What is the primary goal of this investor presentation?

The primary goal is to update investors on the technical progress and resource potential of Pura Vida Energy’s offshore assets in Africa. By showcasing high-resolution seismic data and proximity to industry giants, the company aims to build confidence in its exploration strategy and the commercial viability of its upcoming drilling programs.

How does Pura Vida Energy quantify its potential success?

The company uses 'mmbo' (million barrels of oil) as its primary metric for potential. For example, it cites a 1,068 mmbo prospective resource for Mazagan (Slide 16) and a 1,112 mmbo potential for Mouveni West & Deep (Slide 7). These are un-risked estimates, representing the upside if exploration is successful.

Who are the key competitors or neighbors mentioned in the deck?

Pura Vida highlights its 'prime location' by showing its blocks adjacent to those operated by Chevron, BP, Kosmos, Genel, and Cairn (Slide 4). In the oil and gas sector, being near successful majors is often used as a proxy for geological validity and infrastructure access.

What technical evidence does the company provide for its claims?

The deck relies heavily on geophysical data, including 3D seismic sections, depth maps, and amplitude maps (Slides 16 and 19). These tools are used to identify 'stacked targets' and 'turbidite channels,' which are geological features likely to contain hydrocarbons.

What is missing from this deck compared to a standard startup pitch?

This deck lacks a specific 'Ask' slide detailing how much capital is being raised and how it will be spent. It also omits a clear roadmap or timeline for the next 12–24 months, focusing instead on the geological 'what' rather than the operational 'when.'

Pura Vida Energy Pitch Deck (2015): 21-Slide Breakdown

See all 21 slides of the Pura Vida Energy pitch deck — a 2015 deck — with a slide-by-slide teardown of what the deck does well and where it falls short.

Pura Vida Energy, an ASX-listed explorer, presented this roadshow deck in April 2015 to highlight its portfolio in Morocco and Gabon. The presentation is heavily technical, relying on 3D seismic data, amplitude maps, and proximity to majors like Chevron, BP, and Kosmos to validate its 'prime location' claims. While the deck excels at demonstrating geological potential—citing prospective resources such as 1,068 mmbo for the Mazagan project—it lacks traditional startup metrics like a clear financial 'ask,' use of funds, or a detailed timeline for commercialization. It functions primarily as a g…

Key takeaways

The company is publicly traded on the ASX under the ticker PVD, as noted on the slide 1 header.
Pura Vida positions its Mazagan offshore Morocco project as a 'Prime Location' due to its proximity to blocks held by Chevron, BP, and Kosmos (Slide 4).
The MZ-1 well in Morocco is designed to penetrate five stacked targets to enhance the chance of a commercial discovery (Slide 4).
Prospective resource estimates for the Mazagan project reach a combined mean of 1,068 mmbo (million barrels of oil) gross and un-risked (Slide 16).
In Gabon, the Nkembe block features multiple opportunities including the Loba discovery (10 mmbo) and the Mouveni West & Deep potential of 1,112 mmbo (Slide 7).
The leadership team features significant industry experience, including a Managing Director who founded the company and a Director with 35 years of geoscience experience (Slide 10).
Technical validation is provided through 3D seismic sections and amplitude maps to identify 'Direct Hydrocarbon Indicators' (DHIs) (Slide 19).
The deck includes a heavy disclaimer regarding forward-looking statements and the inherent risks of undiscovered accumulations (Slide 13).

Introduction and Portfolio Overview

Pura Vida Energy’s April 2015 Investor Presentation is a specialized document tailored for the high-risk, high-reward world of offshore oil and gas exploration. As an ASX-listed entity (ticker: PVD), the company uses this deck to bridge the gap between complex geological data and investor interest. The cover slide (Slide 1) sets a professional tone with high-quality maritime imagery, immediately establishing the sector context.

Slide 4: Mazagan, Offshore Morocco – Prime Location

This slide serves as the primary 'validation' slide for the Moroccan assets. Pura Vida utilizes a map to show their MZ-1 well location in relation to industry heavyweights. By placing their orange-highlighted block directly adjacent to blocks labeled CHEVRON , KOSMOS & BP , and GENEL , they are employing a 'neighborhood' strategy. The logic is simple: if the majors are spending billions next door, the geology is likely proven. The slide notes that the MZ-1 well is designed to penetrate up to five stacked targets, which is a strategic move to maximize the probability of discovery within a single drilling campaign.

