LEVITTOWN, NY, Nov. 1, 2013 /PRNewswire/ - 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 Petroleum Corp.
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 week.
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 discovery.''
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.