HHR 9.09% 0.5¢ hartshead resources nl

Hartleys : Heading into the hot zone

  1. 314 Posts.
    New Hartleys report on the site (3rd Nov)

    "We are now less than three months away from the expected spud date (late January) of Pura Vida Energy’s (PVD) Toubkal-1 well"

    " We maintain our Speculative Buy recommendation on PVD with a target price of $1.16cps"

    The unrisked value for Toubkal is given as $17 - around 40 x our current 43 cents. Interesting that unrisked for **on is now approaching that of Morocco ($23 versus $27 respectively) so its value to PVD has been increasing quite significantly. And as they say, there have been several discoveries there recently in the pre-salt which de-risks the PVD block.

    Must you think be getting close to the time where a bit of excitement starts to build as the risk reward equation looks pretty compelling

    http://www.puravidaenergy.com.au/news_pdf/20141103_Hartleys_Heading_into_the_hot_zone.pdf
 
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