Slide 7: Nkembe, Offshore Gabon – Multiple Opportunities

Moving to Gabon, Pura Vida shifts from a single-well focus to a 'hub' strategy. They highlight the Loba Field as a potential development hub with 10 mmbo, surrounded by additional prospects like Lepidote (65 mmbo) and Mouveni West & Deep (1,112 mmbo) . The use of specific resource figures (citing an ASX announcement from June 2014) provides a quantitative scale to the opportunity. The mention of 'pre-salt discoveries in Angola and Brazil' as analogues is a classic exploration pitch tactic, linking their local assets to globally recognized, prolific oil provinces.

Slide 10: The Board of Directors

In exploration, the team is as important as the acreage. Pura Vida presents a three-person board with deep institutional and technical roots. Jeff Dowling brings Ernst & Young leadership and mining experience; Damon Neaves (Managing Director) provides the founder’s vision and a background in legal and corporate advisory; and Ric Malcolm provides the technical backbone with 35 years as a geoscientist, including roles at OMV and Woodside. This balance of finance, law, and geology is designed to reassure investors that the company can manage both the technical risks of drilling and the corporate risks of being a public entity.

Slide 13: Contacts & Disclaimer

This slide is a standard requirement for a listed company, but it contains crucial information regarding their resource estimates. It clarifies that the estimates for Mazagan were prepared by DeGolyer & MacNaughton , a well-known third-party consultancy, while Gabon estimates were prepared by an internal geologist. This distinction is important for investor due diligence, as third-party audits carry more weight in the energy sector.

Slide 16: Technical Deep-Dive – Mazagan MZ-1 Targets

Slide 16 is the most data-heavy portion of the deck. It features a Depth Section showing 'Fan 1, Fan 2, and Fan 3' stacked on top of each other. The inclusion of Amplitude Maps is intended to show 'Direct Hydrocarbon Indicators.' For a lay investor, these colorful maps might be confusing, but for an energy analyst, they represent the evidence required to justify a multi-million dollar drilling expenditure. The slide claims a combined mean prospective resource potential of 1,068 mmbo , a massive figure that represents the 'blue sky' potential of the project.

Slide 19: Lepidote Deep – Gabon Technicals

The final technical slide focuses on the Lepidote Deep prospect in Gabon. It uses 3D seismic data to explain why a previous well (LEM-1, drilled in 1973) failed to find the main prize. Pura Vida argues that the 1973 well was based on 2D data and missed the 'high amplitude channelised interval' that their modern 3D data has now identified. This 'modern technology vs. old data' narrative is a common and effective way for explorers to re-evaluate mature basins.

What Pura Vida Energy Does Well

The deck is exceptionally strong on Geological Validation . By using high-resolution seismic imagery and third-party resource estimates, they move beyond mere speculation. They also excel at Strategic Positioning , clearly showing that they are operating in the same 'play' as global majors. The use of 'stacked targets' as a recurring theme (Slides 4, 7, and 16) is a smart way to communicate risk mitigation; if one target fails, there are four more in the same hole.

What Is Missing

Despite the technical brilliance, the deck is missing several key components of a standard fundraising pitch:

The Ask: There is no slide stating how much money the company needs or what the current valuation/market cap is (though they mention being ASX-listed). · Use of Funds: While it is implied the money goes to drilling, a breakdown of seismic costs vs. drilling costs vs. G&A is absent. · Timeline: There is no clear 'Roadmap' slide showing when the MZ-1 well will spud or when results are expected. · Financials: There are no mentions of cash-on-hand or burn rate, which are critical for junior explorers.

Founder Takeaways

Founders in capital-intensive industries should take note of Pura Vida’s use of analogues . By comparing their Gabon assets to the massive pre-salt finds in Brazil, they give investors a mental framework for the potential scale. Additionally, the Directors slide is a masterclass in highlighting relevant experience; every bullet point is tailored to prove they can handle the specific challenges of African offshore exploration. However, founders should ensure they include a clear 'Next Steps' or 'Timeline' slide to ground the technical excitement in operational reality.

