Pura Vida Energy (PVD)

Business description

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

Reaction to drilling

Update | Oil & Gas | 22/06/2015

Since initiating on Pura Vida (PVD) on 26 May 2015, the company has commenced drilling of the MZ-1 well, offshore Morocco. Only three weeks into a minimum 60-day well, the stock has fallen by more than 30% and appears oversold on volatility driven without newsflow. Without doubt the MZ-1 is a high-risk well, but PVD is fully carried by an accomplished operator in Freeport that is currently executing a thorough and well-planned well. We maintain our RENAV of A$1.42/share.

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Stock data

Market cap.A$10.4m
Last closeA$0.040
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

Company news

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT

Pura Vida Energy

Fri, 12 Feb 2016 03:22:41 GMT

Pura Vida Energy

Thu, 07 Jun 2012 04:26:20 GMT

Pura Vida Energy

Mon, 08 May 2017 23:58:10 GMT