Pura Vida moves to Poland

PURA Vida Energy is moving to Poland, taking a 35% interest in the Nowa Sol and Gora onshore projects in the nation’s Permian basin for a total of A$6.15 million , chasing what it calls lower risk, lower cost near term European assets with two wells ready to be fracced and stimulated.

Pura Vida moves to Poland Pura Vida moves to Poland Pura Vida moves to Poland Pura Vida moves to Poland Pura Vida moves to Poland

Image obtained: Pura Vida

 

The share price moved nearly 60% as a result of the news.

To fund the move it's now planning a $3.7 million capital raise for 55.5 million shares to sophisticated investors at a price of 1.

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