Vast Exploration Inc. has provided the following update on its operations and strategic initiatives.
International opportunities
The board of directors has mandated management to evaluate possible acquisitions that would represent high-impact exploration and production opportunities and that offer significant upside and shareholder value. Accordingly, the company has been pursuing and negotiating opportunities in highly prospective hydrocarbon basins internationally.
Stan Bharti, chairman of the board of directors, commented: "Given the current market dynamics, we see significant growth opportunities in the international arena. We are very excited at the prospect of exploring in proven hydrocarbon regions, which can provide considerable long-term growth for our shareholders."
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