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Pura Vida Energy Readies Results From Offshore Morocco

Pura Vida Energy (ASX:PVD) has some interesting news in the pipeline regarding preliminary results in relation to the MZ-1 exploration well, offshore Morocco.

Pura Vida has a 23% interest.

The total gross unrisked mean prospective resources is over 1.4 billion barrels (328 mmbo net to Pura Vida), with a high case of over 3.0 billion barrels.

The estimated well cost is US$136.6 million (including contingencies).

Pura Vida carried up to US$215 million by Freeport plus option at Pura Vida's election for additional carry in excess of US$215 million

The halt will remain in place until the opening of trade on Wednesday 29th July 2015, or earlier if an announcement is made to the market.

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