LEVITTOWN, NY, Nov. 1, 2013 /CNW/ - Far Vista Petroleum Corp (FVSTA, PinkSheets)
The president advises the shareholders that the Board had convened today
as previously announced to review a serious offer to purchase Far Vista
The Board could not yet make definite decision until a thorough review
and due diligence is completed.
The details of the offer will be disclosed on Tuesday or Wednesday next
The president adds, "The recent discoveries of oil adjacent to the
Lukoil reserves has attracted the interest of a number of major oil
producers . This was expected following the release of news of the
About Far Vista Petroleum Corp
Far Vista Petroleum Corp has business objectives of interacting with
Russian operators in the oil/gas industry with the goal of building a
vertically integrated petroleum company based on opportunities
available in the Russian Federation. This will be accomplished through
acquisitions of interests to develop crude oil sites with proven
reserves by means of equity investment or joint ventures.
This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this
press release that are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future.
SOURCE: Far Vista Petroleum Corp.
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