Oct 29 (Reuters) - BKV Corp ( BKV ):

* BKV ANNOUNCES ACQUISITION OF CONTROL POSITION IN BKV-BPP

POWER

JOINT VENTURE TO ACCELERATE GROWTH STRATEGY

* BKV CORP ( BKV ) - TO BUY 75% INTEREST IN BKV-BPP POWER

* BKV CORP ( BKV ) - TO PAY $376 MILLION LESS 25% OF NET

INDEBTEDNESS

* BKV CORP ( BKV ) - CONSIDERATION PAID 50% IN CASH AND 50% IN BKV

STOCK

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