ASX-listed Pura Vida Energy has continued with its cost cutting measures, as the company attempted to battle falling oil prices.
The oil explorer on Tuesday told shareholders that each of its non-executive directors have agreed to reduce their base fee from A$100 000 to A$25 000 a year, while the MD’s remuneration would also decrease from a base salary of A$385 000 to A$300 000 a year.
