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Lukoil contact information
Department of Investor Relations:
Tel.: (+7 495) 627 1696
Fax: (+7 495) 933 9288
e-mail: ir@lukoil.com
One more thing. www.pumpsanddumps.com has a lot of touts for this stock. That has not increased the stock price lately. It could be P&D or chatter about a hot stock. Right now the chart pattern shows an upward movement on expectation and a dropped due to delay. So far, so normal.
That guy in Levittown has some connection to Far Vista. He told me he would find the phone number for Far Vista. I didn't bother calling back. The PRs are coming out of Levittown. Even if he is a legit part of FV, legally he can't answer any questions regarding the deal. As I said before, decreasing the number of shares will not improve share price. Companies have done share buy backs. The share price has not gone up. Only increased revenues count. The folks making pumping statements on this forum should realize that their other posts can be looked up. One guy is promoting another stock with the same chart pattern as Far Vista and promise of a big announcement this Friday. Another one whose stock symbol can't be found on Stockcharts. A statement has been made on this forum that one of Far Vista's principals sold a company without problems. That could be Prime which was referenced in a link I posted. Prime is no longer. I still don't know what Far Vista is selling. That all said, I am strapped in for the ride. I can't get out now even if I wanted. Let's hope for the best this afternoon.
Here is another link for Far Vista.
http://investing.businessweek.com/research/stocks/people/person.asp?personId=47102443&ticker=FVSTA
I'm not sure if this means this deal is on the up-and-up. The president may be for real.
http://investing.businessweek.com/research/stocks/private/relationship.asp?personId=226913627&privcapId=82019049&previousCapId=82019049&previousTitle=Primex%20Oil%20Production%20Inc.
Here is the Google search for that phone number.
https://www.google.com/search?q=1-403-693-8000&rlz=1C1GGGE_enUS515US516&oq=1-403-693-8000&aqs=chrome..69i57j0.2001j0j7&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8
The person answering the phone said that he would try to find Far Vista's number. Good luck to that.
Far Vista is not at the address listed. Some one else, not Far Vista, answered the phone.
Blah Blah Blah
Bogus statement. Companies do buy backs of their shares but the share price doesn't move. What counts is revenues.
If Far Vista owns the field into which Lukoil's discovery extends, then I am going out and a buy a Mercedes Benz for $10.
The part that I don't get is what claim Far Vista has on the oil.
Even if the buyout was done earlier, I doubt if the announcement would be earlier than Thursday. A decline might be announced Friday, an acceptance Monday before the market opened. I still don't get what Far Vista is selling. And, after the buyout, would Far Vista shares trade up? I presume a buyer would expect the shares to rise in value as the oil field is developed. As Winston Churchill said about Russia: "I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is Russian national interest."
I suspect that whichever way it goes, an announcement won't be made until 9 a.m. Friday.
How can Far Vista tell the public what to do with their shares?
After googling, I get the idea that the outstanding shares are those that are held by the owners of the company, not the public.
How is a mandatory sale of outstanding shares done?
I am not sure why a buyer would accept the counteroffer given the second provision. The buyer would want to control whatever Far Vista has rather than having outstanding shares the buyer wouldn't own.
There is no buyout yet.
Question is what relationship does Far Vista have to this oil field?
The Canadian equivalent, before it got folded into the Toronto Stock Exchange, was the Vancouver Stock Exchange. That exchange made the pinkies child play. The stock was Diamond Fields. They were looking for diamonds in Newfoundland. Instead, they found a huge nickel deposit that was sitting in plain site. INCO bought it, vastly overpaying for it both in the excitement and the necessity to remain the preeminent nickel mining company in Canada. The stock was a dollar or two which went to seventy (Canadian dollars). From what I have been reading, this oil deposit is a monster. The proof is in the pudding at 9 a.m. tomorrow. Santa Claus may come early. Or not. We shall see.
Whoever is buying knows what a fantastic situation they are buying into. I suspect they made an offer the directors could not refuse. Based on what happened regarding the nickel deposit at Voisey Bay, and if Far Vista owns the claim to the oil, $50 per share is a possibility. This should set off some bells. I am a shareholder just like you hoping for the best, the spectacular.
Does Far Vista own the concession, the equivalent of staking a claim, on the property in question? That is, the land that to which Lukoil's discovery extends? In other words, does Far Vista own the oil under its land?
The cancellation of the shares accounts for the slight move up. Nothing substantial yet which could disprove the absence of a P&D.
This is all well and good but I don't see it as a field where big bucks are to be made.
