Petro Vista has exploration, development and production rights (subject to regulatory approval).


The Company has earned the rights to a 37.5% working interest (27.32% net revenue interest) in the producing Tartaruga block in the Sergipe Alagoas Basin subject to receiving all necessary regulatory and partner approvals including the approval of the ANP to the assignment to the Company of a working interest. This block is located 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.