Proactive Investors AU
by Proactive Investors
Pura Vida Energy has some interesting news in the pipeline regarding preliminary results in relation to the MZ-1 exploration well, offshore Morocco.
Pura Vida Energy (ASX:PVD) has some interesting news in the pipeline regarding preliminary results in relation to the MZ-1 exploration well, offshore Morocco.
Pura Vida has a 23% interest.
The total gross unrisked mean prospective resources is over 1.4 billion barrels (328 mmbo net to Pura Vida), with a high case of over 3.0 billion barrels.
The estimated well cost is US$136.6 million (including contingencies).
Pura Vida carried up to US$215 million by Freeport plus option at Pura Vida’s election for additional carry in excess of US$215 million
The halt will remain in place until the opening of trade on Wednesday 29th July 2015, or earlier if an announcement is made to the market.
