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$8.6m
Last closeA$0.033
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 *(14.1)(6.1)(20.2)

* % Relative to local index

Company news

Pura Vida Energy

Wed, 29 Jul 2015 07:55:28 GMT

Pura Vida Energy

Sun, 15 Jan 2017 23:55:26 GMT

Pura Vida Energy

Tue, 16 Feb 2016 00:11:15 GMT

Pura Vida Energy

Wed, 14 Sep 2016 02:48:45 GMT

Pura Vida Energy

Thu, 13 Nov 2014 03:56:15 GMT