Frequently asked questions

What is the primary goal of this investor presentation?: The primary goal is to update investors on the technical progress and resource potential of Pura Vida Energy’s offshore assets in Africa. By showcasing high-resolution seismic data and proximity to industry giants, the company aims to build confidence in its exploration strategy and the commercial viability of its upcoming drilling programs.
How does Pura Vida Energy quantify its potential success?: The company uses 'mmbo' (million barrels of oil) as its primary metric for potential. For example, it cites a 1,068 mmbo prospective resource for Mazagan (Slide 16) and a 1,112 mmbo potential for Mouveni West & Deep (Slide 7). These are un-risked estimates, representing the upside if exploration is successful.
Who are the key competitors or neighbors mentioned in the deck?: Pura Vida highlights its 'prime location' by showing its blocks adjacent to those operated by Chevron, BP, Kosmos, Genel, and Cairn (Slide 4). In the oil and gas sector, being near successful majors is often used as a proxy for geological validity and infrastructure access.
What technical evidence does the company provide for its claims?: The deck relies heavily on geophysical data, including 3D seismic sections, depth maps, and amplitude maps (Slides 16 and 19). These tools are used to identify 'stacked targets' and 'turbidite channels,' which are geological features likely to contain hydrocarbons.
What is missing from this deck compared to a standard startup pitch?: This deck lacks a specific 'Ask' slide detailing how much capital is being raised and how it will be spent. It also omits a clear roadmap or timeline for the next 12–24 months, focusing instead on the geological 'what' rather than the operational 'when.'

Cover slide of the Pura Vida Energy pitch deck — Public (ASX Listed) 2015 — Pura Vida Energy pitch deck, slide 1 (2015)

Pura Vida Energy pitch deck: the facts

Company: Pura Vida Energy
Year: 2015
Stage: Public (ASX Listed)
Slides: 21
Sector: Oil and Gas Exploration
Deck type: Investor Roadshow
Outcome: Not stated
Headquarters: Perth, Australia

Pura Vida Energy pitch deck PDF

The full Pura Vida Energy deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Pura Vida Energy NL pitch deck was used for

This deck is an April 2015 investor roadshow presentation for Pura Vida Energy NL, an ASX-listed African-focused offshore oil and gas explorer (ticker PVD), aimed at public market investors. The presentation outlines the company’s exploration portfolio, including interests offshore Morocco, Gabon and Madagascar, and highlights upcoming high-impact drilling and seismic activity. At the time, Pura Vida was a pre-production explorer positioning its assets as having billion-barrel potential while being fully carried on an imminent Moroccan exploration well. The deck appears designed to support ongoing secondary-market investor engagement rather than a single discrete private funding round, consistent with its ASX-listed status in 2015.

Business model: Australian-based oil and gas exploration company focused on offshore exploration blocks in Africa, including interests offshore Morocco, Gabon and Madagascar.

Headquarters: Perth, Western Australia, Australia.
Industry: Oil and gas exploration and production (Energy sector).

What happened after the Pura Vida Energy NL deck

The high-impact African offshore exploration narrative presented in the 2015 deck did not culminate in the development of producing assets, and the company ultimately pivoted to new projects and rebranded as Ansila Energy, supported by subsequent capital raisings.

By 2019, Pura Vida had shifted emphasis towards onshore oil and gas projects in Poland through a transaction with Gemini
The company undertook a fully underwritten entitlement offer of approximately A$2.7 million in 2019 and moved to change

