Pura Vida Energy (PVD)

Business description

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

Morocco, Gabon and Madagascar

Update | Oil & Gas | 16/12/2015

Pura Vida (PVD) has had no success with the drill bit this year, but the company has protected its cash position by reducing its G&A and pursuing farm-downs. Offshore Madagascar remains a high-risk venture but discoveries around the Gabon licences could assist the farm-out process during 2016. We adjust our RENAV to A$0.21/share, founded on the MZ-2 well, which we assume will go ahead in Q316. However, with the proposed spin-off of Freeport’s E&P business, we believe this timing remains a risk.

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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
Actual5.6(13.6)40.7
Relative *6.3(13.1)27.6

* % Relative to local index

Company news

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Wed, 28 Jun 2017 06:22:30 GMT

Pura Vida Energy

Mon, 26 Jun 2017 17:48:45 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT

Pura Vida Energy

Fri, 12 Feb 2016 03:22:41 GMT