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Saturday, June 8, 2013
Pura Vida completed the initial evaluation of the potential resources in the Nkembe Block offshore Gabon. The evaluation has resulted in the recognition of net mean recoverable prospective resources to Pura Vida of 815 mmbo.
This resource estimate is based on the first four prospects (outside of the Loba M 1 resource) reviewed so far by Pura Vida on the Nkembe block. Further resource estimates will be provided during the course of the year in relation to the variety of prospects and plays present on Pura Vida’s Nkembe block.
The company also plans to commence the process to farm out a stake in the block. Toward farming out a stake the company has contacted EZDataRoom to assist it in the process.
Pura Vida’s technical director, David Ormerod, said: “We were attracted to the Nkembe block because of the range of play types. Earlier in the year we announced a 20 mmbo contingent resource at the Loba M 1 discovery in the post-salt. Today’s resource estimate recognizes the significant exploration potential of other plays present in the Nkembe block, particularly the pre-salt which is the main play currently being targeted by the industry in Gabon. This is a pleasing outcome ahead of our planned farmout to fund activities on the block.”
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