Perisson Petroleum Corporation (TSXV:POG) entered into a joint venture arrangement to acquire 28% stake in Ap-Nafta Operating LLP for CAD 1.9 million on February 13, 2018. Perisson Petroleum Corporation will issue 43 million common shares at closing. The transaction subject to the number of conditions need to be met before Perisson and Ap-Nafta can complete the including but not limited to entering into a supplemental agreement setting out certain corporate and tax implications of the transaction unique to Kazakhstan, the concurrent acquisition of an additional 42% of the limited partnership units of Ap-Nafta by certain strategic partners of Perisson, the completion of due diligence and acceptance of the transaction by the TSX Venture Exchange as well as approvals of other applicable regulatory authorities. As of April 30, 2018, Perisson has replaced the Board of Directors of AP-NAFTA with Perisson nominees and continue to conduct due diligence of the transaction. Perisson Petroleum Corporation (TSXV:POG) cancelled the acquisition of 28% stake in Ap-Nafta Operating LLP on February 13, 2019.