Pura Vida Energy (PVD)

Business description

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

Oil - no show

Update | Oil & Gas | 24/08/2015

Results from the MZ-1 well, Pura Vida’s first offshore Morocco, have shown no oil detected. The company was fully carried for two wells and attention now turns to the second well which must commence by Sept 2016. Within its wider portfolio, Pura Vida’s attention turns to Gabon and Madagascar where farm-outs and seismic interpretation are the focus. Our RENAV based on committed drilling activity has been adjusted following the MZ-1 outcome to A$0.31/share. This represents substantial upside to the current share price.

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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

%1m3m12m
Actual2.72.726.7
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