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Damon Neaves

Corporate lawyer Damon Neaves co-founded oil explorer Pura Vida Energy, which has gone on to become the best performing initial public offering for 2012. It was a far cry from a year earlier, when Damon was rattling the tin very hard to raise the $4 million required for Pura’s IPO at a time when there was massive economic uncertainty stemming from the euro debt. With a solid background in the oil and gas industry, having previously worked for Tap Oil in various executive roles, Damon is focused on further exploring Mazagan and building a diversified portfolio of assets in and around Africa.
Bio last updated 12 Jan 2019

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Non-Executive Director (Chair May-Sept 2018)
Tap Oil
Tap Oil
2018 - 201837
Managing Director
Pura Vida Energy
Pura Vida Energy
2011 - 2017208
Company Secretary
Tap Oil
Tap Oil
2008 - 201137
Commercial Manager, Business Development Manager
Tap Oil
Tap Oil
2003 - 200837

Directors Interests

CompanyDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Pura Vida Energy04 Nov 2016Other625,000OtherConversion of securities: 1,906,356-performance rights, 625,000-retention rights, 4,725,000-partly paid
Pura Vida Energy04 Nov 2016Bought625,000OtherConversion of securities
Pura Vida Energy01 Apr 2016Other646,366OtherOff-market transfer: As per announcement on 22/04/2016
Pura Vida Energy01 Apr 2016Other646,366OtherOff-market transfer: As per announcement on 22/04/2016
Pura Vida Energy11 Nov 2015Issued2,881,356OtherIssue of securities: 7,881,356 - Rights

Equity Capital Markets Deals

DateCompanyTransaction TypeTotal Value
20/01/14Pura Vida EnergyPlacement$13.5m>>
02/07/13Pura Vida EnergyPlacement$8.0m>>
27/09/13Pura Vida EnergyPlacement$7.0m>>
16/01/13Pura Vida EnergyPlacement$6.0m>>
02/02/12Pura Vida EnergyInitial public offering$4.0m>>

Mergers & Acquisitions Deals

AnnouncedBidderTargetTransaction TypeTotal Value
01/11/13Pura Vida EnergySterling EnergyAsset acquisition$18.1m>>
01/11/13Pura Vida EnergyFreeport McMoranAsset acquisition$16.7m>>

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
449thPhylogica-30%15%
657thPura Vida Energy-56%-49%
700thEve Investments-63%10%
759thStargroup-72%-11%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

208th↓Pura Vida Energy$74k
212th↓Activistic$49k
213th↓Phylogica$48k
215th↓Eve Investments$19k
216th↓Stargroup$17k
237 listed industrial companies ranked by revenue.
Source: Morningstar

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