Last $0.09 USD
Change Today 0.00 / 0.00%
Volume 0.0
VSTFF On Other Exchanges
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Venture
OTC US
Frankfurt
As of 4:30 PM 02/3/14 All times are local (Market data is delayed by at least 15 minutes).

vast exploration inc (VSTFF) Snapshot

Open
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Previous Close
$0.09
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52 Week High
04/29/13 - $0.24
52 Week Low
05/28/13 - $0.0063
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
16.7M
EX-Date
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P/E TM
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Dividend
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Current Stock Chart for VAST EXPLORATION INC (VSTFF)

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vast exploration inc (VSTFF) Details

Vast Exploration Inc., an independent oil and gas company, focuses on the exploration and development of oil and gas properties. Its primary property includes the Putumayo Block located in Colombia. The company is headquartered in Calgary, Canada.

vast exploration inc (VSTFF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2013.

vast exploration inc (VSTFF) Key Developments

Vast Exploration Mulls Acquisitions

Vast Exploration Inc. (TSXV:VST) is seeking acquisitions. Vast Exploration said that it will use the proceeds from recent placement of CAD 1.7 million for acquisitions purpose too. Vast Exploration said, "The gross proceeds of the offering will be used to strengthen the corporate balance sheet, pay outstanding liabilities, pursue potential acquisition opportunities and for general corporate purposes."

Vast Exploration Mulls Acquisitions

Vast Exploration Inc. (TSXV:VST) intends to use the net proceeds from the private placement of 13.3 million shares to strengthen the corporate balance sheet, pay outstanding liabilities, pursue potential acquisition opportunities and for general corporate purposes.

Vast Exploration Inc. Announces Termination of Farm Out Agreement in Colombia

Vast Exploration Inc. has terminated the farm out agreement entered into with Sagres Energy Inc. related to PUT-03, a 148,005 acre block located in the Putumayo Basin of Columbia (the "Block"). Vast successfully acquired the Block in June 2010 through a bidding round organized by the Agencia Nacional de Hidrocarburos of Colombia. As per the terms of the Agreement, Vast farmed out a 90% interest in the Block to a subsidiary of Sagres Energy Inc. in exchange for retaining a 10% carried interest during the first exploration phase, which consisted of a minimum expenditure of $12.9 million over a period of thirty six months. Vast has recently identified several violations and breaches of representations and warranties contained in the Agreement primarily as a result of the financial standing of Sagres and the work program and obligations not being fulfilled. Vast has submitted a letter to Sagres identifying the various breaches and noting the termination of the Agreement. As a result of the termination of the Agreement Vast now holds a 100% interest in the block.

 

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