Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

Operating Results cont'd

Specifically , TIV's Oil and Gas Sales Prices

From the 2007 10-K:

        Average Sales Price 
        2007                   2006 
 Gas(MCF)   Oil(BBL)   Gas(MCF)   Oil(BBL) 
 	 
  $7.15      $58.23     $6.45      $57.10

That $58.23 is an interesting number.

The average monthly closing price in 2007 (calculated by adding each month's closing price per http://www.tfc-charts.w2d.com/chart/CO/M and dividing by 12) was $74.94.

There was only one month's closing price close to TIV's Average Sales Price of $58.23 and that was Jan. 07's price of $58.14.

After January it was off to the races for oil prices with Light Crude prices moving up from that $58.14 to $95.98 at the end of December.

Does anyone have any ideas as to why TIV's Average Sales Price of oil would be $58.23/bbl?

Geo and others have said a few times that we aren't getting top (Light Crude) price for oil and that part of the 10-K seems to confirm that. Makes it hard to see how the oil revenues add up at that low of an average price.

Oh well.

jonesie