What the Pura Vida Energy NL deck got right

Coherent multi-basin African exploration portfolio. The deck presents a diversified African offshore exploration portfolio with interests in Morocco, Gabon and Madagascar, each described as having large-scale prospective resources and exposure to multiple plays, which creates a clear, cohesive exploration story for investors.
Carried Moroccan well offering asymmetric upside. Pura Vida emphasises a 23% interest in an offshore Moroccan license where it is fully carried on an upcoming exploration well targeting more than 1 billion barrels of oil, giving investors leveraged exposure to a potentially company-making catalyst with reduced immediate capital risk.
Effective use of analogues and nearby discoveries. The presentation leverages proximity to major industry players and analogues to large nearby discoveries to frame its acreage as being ‘on trend’ with proven petroleum systems, strengthening the perceived geological credibility of its prospects.
Near-term funding position supports catalyst delivery. ASX materials around the same period indicate that Pura Vida had a substantial cash balance relative to its size (around A$15 million as of 30 June 2015) and a modest market capitalisation, which the deck uses implicitly to suggest that the company is funded for near-term exploration while still offering significant upside.
Transparent articulation of near-term catalysts. The deck clearly identifies near-term operational milestones—such as the Moroccan well and 3D seismic in Madagascar—giving public investors concrete timelines and catalysts to monitor.
High working interests magnify potential value capture. The company’s focus on high working interests (including 100% ownership in Gabon and 50% in Madagascar) reinforces the message that successful exploration could have a disproportionately large impact on shareholder value.

What could have been stronger

Heavy emphasis on upside volumes with limited third-party validation detail. The deck emphasises billion-barrel resource potential in Morocco and Gabon and describes multiple high-impact leads, but there is limited disclosure of independent reserves or resource certifications, detailed risking assumptions, or sensitivity analyses beyond headline prospective resource figures. For public investors, this makes it harder to assess how much of the upside is grounded in third-party-validated technical work versus internal estimates.
Limited visibility on downside funding scenarios. While the deck positions the company as funded for a high-impact drilling program and later ASX materials show cash of about A$15 million at 30 June 2015, it provides little transparency in the slides about forward funding requirements if wells are unsuccessful, including contingency plans, cost-cutting levers, or dilution scenarios. This limits an investor’s ability to understand downside capital structure risk from the deck alone.
Execution and timing risks underplayed in narrative. The presentation highlights carried wells and partnerships in Morocco and significant working interests elsewhere, but does not provide detailed timelines, counterparties’ balance sheet strength, or explicit discussion of past delays or operational risks in these jurisdictions. Investors relying solely on the deck may underestimate execution and timing risk in complex offshore African projects.

How an investor would read this deck

What draws attention

High working interest positions offshore Gabon and Madagascar and a carried 23% interest in Morocco that offers large exposure to exploration upside with reduced immediate capital outlay in at least one key asset.
Near-term drilling and seismic catalysts, particularly the fully carried Moroccan well targeting over 1 billion barrels, which could be transformative for the company’s valuation if successful.
The company’s then solid cash balance and modest market capitalisation, suggesting leveraged exposure to exploration outcomes for public investors.
Management’s focus on underexplored basins with analogues to major discoveries by larger operators nearby, which may support future farm-outs or strategic interest.

Risks that stand out

Exploration risk is very high: Pura Vida was a pure-play offshore explorer with no producing assets, so value was heavily contingent on a small number of high-impact wells, any of which could fail to discover commercial hydrocarbons.
Jurisdictional and operational risk in offshore Morocco, Gabon and Madagascar, where regulatory frameworks, infrastructure and operational conditions can increase the likelihood of delays, cost overruns or project cancellations.
Financing and dilution risk if exploration outcomes are negative or delayed; while the company reported a strong cash balance at mid-2015, future capital requirements could be significant relative to its market capitalisation.
Portfolio concentration risk, as a small set of frontier exploration licenses dominated the company’s value proposition, leaving limited diversification against exploration or political setbacks.

Questions this deck invites

What were the outcomes of the key exploration wells referenced in the 2015 deck—particularly the carried Moroccan well—and how did results compare to the pre-drill resource and risking assumptions presented?
How robust were the geological and geophysical interpretations underlying the claimed billion-barrel potential in Morocco and Gabon, and what independent technical reports or CPRs were available at the time to substantiate these figures?
What were the precise farm-out and carry terms in the Moroccan project, including cost caps, optionality, and operatorship, and how did these shape Pura Vida’s risk-reward profile relative to its peers?
Given the jurisdictions involved (Morocco, Gabon, Madagascar), what specific regulatory, environmental, and political risks did the company face, and how were these mitigated contractually or via local partnerships?
How did management’s track record and prior exploration outcomes in similar basins compare to the ambition level of this portfolio, and what governance or incentive structures were in place to align them with public shareholders?

