BRAZIL

Petro Vista holds working interests in two onshore exploration blocks and one offshore production block in the producing Sergipe-Alagoas and Recôncavo Basins located in northeastern Brazil. The Basins are among the most prolific and have been extensively developed by Petrobras since the 1950's. The Company's acreage position in Brazil totals 25,264 gross acres (6,970 net) and is adjacent to proven areas such as the Dom Joao (120 MMBOE), Candeias (166 MMBOE) and Carmopolis (314 MMBOE) Oil Fields.

Petro Vista recently entered an agreement to acquire a 30% production interest in the shallow offshore producing oil concession Block SES-107D ("Tartaruga Block"). The Block is located in the Sergipe-Alagoas Basin, northeastern Brazil and currently has an average production of approximately 250 boe/d from one zone in one well with multiple pay zones, with the Company's share commencing as of September 1, 2008.

COLOMBIA

Petro Vista Energy has identified three hydrocarbon- rich properties in the Llanos and Rio Magdalena Basins. The basins are characterized as having large blocks (ie: Sinu Norte SSJN-5 Block at 570,452 gross acres), multiple high productivity reservoir targets and large-structure prospects.