Pura Vida's payday

PURA Vida Energy and Freeport-McMoRan have struck a settlement over the US copper giant’s decision not to drill a second wildcat well in Moroccan waters that will give the Perth-based junior a cash injection and the unused drilling equipment.

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Pura Vida’s casing has now been shipped to Port Gentil, Gabon.

 
Pura Vida said this morning that Freeport has agreed to pay a total of around $A9.4 million, including the earlier $US1.