Far Vista Petroleum has received buy out offer

Nov 01, 2013, 14:16 ET from Far Vista Petroleum Corp.

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.