Investor Presentation Subscribe to FRONTIER - visit our website at www.puravida.com.au and subscribe to receive FRONTIER, our email alert service. FRONTIER is the fastest way to receive breaking news about Pura Vida February 2012 ► IPO oversubscribed ► Listing on ASX on 14 February 2012 ► Mazagan exploration program underway
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Pura Vida Energy (ASX:PVD) Investor presentation (13 Feb 12)
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Investor Presentation
Subscribe to FRONTIER - visit our website at www.puravida.com.au and subscribe to receive FRONTIER, our email alert service. FRONTIER is the fastest way to receive breaking news about Pura Vida
February 2012
► IPO oversubscribed
► Listing on ASX on 14 February 2012
► Mazagan exploration program underway
2
Snapshot
LOCATION OF MAZAGAN PERMIT
AFRICA
Australian oil company
African focused
Large acreage position off the Atlantic coast
of Morocco
Independently certified potential resources
of over a billion barrels of oil
Industry experienced
management team
Building diversified E&P portfolio
Actively building a diversified E&P portfolio:
Geographic focus on Africa
Material equity positions with significant upside
Pick emerging areas ‘ahead of the pack’
Leverage experience and networks of management team
Increase value of Mazagan – the forward exploration program designed to de-risk Mazagan
prospects and recognise additional resources to secure funding for a drilling program targeting
several hundred million barrels of oil
Pura Vida has assembled an Industry experienced board and management team with
extensive commercial, technical and A&D expertise:
Several major discoveries
Track record of deals that achieved significant growth in shareholder value
Ability to pick emerging areas
Strong combination of commercial & technical skills
3
Growth strategy
Pura Vida Energy
Oct Nov Dec Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2012 2013
Timeline
2011
Second exploraiton period commences
Seismic reprocessing
Farmout
Drop core program
Admission to ASX
Potential acquisition of new project
Exploration well(s)
Review of prospects & forward program
4
DIVERSIFY PORTFOLIO
IMPROVE RISKING & RECOGNISE ADDITIONAL RESOURCES TESTING FOR
► Pura Vida has assembled a management team with extensive commercial, technical and A&D expertise with a track record of exploration success and value accretive acquisitions
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► Combined structural/stratigraphic traps supported by DHI’s on 3D seismic have been drilled with considerable success in NW Africa in recent years…
WPL (2001-03) CHINGUITTI, TIOF, BANDA
ANADARKO (2010) MERCURY
VANCO (2009) DZATA
ANADARKO (2009) VENUS
KOSMOS (2007) JUBILEE
KOSMOS (2008-10) ODUM, TEAK
TULLOW (2009-10) TWINEBOA, OWO
CNR (2001) BAOBAB
AMPLITUDE SCALE
LOW (WATER)
MODERATE (OIL)
HIGH (GAS)
9
Seismic amplitudes on Toubkal
A’ A’
A
A’
Gas
Oil
Water
3D SEISMIC LINE SEISMIC AMPLITUDE MAP
Salt
FIT TO STRUCTURE
OIL ON WATER
RESERVOIR
Amplitude cut-off at common depth…
10
Hydrocarbon fill
Jubilee Toubkal
OIL WATER CONTACT
OIL WATER CONTACT
NO AMPLITUDE RESPONSE (NO RESERVOIR)
AREA OF BRIGHT SEISMIC AMPLITUDES (RESERVOIR)
11
Jubilee analogue
Seismic definition of Toubkal is a ‘mirror image’ of Jubilee
Similar in scale, volume and structure
3D seismic on both structures show bright amplitudes conforming to
structural closure
JUBILEE STATS.
WATER DEPTH (m) 1,250
RESERVES (mmbbl)
P90 500 P50 1,000 P10 1,800
TOUBKAL STATS.
WATER DEPTH (m) 1,200
POTENTIAL RESOURCES (mmbbl)
P90 180 P50 560 P10 1,670
LIMIT OF RESERVOIR
LIMIT OF RESERVOIR
Strong conformance of high amplitudes and structural closure…
12
ZAGORA mmbbl
BLUE POLYGON (P90) 13
RED POLYGON (P10) 95
MEAN 47
AMCHAD mmbbl
BLUE POLYGON (P90) 8
RED POLYGON (P10) 81
MEAN 38
Zagora & Amchad
Sovereign risk amongst lowest in Africa
Stable and democratic constitutional
monarchy
Established codified petroleum regime
Highly developed energy, transport &
communication infrastructure
Significant increase in transactional
activity by large independents - Kosmos
& Anadarko
Level of exploration activity is set to
increase sharply
Growing domestic energy requirements.
Morocco is the world’s third-largest
producer of Phosphates (after the US)
Forecast GDP growth of 5%
European based laws
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Morocco
THE NEW TANGIER-MED PORT IN MOROCCO IS THE LARGEST
CARGO PORT IN AFRICA
Mature acreage
Modern, high quality 3D seismic data over Mazagan has revealed Direct Hydrocarbon Indicators (DHI’s) on
drilling prospects
Significant upside
Independently certified potential resources of greater than one billion barrels of oil
Value
Pura Vida provides a compelling investment proposition at current market prices:
• Value compares favourably to peers on ASX, TSX & AIM
• Risked value of our prospects is considerable
• Asymmetric risk-reward opportunity
Leverage
Tight capital structure (63m shares on issue) provides investors with significant leverage in success case
Growth
Industry experienced board and management team with a demonstrable track record of growth in
shareholder value through exploration success and value accretive acquisitions
14
Why invest?
Certain statements contained in this presentation, including information as to the future financial or operating
performance of Pura Vida Energy NL (Pura Vida) and its projects, are forward-looking statements. Such forward looking
statements:
are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Pura
Vida, are inherently subject to significant technical, business, economic, competitive, political and social
uncertainties and contingencies;
involve known and unknown risks and uncertainties that could cause actual events or results to differ materially
from estimated or anticipated events or results reflected in such forward-looking statements; and
may include, among other things, statements regarding targets, estimates and assumptions in respect of
production, prices, operating costs, results, capital expenditures, reserves and resources and anticipated flow
rates, and are or may be based on assumptions and estimates related to future technical, economic, market,
political, social and other conditions.
Pura Vida disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of
new information, future events or otherwise.
All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements.
Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly
investors are cautioned not to rely on forward-looking statements due to the inherent uncertainty therein.