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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.

QR Energy LP To Acquire $110 Million Of Oil Properties

Monday, 1 Jul 2013 06:00am EDT

QR Energy LP announced that it has signed a definitive agreement to acquire predominantly oil properties located in the Ark-La-Tex area from an undisclosed private seller for $110 million in cash. QR Energy expects to finance the acquisition with cash on hand and borrowings under its bank credit facility. The acquisition is expected to close in early August, subject to customary closing conditions.

Second Wave Petroleum Inc Announces Completion Of Going Private Transaction

Friday, 28 Jun 2013 08:00am EDT

Second Wave Petroleum Inc announced completion of the previously-announced going private transaction, pursuant to which Brookfield Bridge Lending Fund Inc. (Brookfield), the Company's controlling shareholder, has acquired all of the outstanding Second Wave common shares not already held by Brookfield and its affiliates for cash consideration of $0.30 per share. The transaction was completed on June 28, 2013 by plan of arrangement under the Business Corporations Act (Alberta) (the Arrangement), which received approval on June 27, 2013 of the Company's shareholders and optionholders at an annual and special meeting of securityholders and thereafter from the Court of Queen's Bench of Alberta. At June 27, 2013 security holders' meeting, the Arrangement was approved by majorities of 99.4% of the votes cast by all shareholders, 99.4% of the votes cast by shareholders and optionholders voting together as a single class, and 97.9% of the votes cast by disinterested shareholders, excluding Brookfield and its affiliates, pursuant to the minority approval requirements of applicable securities laws. With completion of the Arrangement, the Company has become a wholly-owned subsidiary of Brookfield and the Second Wave common shares will be delisted from the Toronto Stock Exchange. The Company expects delisting to occur within three to four trading days.

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Analyst Research

Report Title Price
GLEN.L - Event Transcript of Glencore Xstrata PLC conference call, Feb. 02, 2005 / 4:30AM ET
Provider: Thomson Reuters StreetEvents
$75.00
Buy
GLEN.L - Event Transcript of Glencore Xstrata PLC conference call, Mar. 02, 2005 / 4:30AM ET
Provider: Thomson Reuters StreetEvents
$75.00
Buy
AMINEX - OUTLOOK
Provider: Edison Investment Research
$10.00
Buy
BOWLEVEN PLC
Provider: Edison Investment Research
$10.00
Buy
BOWLEVEN - FURTHER MATERIAL SETBACK
Provider: Edison Investment Research
$10.00
Buy

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