What founders can take from the Pura Vida Energy NL deck

For listed exploration companies, a public investor presentation can function as a de facto pitch deck, using the same storytelling tools—portfolio overviews, nearby discoveries and catalysts—to frame upside for equity markets.
Highlighting farm-out carries and high working interests can compellingly convey asymmetric upside, but sophisticated investors will still require detailed terms and independent technical validation to assess true risk-reward.
Positioning assets near major oil company discoveries and infrastructure is a powerful narrative device, yet without clear data on analogues and geologic continuity, the implied derisking may be overstated in an investor deck.
Frontier exploration decks that rely heavily on large prospective resource numbers benefit from transparent discussion of downside cases and funding plans, as public investors closely scrutinise dilution and capital structure risk.
Tracking what happened after a deck—such as Pura Vida’s later pivot towards Polish assets and a name change—underscores how early-stage exploration stories can evolve dramatically, and why investors should revisit assumptions made at the time of the original pitch.

Pura Vida Energy NL pitch deck: common questions

What does Pura Vida Energy do?

Pura Vida Energy NL is an Australian-based oil explorer focused on offshore blocks in Africa, including interests offshore Morocco, Gabon and Madagascar. It listed on the Australian Securities Exchange (ASX) under the ticker PVD and positions itself as a high-impact exploration company rather than a producing operator.

What assets and projects did Pura Vida highlight in its 2015 investor deck?

In 2015, Pura Vida’s portfolio included a 23% interest in an offshore Morocco license where it was fully carried on an upcoming exploration well targeting a potential resource of over 1 billion barrels of oil. It also held a 100% interest in the Nkembe block offshore Gabon and a 50% interest in an offshore block in Madagascar, both framed as having multi-billion barrel potential in underexplored basins.

Was the 2015 deck tied to a specific capital raise?

The 2015 investor presentation was aimed at existing and prospective public market investors in Pura Vida’s ASX-listed shares, rather than as a traditional private fundraising deck. It focused on communicating the scale and timing of upcoming exploration catalysts—especially the carried Moroccan well and planned seismic programs—to support the company’s valuation and potential future capital-raising capacity.

What was Pura Vida’s financial position around mid-2015?

According to a 2015 investor presentation, Pura Vida reported issued capital of about 150.9 million ordinary shares and a market capitalisation of approximately A$43.8 million at a share price of A$0.29, with cash of around A$15 million as of 30 June 2015. These figures framed the company as funded for its near-term exploration program while still in the pre-production stage.

What happened to Pura Vida after this 2015 presentation?

Subsequent reporting shows that Pura Vida remained an exploration-stage company and later shifted focus, including a move into Polish oil and gas assets and a planned name change to Ansila Energy. These developments indicate that the large-scale African exploration targets highlighted in the 2015 deck did not progress into producing assets as originally envisaged, and the company instead pursued new opportunities and restructurings.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

Pura Vida Energy pitch deck slides

Pura Vida Energy pitch deck slide 1 of 21 — Pura Vida Energy pitch deck — slide 1 of 21

Pura Vida Energy pitch deck slide 2 of 21 — Pura Vida Energy pitch deck — slide 2 of 21

Pura Vida Energy pitch deck slide 3 of 21 — Pura Vida Energy pitch deck — slide 3 of 21

Pura Vida Energy pitch deck slide 4 of 21 — Pura Vida Energy pitch deck — slide 4 of 21

Pura Vida Energy pitch deck slide 5 of 21 — Pura Vida Energy pitch deck — slide 5 of 21

Pura Vida Energy pitch deck slide 6 of 21 — Pura Vida Energy pitch deck — slide 6 of 21

