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.

Edison's research is freely available. We will never ask for your credit card details and you do not need to register. By downloading this research you are agreeing to our terms and conditions, which you can read in full here.

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