf Drilling while restructuring the company financially and operationally. Through several mergers and acquisitions, the company emerged as one of the leading land drilling contractors. The company was subsequently acquired by Precision Drilling in 2008. From 1996 to 1997 Mr. Siem served as Chairman and CEO of Seateam Technology ASA. Prior to Seateam, Mr. Siem held various executive roles at multiple E&P and oil field service companies. Mr. Siem started his career at Amoco working as an engineer in various segments of upstream operations. Mr. Siem holds a Bachelor of Science in Mechanical Engineering with a minor in Petroleum from the University of California, Berkeley and an Executive MBA from the Amos Tuck School of Business, Dartmouth University.
Ivar Siem is 72, he's been the Independent Director of PEDEVCO Corp since 2018. There are 1 older and 9 younger executives at PEDEVCO Corp. The oldest executive at PEDEVCO Corp is Dr. Simon Gregory Kukes, 74, who is the CEO & Director.
Ivar's mailing address filed with the SEC is 801 Travis St #2100, Houston, TX 77002, USA.
Over the last 11 years, insiders at PEDEVCO Corp have traded over $4,714,039 worth of PEDEVCO Corp stock and bought 5,348,836 units worth $6,235,325 . The most active insiders traders include Simon G Kukes, Simon Gsk Energy Llc Kukes és Moore Clark. On average, PEDEVCO Corp executives and independent directors trade stock every 25 days with the average trade being worth of $228,399. The most recent stock trade was executed by Moore Clark on 25 January 2024, trading 50,000 units of PED stock currently worth $32,000.
pedevco corp, d/b/a pacific energy development (nyse mkt: ped), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas assets, in the united states. the company's principal asset, its denver julesburg (d-j) basin asset, is located in weld and morgan counties, colorado. pacific energy development is headquartered in danville, california, with an operations office in houston, texas.
PEDEVCO Corp executives and other stock owners filed with the SEC include: