Pura Vida Energy (ASX: PVD) has a 75 per cent interest in the Mazagan Offshore Area. Mazagan is located off the coast of Morocco in the Atlantic. We have modern, high quality 3D seismic data over the block with independently certified prospective resources of more than three billion barrels of oil.
The Toubkal prospect alone has a potential resource range of 180 million to 1.670 billion barrels of oil, with a mean estimate of 790 million barrels of oil. Toubkal is an analogue of the billion barrel Jubilee field in Ghana – the largest oil discovery made in West Africa in the past decade.
Damon Neaves, MD of Pura Vida Energy (ASX:PVD), tells Proactiveinvestors that with the programme in place for this year there is a compelling investment case at the current share price. Damon talks as well about the strong management team at Pura Vida which combines both technical experience as well as having a deep knowledge of acquisitions in the oil and gas sector, something that Damon fully expects to be able to utilise.
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