Buyout offers do benefit stockholders.
http://investorplace.com/2010/10/5-reasons-buyouts-are-good-news/
In mineral exploration, a small company that makes the discovery rarely gets involved with the development of a mineral/oil deposit. The company sells out to the big boy. This most logical buyer in this instance is Lukoil. Assuming the Russians don't take away the cheese as they did in Sakhalin.
http://en.wikipedia.org/wiki/Sakhalin-II
I'll answer my own question. There is a little over 7 barrels per metric ton. If the deposit is 10,000,000 tons, then there is 70,000,000 barrels in the field. Assume $80 per barrel, then the field is worth $56,000,000,000. What's not clear is what part of the field is Far Vista's. With around 600,000,000 shares outstanding, $10 a share is $6 billion. Go Vista!
How many barrels of oil in 10 million tons?
LEVITTOWN, NY, Oct 29, 2013 (Marketwired via COMTEX) -- Far Vista Petroleum Corp (otc pink:FVSTA) The president of the Company is ecstatic to announce that it has discovered a huge oil deposit. It had previously announced that it was informed by Lukoil that a discovery of a sizeable deposit of oil at the boundary of its territory with that of Far Vista and that this oil is common to both areas. This was a result of the drilling of well no 15 on its Lekker field . At a depth of 3790 meters the well has opened a high pressure oil saturated deposit. Considering the close proximity of the Lukoil's Lekker field with Far Vista's Chedty field and the fact that they both have a common geomorphology of Lower Devonian and Silurian deposits, the presence of a hydrocarbonic mine of a size no less that 36 square kilometers is highly probable.
The report states that no less than 5 hydrocarbonic mines can be predicted with geological reserves up to 10 million tons. An expert committee advised the Board of Far Vista about this high probability of oil reserves in exploring at least 4 new horizons from the Lower Permian to the Lower Devonian discharges in the south-western part of Chedty field.
Mr Plekhanov, president, states, 'This is excellent news from Lukoil and we may possibly envisage a common exploration of this area and a possible joint venture to extract the oil more efficiently and sooner."
According to Finance Yahoo, the company has two employees.
It is a tired, old story in mineral exploration that a company states that its claims are close to or adjacent to a major discovery. Even in cases where the claim is miles away. The key is whether Lukoil's discovery extends into Far Vista's. How extensive is it? There may be a lot of excitement over nothing. Unless the discovery is really tremendous, it can take a long time to prove whether it is economical to mine. It could be tremendous on Lukoil's claim,not so on Far Vista's. The logical thing would be for Lukoil to buy out Far Vista. Unless Lukoil is doing that blue sky, Far Vista's property has to be proven out.
The clinker in all of this, if it is real, is Putin. Russia is not Canada.
Let's think big. A penny stock company found a huge nickel deposit in Canada. It went to $70. The stock no longer exist but the principal went on to a huge copper deposit in Mongolia. Just telling you what happened. As Donald Rumsfeld said, "The unknowables are unknown."
The chart pattern looks subdued for a P&D. Now if they were to announce a fake offer next week, then...
LEVITTOWN, NY, Nov. 1, 2013 /PRNewswire/ - Far Vista Petroleum Corp (FVSTA, PinkSheets)
The president advises the shareholders that the Board had convened today as previously announced to review a serious offer to purchase Far Vista Petroleum Corp.
The Board could not yet make definite decision until a thorough review and due diligence is completed.
The details of the offer will be disclosed on Tuesday or Wednesday next week.
The president adds, "The recent discoveries of oil adjacent to the Lukoil reserves has attracted the interest of a number of major oil producers . This was expected following the release of news of the discovery.''
Looks like I may have finally stumbled into a winner. The news on finance.yahoo is a compendium of old news. Maybe new news Monday?
I am a share holder. My only interest is to relate facts as I learn them. Form your own opinions. Over the years, I know of three small companies that have found huge mineral deposits: diamonds, copper-lead-zinc, and nickel. This might be an instance of such an event. My question is how this company got a concession in Russia without doing its own exploratory work. The gamble now is this for real or not?
I am a share holder. My only interest is to relate facts as I learn them. Form your own opinions. Over the years, I know of three small companies that have found huge mineral deposits: diamonds, copper-lead-zinc, and nickel. This might be an instance of such an event. My question is how this company got a concession in Russia without doing its own exploratory work. The gamble now is this for real or not?
www.pumpsanddumps.com reporting huge campaign.
A Verizon award is all well and good but show me the money.