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
New Hartleys report on the site (3rd Nov) "We are now less than...
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