Pura Vida Energy (PVD)

Business description

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

Deal almost secured

QuickView | Oil & Gas | 02/08/2013

A two-well carry plus back costs puts Pura Vida Energy (PVD) top of the tree for farm-outs in one of the hottest exploration areas around, offshore Morocco. Completion of the deal, expected imminently, is a major catalyst, as is securing a rig for two wells to be drilled in 2014, kicking off with the 1.5bnboe Toubkal prospect. The farm-out implies a valuation of PVD in excess of A$4/share. While we do not expect equities to reflect industry valuations, a narrowing must be a possibility as drilling approaches.

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Stock data

Market cap.A$9.6m
Last closeA$0.037
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

Relative *(17.9)(10.8)(5.9)

* % Relative to local index

Company news

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Sun, 15 Jan 2017 23:55:26 GMT

Pura Vida Energy

Thu, 08 Sep 2016 04:30:34 GMT

Pura Vida Energy

Tue, 16 Feb 2016 00:19:59 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT