LEVITTOWN, NY, Oct. 23, 2013 /PRNewswire/ - Far Vista
Petroleum Corp (FVSTA, PinkSheets) The CEO of the
Company announces that it is proceeding with the acquisition of an
oil refinery under excellent conditions. Through this acquisition,
the company would not only be an oil producer but would also act as
a refinery to process its own products as well as those of the
other producers in this oil rich area.
The Refinery is situated in the Usink region which is
approximately 15 miles from the Chedty oil fields.
Alexander Plekhanov, president
and CEO, is overwhelmed,'' First, the discovery of additional oil
reserves on our territory, and now the acquisition of the Usink Oil
Refinery. This acquisition would permit us to be a key player
within the region.'' He adds, 'Since we became a public company in
the United States, we are
attracting interest from the industry as well as from giants like
Lukoil.''
In the meantime, following the news release of October 3 relating to the additional and large
deposit of oil on our land discovered by our neighbor, Lukoil, the
Board is reviewing the possibility of a joint venture with Lukoil.
The oil that was discovered lies on the area adjacent to both the
properties of Far Vista and Lukoil.
"Because of our excellent record regarding environmental issues,
we received permission from all government agencies, the Subsoil
Department of the Komi Republic, the Ministry of Natural Resources,
the Department of Nature Control and the Russian Technical
Control of the Republic, to commence work on these reserves as soon
as this November, ''says the company's geologist.
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.
Forward-Looking Statements
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.