Vista Share Discussion Threads

[targatarga] 17/5/2013 10:45

Anyone expecting these to delist shortly. I'm sure the top dogs will try and disapear with whats left!

[molatovkid] 14/5/2013 15:24

We seriously need the re-launch of this company. A re-financing if possible and some very definite, more secure acquisition or project to take things forward. Unfortunately the get up and go has got up and gone.

[casholaa] 09/5/2013 02:17

From the md&a of 30th April 2013

"Subsequent to December 31, 2012, the Company received a letter from Canacol
Andina on the El Triunfo Block seeking to terminate the Farmout Agreement entered into between the parties and recover US$2.4 million in costs incurred. The Company has issued a response letter to Canacol Andina denying any breach of the
Farmout Agreement.

The Company is in discussions with its Farmout Partner to reach a resolution.
Should the Company not be able to comply with the terms of the El Triunfo
E&P Agreement, the Company may lose its interest in the El Triunfo Block together with the Standby Letter of Credit and the associated restricted cash balance of $836,970. "

&

"On April 19, 2011 a wholly owned subsidiary of Sagres entered into separate agreements with each of Stetson Oil and Gas Ltd. ("Stetson") and Vast Exploration Inc. ("Vast") where Sagres agreed to acquire a 90% private participating interest in each of Llanos 11 and Putumayo 3 blocks (the "Blocks")
in Colombia. Stetson and Vast are related to Sagres by virtue of having
common officer and directors."

So 'what's the point?' I hear you ask. If all goes well and the result is that Canacol somehow end up with the LLanos & Putamayo blocks (or even if it they go to somebody else) Vast might (just might) retain their 10% carry -unless the BoD sell it to Stetson or other FM company.

[casholaa] 09/5/2013 01:58

Sagres Announces El Triunfo Update

Sagres Energy Inc. (TSX VENTURE: SGI) reports that the extension request made by the consortium partners on the El Triunfo block in Colombia (the "Block") has been rejected by the Agencia Nacional de Hibrocarburos in Colombia (the "ANH"). Union Temporal El Triunfo made a request to the ANH for a seven month extension of the Hydrocarbon Exploration and Production Agreement for the Block (the "E&P Agreement") on behalf of the consortium partners on December 21, 2012.

As a result of the rejection of the extension request, the E&P Agreement has expired and Sagres no longer holds an interest in the Block. Sagres may have continuing liabilities related to the Block following the expiration of the E&P Agreement.

[dorset64] 07/5/2013 13:43

'We' didn't though I bet the BoD's got their share!

[casholaa] 07/5/2013 13:40

As far as I can see (and I'm hoping to be put right on this if I've missunderstood things), we have no cash so we're not really a cash shell -just a shell. We still have 10% and operatorship in south america with sagres as partner but sagres appears to be sinking???? Did we get any money from leaving kurdistan and where is it???

[katsy] 07/5/2013 08:13

all very good, but WTF has iraq/kurdistan got to do with a canadian listed cash shell with no cash.

[casholaa] 03/5/2013 22:33

You should read the december 2012 Sagres md&a ...another one looks about to bite the dust