Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/pura-vida-to-acquire-50-interest-in-ambilobe-block.shtmlPura Vida to acquire 50% interest in Ambilobe Block, offshore Madagascar
Pura Vida Energy NL has entered into an agreement with Sterling Energy (UK) Limited ('Sterling'), a 100% owned subsidiary of Sterling Energy Plc, to farmin to the
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Pura Vida Energy NL has entered into an agreement with Sterling Energy (UK) Limited ('Sterling'), a 100% owned subsidiary of Sterling Energy Plc, to farmin to the Ambilobe block, offshore Madagascar.
Under the agreement, Pura Vida acquires a 50% interest in the Ambilobe PSC. Sterling will retain a 50% interest and Operatorship. The farmin agreement is conditional upon approval by the Government of Madagascar.
The Ambilobe block compliments Pura Vida's growing portfolio of high quality offshore African exploration acreage targeting a range of different oil plays.
