Search results for: pura vida

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  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 9 May 2016
    Project & Tenders

    Sterling Energy plc has completed its withdrawal from the Ambilobe block, offshore Madagascar. To remind, the AIM listed oil and gas exploration company on April 28, 2016, said its wholly owned subsidiary, Sterling Energy (UK) Limited would exit the block, to focus on shorter cycle revenue generating assets. Prior to the exit from the block, Sterling was […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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, […]

  • 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 […]

  • 13 January 2014

    Sterling Energy Plc, has provided an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,314 km 2D seismic acquisition programme was completed on the Ampasindava Block in December 2013; the data will provide improved sub-surface imaging of the large Sifaka prospect and potentially mature additional prospects in the Ampasindava Block […]

  • 27 April 2015
    Business & Finance, Operations & Maintenance

    Sterling has kicked off its planned 3D seismic survey of 1,250 km² over a high-graded portion of the Ambilobe Block, located offshore Madagascar. The acquisition is being undertaken by CGG Services SA, on behalf of the Joint Venture Partners, and completion is expected within 45-50 days. The Ambilobe PSC, awarded in 2004, is in Phase […]

  • 28 April 2016

    Sterling Energy, an oil and gas exploration company, has issued a notice of withdrawal from the Ambilobe block, offshore Madagascar, to its joint venture partner Pura Vida Mauritius. Sterling is the operator of the Ambilobe block that is located in the Ambilobe deep water basin, offshore north-west Madagascar. Sterling holds 50% interest in the block and […]

  • 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 […]

  • 14 November 2013

    Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company has provided an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,363 km 2D seismic programme is currently in progress on the Ampasindava Block. The programme is designed to provide improved control over the large Sifaka […]

  • 14 November 2013
    Business & Finance, Operations & Maintenance

    Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, provides an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar. A 1,363 km 2D seismic programme is currently in progress on the Ampasindava Block. The programme is designed to provide improved control over the large Sifaka prospect […]

  • 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 […]