Petro Vista Energy Corp. PTVYF

RE: Jennings Capital- PTV

[pinetree2]

Colombia
Morichito Block (50% W.I.), Llanos Basin
The Company is currently preparing to test and workover the Morichito-5 well at an expected cost of US
.6 million.
Production could be realized as early as March 2011.
La Maye Block (25% W.I.), Llanos Basin
Currently, five drilling prospects have been identified with the second exploration well to be drilled in the southern portion
of the block. The operator expects to receive the permits to drill the well in calendar Q1/11, which will be followed by
building access roads and rig mobilization.
The first exploration well on the block, Noelia-1, has been cased for future testing. Subsequent to the drilling of the
second well, both wells will be tested.
Block SSJN-5 (25% W.I.), Lower Magdalena Basin
By calendar Q1/11, the Company plans to complete 3D seismic over the La Mocha Consuelo prospect located in the
south eastern portion of the block, at an estimated cost of US$18.5 million. Under the terms of the contract, Petroamerica
Oil Corp. is required to fund 50% of the Phase 1 3D seismic program including Petro Vista’s 25% share.
Block VMM-13 (25% W.I.), Middle Magdalena Basin
Petro Vista is currently in discussions with the ANH to return this block, due to the creation of a national park over the
prospective section.