Petro Vista Energy to Sell Petropuli SAS by Petro Vista Energy Colombia on Jan 16,2012

Petro Vista Energy Corp. (TSXV:PTV) reported that it plans to sell its subsidiary Petropuli SAS by Petro Vista Energy Colombia Corp. on January 16, 2012.
As quoted in the press release:

Further to this transaction, PTV Barbados has entered into an Advance Payment Agreement with the Purchaser of Petropuli, Deep Core Inc., to facilitate an advance of US$800,000 of the Petropuli purchase price to cover outstanding cash calls covering pre-drilling works on its SSJN-5 Block.

Click here to read the Petro Vista Energy Corp. (TSXV:PTV) press release.