LEVITTOWN, NY, Nov. 1, 2013 /CNW/ - Far Vista Petroleum Corp (FVSTA, PinkSheets)
The president firmly believes that in this marketplace the shareholders will never attain the true value of the Company in their investment. Both the Company geologist and accountants agree that in any European market such as that in Frankfort or AIM in London or the Amex exchange in the U.S., the price of its stock would range between $1.45 and $2.30.
Consequently, the president has given a full mandate to its corporate attorneys and security advisors to immediately commence processing all documents and information to expedite the entry on a higher exchange.
He further impressed upon the attorneys to attain this objective in the shortest period either by completing the normal procedures or by the process of a merger with a Company currently listed on a higher exchange.
The president adds, 'After a thorough research of the two options, our attorneys and accountants agree that our goal can readily be achieved. We are presently in a mode of rapid expansion and the market must reflect this in its share price."
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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