Petro Vista Energy Corp.
TSX VENTURE : PTV

Petro Vista Energy Corp.

October 14, 2008 09:30 ET

Petro Vista Announces Analyst Coverage

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2008) - (TSX VENTURE:PTV) Petro Vista Energy Corp. ("Petro Vista" or the "Company") is pleased to announce that Research Capital Corp. ("Research Capital") has initiated coverage on the Company by its Research, Oil and Gas Analysts, Bill Newman, CFA and Steven Everett. Research Capital is an independent, full service integrated investment dealer registered in Toronto, Montreal, Calgary and Vancouver, Canada.

The research report provides valuable information on Petro Vista's assets, operational plans, valuation for investors and information on oil and gas exploration and production in South America.

Read B. Taylor, President and CEO of Petro Vista, commented, "We are pleased that Research Capital has selected Petro Vista for coverage. Research Capital has a rich history and solid investor base across Canada. The research report, our second following Toll Cross Securities Inc. (Toronto - June 6, 2008) in our short history is an example of the support we are building in the investment community for our strong management team, high quality asset base and solid strategy based on near term production, exploration upside potential, operations execution and growth."

For further information and access to the report, please contact Research Capital Corp. at +1 (403) 750-1297 or view the report online at www.pvecorp.com.

About Petro Vista Energy

Headquartered in San Clemente, California, USA, Petro Vista Energy Corp., is an independent exploration company engaged in the acquisition, exploration and development of oil and natural gas properties located in South America. The Company has exploration, development and production rights to over 169,000 acres gross (59,000 net) leasehold acres in Colombia and Brazil. The Company's website at www.pvecorp.com provides additional information about the Company's plans, including photographs and other information with respect to its operations and assets.

ON BEHALF OF PETRO VISTA ENERGY CORP.

Read Taylor, President and CEO

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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