An unknown buyer made an offer to acquire Far Vista Petroleum Corp. (OTCPK:FVST.A) on November 1, 2013. The Board of Directors of Far Vista Petroleum shall announce the decision on the acquisition by November 5, 2013.

As of November 5, 2013, the unknown buyer made an offer for $35 million which was offered for the purchase of the Class B shares alongwith $0.45 for all the outstanding shares of the company. As of November 8, 2013, an unknown financial institution revised the offer to $0.5 per share for all the outstanding shares of Far Vista Petroleum Corp. The Board of Far Vista has rejected this offer as being too low and has issued a counter offer of $0.58 per share which will remain open till November 12, 2013 for acceptance.

An unknown buyer cancelled the acquisition Far Vista Petroleum Corp. (OTCPK:FVST.A) on November 11, 2013. Buyer cancelled the offer as trading of shares of Vista Petroleum got suspended on November 9, 2013. Commercial Bank "INTERCREDIT' represented buyer.