Far Vista Petroleum will Announce Counteroffer in Buyout Bid

Nov 06, 2013, 13:00 ET from Far Vista Petroleum Corp.

LEVITTOWN, NY, Nov. 6, 2013 /PRNewswire/ - Far Vista Petroleum Corp (FVSTA, PinkSheets)

The president states that he received a counteroffer from the financial institution representing the purchaser. This counteroffer is now before the Board of Directors.

The details of the counteroffer will be released to the shareholders tomorrow at 1:00 PM.

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.