|By Marketwired .||
|November 29, 2016 06:06 PM EST|
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/29/16 -- Petro Vista Energy Corp. ("Petro Vista" or the "Company") (TSX VENTURE: PTV) is pleased to announce that the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis ("ANP") has provided confirmation that no additional ANP approvals are required in order for the Company to proceed with the previously announced sale of of its wholly owned Brazilian subsidiary, Petro Vista Energy Petroleo do Brasil Ltda. ("PVEB"), to Maha Energy AB ("Maha"). Petro Vista and Maha will now proceed to close this transaction.
PVEB holds a 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offshore hydrocarbon development block, located in the Sergipe Alagoas Basin in Brazil.
ON BEHALF OF PETRO VISTA ENERGY CORP.
Keith Hill, Chairman of the Board of Directors
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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