Search results for: Pura Vida Energy

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  • 10 March 2015
    Exploration & Production, Project & Tenders

    Pura Vida Energy NL has said that the Atwood Achiever drillship will mobilize to the MZ – 1 location within Pura Vida’s offshore Mazagan Permit in Morocco, and spud the well during April. The Atwood Achiever has completed a well offshore Morocco and has now moved to complete a well offshore Mauritania for another Operator […]

  • 28 July 2015
    Project & Tenders

    Pura Vida Energy, an Australia-based oil explorer, has drilled the MZ-1 exploration well in the Mazagan permit, offshore Morocco, to a depth of 4,653 metres within the Lower Cretaceous, without encountering oil. Pura Vida started drilling the MZ-1 well with the Atwood Achiever drillship in June 2015. According to the company’s press release, the preliminary results from all of […]

  • 28 November 2016
    Business & Finance

    Pura Vida Energy, an Australian oil and gas company with operations offshore Africa, has appointed Simon Eley as the company’s new Chairman of the board with immediate effect. Pura Vida said on Monday that the interim Chairman, Ric Malcolm, stepped down following the Annual General Meeting. Malcolm, a geologist with over 35 years of industry […]

  • 22 March 2017
    Business & Finance

    Oil and gas exploration company Pura Vida Energy has informed that the employment of its Chief Executive Officer Damon Neaves is ceasing, effective immediately. The company is now looking to hire a new boss ahead of drilling campaign offshore Gabon.  According to the terms of the employment contract, Neaves is expected to resign his directorship […]

  • 29 April 2016

    After its partner Sterling Energy decided to exit the Ambilobe block, offshore Madagascar, Pura Vida Energy has to weigh its options.  Namely, Pura Vida has 30 days to decide whether to assume, at no cost, a 100% ownership interest and operatorship of the Ambilobe block, located in the Ambilobe deep water basin, offshore north-west Madagascar. Sterling decided […]

  • 3 March 2014
    Business & Finance, Operations & Maintenance

    Pura Vida Energy NL announces the execution of a rig share agreement for the drilling of two wells in the Mazagan permit by the Atwood Achiever Deepwater Drillship. The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement. Under the rig share agreement with Kosmos, two slots have been assigned for […]

  • 1 November 2013
    Business & Finance

    Sterling Energy Pic has signed a Farmout Agreement for the Production Sharing Contract of the Ambilobe Block (the “PSC”), located offshore Madagascar, with Pura Vida Mauritius. Sterling currently holds a 100% interest in, and is the operator of, the PSC. Under the terms of the Farmout Agreement, Pura Vida will on completion: a) assume a 50% interest […]

  • 1 November 2013
    Business & Finance, Operations & Maintenance, Project & Tenders, Research & Development

    Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced today that its wholly owned subsidiary, Sterling Energy (UK) Limited, has signed a Farm-out Agreement for the Production Sharing Contract of the Ambilobe Block, located offshore Madagascar, with Pura Vida Mauritius. Sterling currently holds a 100% interest in, and is […]

  • 6 September 2013
    Business & Finance

    Pura Vida Energy NL announced that it has resolved to raise $7 million pursuant to the issue 12 million shares at 58 cents per share to institutional and sophisticated investors under its ASX Listing Rule 7.1 15% capacity. Hartleys Limited and RBS Morgans were Joint Lead Managers in respect of the Placement. The Placement has […]

  • 3 November 2016

    Pura Vida Energy, an Australian oil exploration company, has been granted a 12-month extension of the current exploration phase of the Nkembe production sharing contract (PSC), offshore Gabon. The company holds a 100 percent stake in Nkembe production sharing contract, which contains the Loba oil discovery with 141m gross oil column. Pura Vida said on […]

  • 6 June 2013

    Pura Vida Energy NL, an Australian-based African oil explorer ,  has completed an initial evaluation of the potential resources in the Nkembe block, offshore Gabon, West Africa which has resulted in the recognition of net mean recoverable prospective resources to Pura Vida of 815 mmbo. This resource estimate is based on the first four prospects (outside […]

