Key Developments: Far Vista Petroleum Corp (FVSTA.PK)

FVSTA.PK on OTC Markets Group - US Other OTC and Grey Market

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13 Jun 2014
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Latest Key Developments (Source: Significant Developments)

Far Vista Interactive Corp Announces Acquisition Of Oil Production Company
Tuesday, 2 Jul 2013 07:00am EDT 

Far Vista Petroleum Corp announced that it has completed the acquisition of CJSC Chedty Neft by which it acquired all its outstanding shares. Chedty Neft is an oil producer with proven oil reserves in the Federation of Russia. Its oil field is situated in the Chedtyiskoye Field in the Timan Pechora Region of Russia. The Company has proved developed reserves of 1,584,000,000 barrels and its proven undeveloped reserves exceed 4,000,000,000 barrels of oil. The Company recently changed its name from Far Vista Interactive Corp to Far Vista Petroleum Corp with a new CUSIP number but with the same trading symbol.  Full Article

Far Vista Interactive Corp Signs Letter Of Intent Towards Acquisition
Wednesday, 23 Jan 2013 12:50pm EST 

Far Vista Interactive Corp announced that it has signed a Letter of Intent with CJSC Chedty Neft Neft by which it intends to acquire its outstanding shares. Chedty Neft Neft is an oil producer with proven oil reserves in the Federation of Russia. The parties have previously exchanged pertinent documents and information as part of a general due diligence process. Upon the satisfaction of all parties, a formal Agreement should be signed within a few weeks. Terms of the transaction were not disclosed.  Full Article

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