What each slide of the Pura Vida Energy pitch deck says

Slide 1

= I, ‘ “7 NN puravida’! energy Investor Presentation April 2015

Slide 2

Investment Highlights » Listed on ASX in early 2012 > Quality exploration portfolio spanning North, West and East Africa Strategy MAZAGAN " > African focused explorer {O° a Tg -. > Identify and capture large unrecognised and/or under-valued p=" “er N acreage A mi] <> . v, Go E> » Seek qualified industry partners to fund drilling while maintaining " 0 FA P meaningful equity stake Wer ie Bo y : . Ng Achievements to Date CIT oa bf < TP A % > Bid and captured 75% of an offshore block (Mazagan) in Morocco Ea. (EN E847. Fo = w. 0 (2011) and farmed out to a subsidiary of Freeport McMoRan | NKEMBE 5 AT (2013) to fund two wells, retaining a 23% interest PRT ay » Bid and captured 100%* of an offshore…

Slide 3

Mazagan, Offshore Morocco (23% interest) High Impact Drilling > MZ-1 scheduled to spud imminently —— Water depth: 2,176 metres i 5 7 5 Sogn Firm TD: 5,600 metres TVDSS ag ET = Contingent TD: 6,150 metres TVDSS ra » Unique location where four stacked targets can be tested by a single vertical [ well (five targets if well is deepened) mg, » Testing a range of play types (Cretaceous structural four way dip closures and opr Jurassic fans) ER bs { > Total gross unrisked mean prospective resources of over 1.4 billion barrels ei (328 mmbo net to Pura Vida), with a high case of over 3.0 billion barrels® oa A = 9 > Estimated well cost of US$136.6 million (including contingencies). PVD carried Lo ie…

Slide 4

Mazagan, Offshore Morocco Prime Location » MZz-1 well designed to: —= ~ Penetrate up to five stacked targets — 8 — CHEVRON Sri? ~ Penetrate source rocks of. LB ye ~ Test multiple play types - / | » The Lower Jurassic fans are inter-bedded LOCATION — | = ri within the source rocks: o —idl pho i KOSMOS ~ Ideally positioned for migration of 0 & BP hydrocarbons =! A ~ - Fan systems may provide migration =) KOSMOS pathway into the Cretaceous structural Gi & BP KOSMOS 8 anticlinal traps ] ~ &BP m N pl I d » The different plays/elements work together at = & | this location to enhance the overall chance of [CARN | — 0 300 $00 making a commercial oil discovery = [ KILOMETRES TTThhhhsshhsshshshhhars

Slide 5

Mazagan, Offshore Morocco Mid-Miocene Channels » Vertical alignment of multiple targets at Cretaceous = POY Taney Giada trap but calibration) (Cenomanian & Aptian) and Jurassic levels es Re ER “Rs Foca, a » large structural traps in the Cretaceous and giant its, = stratigraphic and structural combined traps in the Jurassic CENOMANIAN 4 way stiUCUEIRED » Unique opportunity to test up to five targets with a single = ae e - . Se Er well APTiaN o> = — a 4 way structural trap - (FEEpSEE bere nisked (mimbe) risked Resales JURASSIC FAN. 1. fash nl lil : Structural/stratigraphic trap 10 Ase Set . Mean | Mean + 4 Sf . L Best High Mi POS Bad 5 LTRS ENSE SI So = on | | Unrisked e = / WW «Ea Be TN CRT…

Slide 6

Nkembe, Offshore Gabon (100% interest)’ In the Heart of a Proven Oil Basin » 100% interest® and Operator Bre-sak fields / Nscoveries | = Te £0 inset: Gabon Basin Neighbouring Super Majors and producing oil fields e «4 » 8 8 Sup! I) pi ing foc. . io [RESTA » Farm out underway to secure partner to fund seismic and drilling | ont ® NYE 1 activity am FON 3 \ '® j= AN: = L T\&1] » Recent discoveries show extension of pre-salt play throughout forell | y \U d 5 | Gabon similar to Angola and Brazil \ pal 2 Ee | » Giant Rabi Kounga pre-salt oil field onshore 900 mmbo (peak Fl hah B pe production of 230,000 bopd) Sputn a ON = be Crs bi Kounga » Recent pre-salt discoveries: b = D i go ) (suell/cvooc!…

Slide text above is read directly from the Pura Vida Energy deck PDF embedded on this page.

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