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HARTSHEAD RESOURCES NL — Capital/Financing Update 2014
May 6, 2014
65052_rns_2014-05-06_502cb48c-f397-44c7-9610-5b0d36b82933.pdf
Capital/Financing Update
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7 May 2014
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REPAYMENT OF DEBT
Pura Vida Energy NL (“Pura Vida” or the “Company”) (ASX:PVD) advises that it has today paid A$2.4 million in full and final settlement of the debt facility which was used to partially fund the acquisition of the Nkembe Block, Offshore Gabon.
Pura Vida has a strong balance sheet with A$21.5 million in cash, no debt and is funded on forward activities including a free-carry of up to US$215 million for two deepwater wells in the Mazagan Permit, Offshore Morocco.
About Pura Vida Energy: Pura Vida is an Australian-based African oil explorer building a portfolio of high quality assets. Pura Vida currently has operations offshore Morocco, Gabon and Madagascar with significant resource potential and a fully funded high-impact drilling program.
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CONTACT MEDIA CONTACT Damon Neaves, Managing Director John Gardner or Rupert Dearden w: +61 8 9226 2011 MAGNUS Investor Relations e: [email protected] w: +61 8 6160 4900