PVD derisks Loba

AFRICAN explorer Pura Vida has decided to stop spending on its permit offshore Gabon until it can find a partner, but believes an improved reserves review of its Loba oil field may be the bait that lures a partner for three wells planned before the PSC expires in January.

PVD derisks Loba PVD derisks Loba PVD derisks Loba PVD derisks Loba PVD derisks Loba

Gabon flag.

The company has gone through its share of executive shake-ups recently, but the management team remains focused on finding a partner for the Nkembe block, and the appraisal drilling of Loba.