Petro Vista Energy Corp. PTVYF

RE: RE: They say their working from internal cash

[Thechaser]

I'll make it easy for everybody MD&A May 31:

PLAN OF OPERATIONS AND FUNDING

Our plan of significant operations for the next twelve months is as follows:

- to finance up to US$5,595,771 of drilling and completion costs of a new development well on the Tartaruga Block. The Company has advanced US$4,000,000 towards this well commitment in October 2009. The Company expects that the total dry hole and completion costs will be approximately US$4,900,000; therefore the remaining costs to be financed are approximately $900,000. Any expenditures over US$4,000,000 will be recovered by the Company from approximately 40.8% of initial gross production from this sidetrack well;

- to finance the Company’s 50% share of the work-over costs of the existing well on the Tartaruga Block. The Company’s share of these costs is estimated at US$286,100. US$36,100 was already advanced, therefore the remaining costs to be financed are US$250,000, which the Company anticipates paying for from production;

- to finance testing and preparation for production of Morichito M5 well. The Company’s 50% share of these costs is estimated at US$600,000;

- to drill one additional exploratory well on the Morichito Block (Phase 5). The Company’s 50% share of the drilling costs of the forth well is estimated at US$1,840,000;

- to perform a 750 km 2-D seismic survey on Block SSJN-5. The Company’s 25% share of the 2010 costs is approximately US$2,525,000 and is expected to be 90% financed by Petroamerica; and

- to fund the Company’s share of the committed work program for Blocks 169 and 170, which includes drilling of one well on each block estimated at US$520,000 and US$880,000 respectively.

To finance the above plans, the Company has raised $8,290,172 through equity financings and $3,501,352 through debt financing in December 2009 and January 2010. The Company is planning to complete another equity financing in June 2010. The Company has signed one farm out agreement for Block SSJN-5. As part of our normal rationalization efforts and attention to capital allocation, we are currently considering farm out opportunities for Brazilian Blocks 169 and 170. Wherever possible, the Company is also reducing its general and administrative expenses. However, there can be no assurance that these financings or farm-outs will be successful.