Pura Vida Energy (PVD)

Business description

Pura Vida is an ASX-listed E&P with assets in Gabon, Morocco and Madagascar.

Stock data

Market cap.A$10.4m
Last closeA$0.04
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual5.3(20)37.9
Relative *6.6(20.6)28.7

* % Relative to local index

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Company news

Will Pura Vida Energy NL strike it rich?

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Outlines Plans for Development of Loba Oil Field Offshore Gabon

Wed, 14 Sep 2016 02:48:45 GMT

Pura Vida in Talks to Drill a Second Well in Mazagan Permit Off Morocco

Fri, 12 Feb 2016 03:22:41 GMT

Business Briefs

Mon, 08 May 2017 23:58:10 GMT

Deals this week: ExxonMobil, Anadarko Petroleum, Petoro AS

Fri, 16 Sep 2016 09:12:45 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2014A 14.8 1.0 (0.2) (0.2) N/A N/A
2015A 0.1 (18.6) (16.2) (10.6) N/A N/A
2016E N/A N/A N/A N/A N/A N/A
2017E N/A N/A N/A N/A N/A N/A

Last updated on 24/04/2017

Latest research

Morocco, Gabon and Madagascar

Update | Oil & Gas | 16/12/2015

Oil - no show

Update | Oil & Gas | 24/08/2015

Reaction to drilling

Update | Oil & Gas | 22/06/2015

Pura opportunity

Initiation | Oil & Gas | 26/05/2015

Exploration value benchmarks

Update | Oil & Gas | 16/03/2015

Deal almost secured

QuickView | Oil & Gas | 02/08/2013

Investment summary

Along with its international E&P peers, Pura Vida (PVD) is looking to preserve its cash reserves while progressing its exploration assets for possible future drilling. It has now received the settlement from PXP and held A$13m in cash in early February. In order to progress its Nkembe block, it has announced a conditional agreement with a rig contractor to fund $20m towards a three well programme - and is progressing with its plans to secure the remaining funding. It has also set out a path to early oil in one of its blocks Nkembe and is looking to farm-out the block to fund the work programme. However, its shares were suspended from trading on 17 March 2017 as it had not filed its accounts.

Last updated on 02/05/2017

Key management

Damon Neaves, CEO

Company address

Level 3
89 St Georges Terrace
Perth
WA 6000
Australia
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