Investment Highlights Strong performance driven by active exploration programs and successful acquisitions resulting in a quality portfolio spanning Morocco, Gabon and Madagascar Material share in all three projects Strategically…
Corporate Snapshot RESEARCH COVERAGE CAPITAL STRUCTURE Broker Analyst Date Issued Capital Tim Hurst-Brown Ordinary Shares (ASX:PVD) 128.88m Mirabaud 24 June 2014 +44 20 7866 0092 Unquoted securities 34.31m Simon Andrew Hartleys 23…
Directors Jeff Dowling Damon Neaves Ric Malcolm NON-EXECUTIVE CHAIRMAN MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR Formerly Managing Partner at Ernst & Young in Founder of Pura Vida Energy. A professional geoscientist with 33 years…
Management Team 30 years experience in the oil and gas industry in both a technical Substantial governance experience in the oil and gas industry and with other and managerial capacity. Australian public companies. Broad base of…
Three Quality Assets, Offshore West & East Africa MAZAGAN NKEMBE GABON AMBILOBE 6 6
Three Quality Assets, a Clear and Proven Strategy Offshore Morocco, Mazagan permit (23%, carried) Early entry in 2011 ahead of industry, including majors such as Chevron and BP US230 million farmout to Freeport-McMoRan Oil & Gas…
Mazagan Permit, Offshore Morocco (23%) Operated by a wholly owned subsidiary of Freeport- McMoRan Oil & Gas, an experienced deepwater Operator WOODSIDE Freeport-McMoRan Oil & Gas carrying Pura Vida up to FARMIN US215 million of…
Mazagan, Offshore Morocco Upcoming Drilling Campaign Atwood Achiever (pictured) contracted for two firm wells on Mazagan Currently en route to Morocco First well January 2015 spud Second well scheduled for 2H 2015 Atwood…
Mazagan, Offshore Morocco 1.6 Billion Barrel Potential to PVD, Multiple Play Types Offshore Morocco Gross Unrisked Prospective Oil Resources - Pura Vida 23% (mmbbl )1, 2 LOW BEST HIGH MEAN3 13 MID MIOCENE 1 Toubkal 436 1,168 3,074…
Nkembe, Offshore Gabon 80% Equity Interest in a Proven Oil Basin Pre-salt discoveries Pre-salt wells now drilling Significant 80% interest and Operator Inset: Gabon Basin Recent discoveries show extension of pre-salt play Nyonie…
Nkembe, Offshore Gabon Multiple Stacked Targets Mouveni and Palomite areas contain stacked targets Lancon Deep providing potential for testing of multiple prospects with a single well LOBA FIELD & LOBA DEEP MOUVENI WEST & DEEP 25…
Nkembe, Offshore Gabon 1.3 Billion Barrel Potential to PVD, Multiple Play Types Net prospective Gross prospective resources Nkembe Permit resources (mmbo, unrisked)2,3 (mmbo) 2,3 Prospect Name Target Low Best High Mean Un-risked…
Ambilobe Block, Offshore Madagascar (50%) Entry into prolific East African region Farmin for 50% interest from Sterling Energy plc (AIM: SEY) whereby Pura Vida will fund new 3D seismic up to a maximum of US15 million Anticipated…
Ambilobe, Offshore Madagascar Large Leads in the Multi Hundreds of mmbo Large scale structures created by salt similar to Mazagan in Morocco Salt Salt 5 km Salt DHI Leads 1 km DHI Lead SEISMIC SECTION 16
Ambilobe, Offshore Madagascar 2014 3D seismic survey 1,250 km2 3D survey targeting significant prospectivity Tender awarded subject to environmental approvals Tenders came in significantly under budget expectation 17
Explosion of activity around Madagascar ExxonMobil Planning 1st deep water well for late 2015 Sterling & PVD 1250 km2 3D seismic survey in Q4 2014 ExxonMobil Wessex Exploration Afren Coring program August 2014 Planning 2D…
Investment Summary High-impact, carried deepwater drilling program Pura Vida carried by Freeport-McMoRan Oil & Gas for two firm deepwater wells offshore Morocco (up to a maximum of US215 million) The two well campaign will test the…