Petro Vista Energy has identified three hydrocarbon- rich properties in the Rio Magdalena and Llanos Basins. The basins are characterized as having large blocks (570,452 gross acres), multiple high productivity reservoir targets and large structure prospects.

SINUE NORTE - BLOCK SSJN - 5

Partnering with SK Energy Co Ltd. ("SK Group") the Company was successful in its joint bid for Block SSJN-5, located in the Lower Magdalena Basin of Colombia. Pursuant to a Joint Bidding Agreement Petropuli and SK Group will each hold a fifty percent (50%) participating interest in Block SSJN-5, with SK Group acting as operator. SK Energy is a leading Korean multinational conglomerate with oil production, development and exploration projects as well as integrated gas development projects around the world.

The SSJN-5 Block consists of 570,200 acres (230,854 gross hectares) and contains at least six identified leads or prospects which will be detailed during the first exploration phase of the concession contract with the ANH. The Block is located along the southeastern margin of the Lower Magdalena Valley Basin and, similar to other blocks in the area, lies along the pathway for oil and gas migrating from the deeper hydrocarbon kitchen in the center of the basin. Potentially productive reservoirs include the Miocene Tubara and Porquero formations that have produced in acreage in the Lower Magdelena Valley (El Dificil Block - 73.75 million barrels of oil equivalent reserves - gas/oil/condensate - IHS Inc. independent report "Colombian Resource Paper" (NYSE:IHS) 2008).

MORCHITO BLOCK

Petro Vista has acquired Petropuli Ltda. obtaining a 100% working interest in oil and gas exploration and production rights to over 57,252 gross acres in the Morichito Block, located in the prolific East Plains, Llanos Basin. Extensive geotechnical (3D seismic and well log evaluations) and engineering analysis has been completed on several exploration prospects in the Morichito Block. The most promising is the Morichito #1N prospect, which is along a productive NE SW trend in the area where internal estimates suggest field size reserves range from 6-10 MMBO based on 3D data.

The Morichito #1N location is anticipated to be drilled in Q4 2008. Following Morichito #1, Petro Vista will complete the existing Morichito #2 well in which oil has previously been confirmed through log analysis and sample recovery. The completion of Morichito #2 is scheduled for Q4 2009.

LA MAYE BLOCK

The La Maye Block consists of 68,302 gross acres and is located within the Lower Magdalena Valley, Colombia, approximately 15 kilometers and updip from the Cicuco Oil Field that has a total of 28 wells that were drilled up to 2004. As of March 2008, the Cicuco Oil Field was producing an average of 300 barrels of oil per day per well. The La Maye Block, along trend with the Cicuco Oil Field, is adjacent to and south of the Occidental Petroleum, Repsol S.A. and Ecopetrol Lucia Block. Oil from the Cicuco Oil Field is light sweet crude at 43 to 55 degree API2. Petro Vista plans to accelerate exploration on the La Maye Block and intends to drill up to four wells within the next 9 months. Up to five independent prospects have already been identified within the block. The first well is planned to Spud by December 2008.