HHR – Hartshead Resources | Aussie Stock Forums

Pura Vida rundown for you all.

41.4m shares on issue (diluted)
$15m market capitalisation (as at 7/5/12)
Net Cash $4.9m (as at 30/3/12) $4.4m unpaid capital

PVD just successfully completed $3m cap raising to sophisticated investors.
http://www.asx.com.au/asxpdf/20120706/pdf/4278tq0xy49ghc.pdf

N+1 Brewin Research Report here.
http://www.puravidaenergy.com.au/n1_pdf/Revised_Broker_Research_Note.pdf

N+1 Brewin is a leading UK corporate and institutional stockbroker with a highly regarded oil & gas research team
N+1 Brewin rated Pura Vida against its peers on ASX, AIM and TSX with an African exploration focus
Pura Vida trades on a Risked EV/Prospective Resources basis of $0.15/boe wheareas the adjusted average of the peer group is $1.00/boe

Mazagan permit
► Total area of 10,900km² (2.7m acres)
► Operator and 75% interest holder
► 3,570km² of modern 3D seismic
► Net 2.4 billion barrels of mean prospective recoverable resources attributable to PVD

Independent play types defined on 2D & 3D data in the Miocene and Lower Cretaceous
Essaouira basin – proven hydrocarbon system
Shows in 80% of wells drilled offshore Morocco
High impact drilling program targeting several hundred million barrels net to Pura Vida
Huge Toubkal prospect 790 mmbbl (mean)
Toubkal is a ‘look-a-like’ of the billion barrel Jubilee field in Ghana – the largest oil discovery in West Africa in the past decade
Recent significant increase in transactional activity
Kosmos has taken surrounding positions

KEY OBJECTIVES FOR 2012…
1. Complete seismic reprocessing – improve risking and recognise additional resources
2. Secure funding for drilling program targeting Mazagan’s huge potential resources
3. Achieve market recognition of the value of the Mazagan permit
4. Build a diversified portfolio of energy assets through acquisition

Management team
Damon Neaves Managing Director
Formerly BDM for Tap Oil
Led Business Development, Commercial and Legal teams during 8 year tenure at Tap
Several major acquisitions, many involving entry into new countries: Thailand, Ghana, Indonesia, Brunei, Philippines, Australia & NZ
Established highly profitable domestic gas business
Upstream project management experience
Legal/corporate advisory background

David Ormerod Technical Director
Over 25 years experience in the oil and gas sector
Participated in several major discoveries over his career: Maddog, Atlantis and Neptune (deep water GoM ) and Stybarrow (NWS)
Responsible for Karoon Gas’ entry into Brazil which saw a period of dramatic growth in shareholder value
Experience with BHPBP, Woodside, Stirling and Tap in areas as diverse as the Gulf of Mexico (GoM), West Africa, SE Asia and the NW Shelf

Bevan Tarratt Chairman
Accounting industry background focused on small/mid caps
Founding partner of Hemisphere Corporate
Equity markets experience with Patersons Securities
Managed IPOs, secondary raisings and re-structuring of numerous listed companies
Director of a number of Australian public companies

I am going to enter this into my low cap low liquidity thread, I dont really need the extra work load but I want this on my number 1 watchlist.