Pura Vida Energy (PVD)

Business description

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

Pura opportunity

Initiation | Oil & Gas | 26/05/2015

Pura Vida offers investors near-term material exploration exposure, with a fully funded well drilling offshore Morocco within days (and a funded well to follow). Success at MZ-1 would be game-changing, with best estimate gross prospective resources in five stacked targets (internally assessed) of more than 1.1bnbbl. Moroccan fiscal terms are attractive and result in a RENAV for MZ-1 of A$1.42/share, while the as yet unspecified but contracted and funded second well offers further potential upside. With Madagascan seismic underway and prospectivity in Gabon, 2015 will be a major year for Pura Vida.

Tagged: Oil & gas

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Stock data

Market cap.A$9.9m
Last closeA$0.038
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 *2.53.621.4

* % Relative to local index

Company news

Pura Vida Energy

Sun, 03 Jan 2016 23:03:45 GMT

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Tue, 16 Feb 2016 00:19:59 GMT

Pura Vida Energy

Thu, 11 Feb 2016 22:41:15 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT