By OGJ editors
Pura Vida Energy NL, Perth, has acquired a 75% interest and is operator of the Mazagan block in the Atlantic off Essaouira, Morocco.
The block covers nearly 11,000 sq km separated from shore by a block held by Kosmos Energy Co. The main prospect, Toubkal, is in deep water 100 km offshore. More than 3,500 sq km of 3D seismic has been shot and several prospects and leads identified.
The company plans to list on the Australian Securities Exchange in December 2011.
