Hartleys has a “speculative buy" on Pura Vida Energy NL and a 12-month price target of $1.14.

“Pura Vida Energy has announced a significant resource (prospective) upgrade on its Gabon acreage and the identification of a new play types.
“We hope the resource upgrade will have positive implications for the ongoing farm-out process," Hartleys said.
A successful farm-out in Gabon would be a welcome catalyst while the market waits for PVD’s drilling to start in Morocco, the broker continued.
“At this stage PVD (with operator Freeport) are on track to test the Toubkal prospect, offshore Morocco, in late January 2015.
“This represents the most significant catalyst for the share price during the next six months. We maintain our ‘speculative buy’ recommendation on the stock, with a target price of $1.14."