Far Vista Petroleum Corp obtains financing for acquisition of refinery
23 Oktober 2013 - 7:15PM
OTC Markets
Far Vista Petroleum Corp obtains financing for acquisition of
refinery
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Far Vista Petroleum Corp obtains financing for acquisition of
refinery
PR Newswire
LEVITTOWN, NY, Oct. 23, 2013
LEVITTOWN, NY, Oct. 23, 2013 /PRNewswire/ - Far Vista
Petroleum Corp (FVSTA, PinkSheets) The CEO of the
Company announces that it has obtained
financing in the amount of $45
million for the acquisition of the Usink
Refinery.
A few months ago, the Board had appointed Grigory Gabrielyants, vice
president of the Company, doctor of geological and
mineralogical
sciences, to immediately commence the proceedings to obtain a
financing
for the acquisition.
Mr Gabrielyants has successfully put his expertise to work on his
long
list of connections in the oil industry to obtain this financing
to
complete the transaction. He states, 'Over the years I have
successfully dealt with many banks and commercial funds that
operate
within the oil industry. My activities while I was the Minister
of
Geology permitted me to participate in many transactions
involving
governmental and private sector activities as well as a mixture
of
both. All these transactions were in the field of natural
resources
such as oil and general mining.''
The Refinery is situated in the Usink region which is approximately
15
miles from the Chedty oil fields.
Through this acquisition, the company would not only be an oil
producer
but would also act as a refinery to process its own products as
well as
those of the other producers in this oil rich area.
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.
Far Vista Petroleum (CE) (USOTC:FVSTA)
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