Headquartered in Vancouver, Canada, Petro Vista Energy Corp., is engaged in the acquisition, exploration and development of oil and natural gas properties located in South America. The Company's goal is to build an upstream oil and gas company with exploration and production focused in the highest resource potential and commercially attractive countries in South America.
Petro Vista has earned the right to acquire a 37.5% working interest (27.3% net revenue interest) in the shallow offshore and producing oil concession Block SES-107D ("Tartaruga Block"). The acquisition of the working interest is subject to the receipt of all necessary approvals including the approval of the ANP to the assignment of the working interest. This block is situated on Brazil's east coast situated adjacent to the large Miranga Oil Field (Petrobras) having over 814 MMBOE in place, and the Carmopolis Oil Field with over 528 MMBOE.