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PTV

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Share Name Share Symbol Market Type
TSXV:PTV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Petro Vista Provides Operational Update

08/04/2013 2:00pm

Marketwired Canada


Petro Vista Energy Corp. (TSX VENTURE:PTV) ("Petro Vista" or the "Company"), an
independent oil and gas exploration and production company is pleased to provide
the following operational update. 


The operator, UP Petroleo Brasil Ltda, reports that the workover operation to
restore production to the field has been successfully completed and the
7-TTG-1DP-SES well is now producing at an average rate of approximately 510
barrels of oil per day. The wellhead pressure has stabilized at 71 psi and the
pump appears to be operating smoothly. Production for the last 16 days has been
8150 total barrels. 


Petro Vista's Chairman Keith Hill commented, "We are very pleased that the
operator has been able to establish production in the field and look forward to
the resulting cash flow to help fuel the rejuvenation of the company. We plan to
install a similar pump on the other production well in the field and are looking
to drill additional development and exploration wells in the field later this
year. We are also looking at several acquisition and business combination
opportunities to help accelerate this growth." 


The Company has earned the right to request a 37.5% working interest in the
Tartaruga field. The assignment of this working interest is subject to several
conditions, including approval from the consortium members and the Agencia
Nacional do Petroleo, Gas Natural e Biocombustiveis ("ANP"). The Company is
awaiting receipt of these approvals.


About Petro Vista Energy 

Petro Vista Energy Corp. is an oil and gas exploration and development company
with near-term production opportunities in South America. The Company has the
rights to acquire an interest in an exploration, development and production
property in Brazil. 


ON BEHALF OF PETRO VISTA ENERGY CORP. 

Keith Hill, Chairman of the Board of Directors 

This press release includes "forward-looking statements" including expectations
for future operations that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Statements
regarding the Company's plans and expectations for the Tartaruga Block,
including work over success, future production volumes and reserve additions are
subject to all of the risks and uncertainties normally incident to the
exploration for and development and production of oil and gas. These risks
include, but are not limited to, inflation or lack of availability of goods and
services, environmental risks, drilling, completion and production risks,
equipment failure, availability of labor, unexpected geological or other
effects, regulatory changes and availability of capital. Investors are cautioned
that any such statements are not guarantees of future performance and that
actual results or developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. The Company does not assume the obligation to update any
forward-looking statement, except as required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petro Vista Energy Corp.
Darren Devine
+1(604) 638-8067
investor@pvecorp.com
www.pvecorp.com

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