HARTSHEAD RESOURCES NL — AGM Information 2013

Nov 10, 2013

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ASX Code: PVD

11 November 2013

Dear Shareholder

LETTER TO SHAREHOLDERS PVD Enters Drilling Phase

It is timely to write to you following the successful completion of the farmin by Freeport-McMoRan Oil & Gas into Pura Vida Energy’s Mazagan project. This deal represents a great achievement and is a significant milestone for the Company which sees us fully funded for two firm wells in a high impact deep water drilling program.

On behalf of the Board and management, I would like to convey our appreciation for the loyalty and support of our shareholder base. Pura Vida has grown substantially since we listed early last year. The Mazagan farmout is transformational and we are now entering the drilling phase for the first time. We have also been successful in broadening the portfolio by acquiring new projects in Gabon and Madagascar. We now have a high quality diversified portfolio with a lot of activity and news flow ahead of us.

Pura Vida is in the envious position of being free-carried in a drilling program targeting huge potential resources. This is an exciting time and your support in getting us to this stage is highly valued by the Board.

With the injection of US$15 million on completion of the farmout and up to US$215 million funded for exploration of Mazagan, Pura Vida is now stronger than ever.

Accompanying this letter is a chart which featured in our recent Annual Report. It demonstrates the story of PVD so far, from listing until the recent farmout. With your support we have achieved a great deal in a short time and our performance in the market is a reflection of those achievements. Looking forward, I have full confidence in our partner, Freeport-McMoRan, and the Company’s management to deliver the next stage of growth.

I look forward to seeing you at the AGM on 29 November 2013, commencing at 9.00am at The Terrace Hotel, 237 St Georges Terrace, Perth and I will be available to speak with you after the event.

Yours sincerely

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DAMON NEAVES MANAGING DIRECTOR

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Chevron 9
7 Positive
results awarded 16 Acquisition
from neighbouring 15 BP of
Activity Driving Performance drop core blocks in farms Ambilobe
THE STORY SO FAR… program Morocco into neigh- Block
Since listing in early 2012, Pura Vida has demonstrated its ability to deliver growth through meeting technical and operational of Mazagan completion Early 6 8 Mazagan Farmout 10 Acquisition of Nkembe block 11 20 mmbo contingent resource at Loba oil field 14 Total makes first pre-salt bouring blocks in Morocco 17 Mazagan farmout completes
objectives, building a high quality exploration portfolio and first phase 13 Loba M 1 discovery
executing value accretive deals. The chart shows how this exploration cores offshore
Gabon
activity has driven a strong performance in the market. confirm
oil column
Resource 5 12 815 in Loba
Upgrade mmbo net discovery
prospective well
3 Cairn resource
2 Release of & Genel 4 Completion in Nkembe
preliminary farmin to of reprocessing block
resource nearby of 3D seismic
estimates blocks in data
Morocco
1 IPO
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1. IPO

6. EARLY COMPLETION OF MAZAGAN FIRST PHASE EXPLORATION

10. ACQUISITION OF NKEMBE BLOCK

15. BP FARMS INTO NEIGHBOURING BLOCKS IN MOROCCO

2. RELEASE OF PRELIMINARY RESOURCE ESTIMATES

16. ACQUISITION OF AMBILOBE BLOCK

7. POSITIVE RESULTS FROM DROP CORE PROGRAM

11. 20 MMBO CONTINGENT RESOURCE AT LOBA OIL FIELD

17. MAZAGAN FARMOUT COMPLETES

3. CAIRN & GENEL FARMIN TO NEARBY BLOCKS IN MOROCCO

12. 815 MMBO NET PROSPECTIVE RESOURCES IN NKEMBE BLOCK

8. MAZAGAN FARMOUT

OUR FUTURE IS IN SAFE HANDS…

4. COMPLETION OF REPROCESSING OF 3D SEISMIC DATA

13. LOBA M 1 CORES CONFIRM OIL COLUMN IN LOBA DISCOVERY WELL

5. RESOURCE UPGRADE

1. CHEVRON AWARDED NEIGHBOURING BLOCKS IN MOROCCO

14. TOTAL MAKES FIRST PRE-SALT DISCOVERY OFFSHORE GABON