  • 3 June 2015
    Project & Tenders

    Pura Vida Energy has informed that the Atwood Achiever Drillship has spud the MZ-1 well and kicked off drilling operations within the Mazagan permit, offshore Morocco. Drilling is expected to continue for approximately 2 to 3 months. The Atwood Achiever drillship is a dynamically positioned ultradeepwater drillship capable of operating in water depths of 3,658 metres (12,000 ft) and drilling to depths […]

  • 22 July 2013
    Business & Finance, Project & Tenders

    Pura Vida Energy NL announces that it has gained access to the drilling cores from the Loba-1 well in the Nkembe block, offshore Gabon, West Africa. Inspection of the cores has confirmed the presence of good quality sandstone reservoirs with abundant oil staining consistent with log properties previously reported by Pura Vida. The core analysis confirms the presence of […]

  • 11 August 2015
    Exploration & Production

    U.S. operator Freeport-McMoRan Oil & Gas has failed to find oil at the MZ-1 exploration well, offshore Morocco. According to the company’s partner in the Mazagan permit, Pura Vida Energy, the MZ-1 exploration well offshore Morocco has drilled through the three prognosed Jurassic fans and the well has reached a final depth of 6,150 metres, […]

  • 23 June 2014
    Business & Finance, Project & Tenders

    Pura Vida Energy NL has announced an upgrade to its prospective resource assessment of the Nkembe PSC, offshore Gabon. Further technical work undertaken by the Company has revealed a significant new play in the pre-salt within the Syn-rift interval where carbonate Coquinas reservoirs are anticipated to be present. The inclusion of newly identified prospects increases […]

  • 3 March 2014
    Business & Finance

    Pura Vida Energy NL and Kosmos Energy will share a drilling rig off the coast of Morocco. Pura Vida said that it would use the drillship for the drilling of two wells in the Mazagan permit, 100 km offshore Morocco. The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement. Under the […]

  • 11 April 2017
    Project & Tenders

    Pura Vida Energy is moving ahead in its efforts to provide funding for the drilling program at the Nkembe block offshore Gabon for which it is still looking for a drilling rig.  Pura Vida informed on Tuesday that its funding efforts in relation to the drilling campaign at Nkembe is progressing well, with a number of […]

  • 13 September 2016
    Project & Tenders

    Pura Vida Energy, an Australian oil and gas company with operations offshore Africa, is working to develop its assets in the Nkembe shallow block, offshore Gabon. The company holds a 100 percent stake in Nkembe production sharing contract, which contains the Loba oil discovery (141m gross oil column). In its presentation on Tuesday, the company […]

  • 19 January 2017
    Exploration & Production

    Pura Vida Energy has reached a conditional agreement with an offshore drilling contractor which will fund a three-well drilling program in the Nkembe block, offshore Gabon. The term sheet envisions the drilling contractor providing a jack-up rig and fund the costs of the rig for the three-well program anticipated to start in the second half of […]

  • 30 January 2017

    Pura Vida Energy is leaving Morocco, and is taking the drilling equipment with it, to use it for an exploration campaign there. In a statement on Monday, the energy company said it was set to complete a settlement agreement with a subsidiary of Freeport-McMoRan Oil & Gas, PXP Morocco B.V. (PXP), in relation to the second […]

  • 17 May 2016

    Pura Vida Energy, an ASX-listed oil explorer focused on Africa, has informed that its directors have agreed to salary cuts as part of company’s cost reduction program. The company said both its executive and non-executive directors agreed to reduce their remuneration, a decision which „demonstrates the Board’s continuing commitment to reduce corporate costs in order […]

  • 15 January 2013

    Pura Vida Energy NL has been awarded an 80% interest in a Production Sharing Contract for the Nkembe block, offshore Gabon (“Nkembe PSC”). Pura Vida will be Operator under the Nkembe PSC with the State of Gabon holding a 20% carried interest. The Nkembe PSC was executed at a signing ceremony attended by His Excellency […]