A physical data room is set to open next month as the company seeks a farminee able to carry it on future drilling costs.

Pura Vida has an 80% operating stake in the permit, which it secured last year under an initial four-year exploration term. The company must acquire 550 square kilometres of 3D seismic data and drill one well.

This year, it aims to reprocess 1000 kilometres of speculative 3D seismic data and also acquire fresh 3D data.

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