Pura Vida Energy NL provided an update on the work completed by Havoc and Add Energy in relation to the Loba (Batanga) and Loba Deep (Anguille) targets. Work undertaken by Havoc: Since signing the Technical Services Agreement in October last year, Havoc has re-initiated the reprocessing of the Mandaros 3D survey with DownUnder Geosolutions, re-evaluated the Loba discovery and deeper exploration potential and completed a reservoir engineering study. The re-processing of the Mandaros 3D is ongoing, however interim products show a marked improvement in data quality, particularly in the structurally complex areas associated with salt diapirism. The application of pre-stack depth migration utilising RTM-TTi technology has allowed for better definition of the salt bodies and enhanced imaging of sub-salt and pre-salt sequences. The actual volume of salt in the system appears to be substantially less than originally interpreted, which has positive implications for both trap integrity and reservoir continuity. Importantly, further improvements are expected when the final products are delivered in the coming weeks. The re-evaluation of the Loba prospect is complete with updated unrisked, contingent and prospective resource numbers provided below. The reduction in the contingent resource at the Batanga level is primarily due to a decrease in the interpreted Gross Rock Volume (GRV). The enhanced seismic data quality has improved the definition of the Batanga reservoir, allowing for more precise mapping. The mean contingent resource has reduced from 17.5mmbo to 15.7mmbo. Similarly, at the deeper Anguille level, improved imaging on the flanks of the structure has produced a higher confidence interpretation but consequently a reduced GRV. This reduction in GRV has been partly offset by a corresponding increase in Net to Gross (N:G), however prospective resources are lower than previously reported, with the mean value reducing from 14mmbo to 11.7mmbo.