(InternetWire) Tri-Valley Sees Increased Tulare and Etchegoin Oil in Place
BAKERSFIELD, CA -- (MARKET WIRE) -- 11/15/06 -- While Tri-Valley Corporation (A
EX: TIV)
continues to drill through and evaluate a large diatomite zone in its
second Temblor Valley development well, electric log interpretations
indicate greater and more prolific intervals in the shallow Tulare and
Etchegoin formations from original predictions.
The second development well is definitely running high to the first
development well some 3,200 feet east and the formations are increasing in
thickness. This poses a material increase in the original estimated 45
million barrels of potential oil in place in the two formations.
Tri-Valley will drill additional wells to define the extent of the
productive area and zones.
"Advancing technology is increasing the ultimate recovery of oil in place
and production rates in these zones in neighboring fields and we are
encouraged by this latest data from these intervals," said Joseph R.
Kandle, president of Tri-Valley Oil & Gas Co., the Company's operating
subsidiary.
Tri-Valley set out a testing program of four wells to delineate the extent
of probable production before accelerating its drilling campaign on the
700-acre property adjoining the vast South Belridge Oilfield west of
Tri-Valley's Bakersfield, California headquarters.
In addition to the Temblor Valley drilling program, Tri-Valley is readying
a new well on its Pleasant Valley property in the Oxnard Oilfield near
Ventura, California and outlining several high impact wildcat exploration
prospects in various California locations.
"Few people realize the massive oil production and prospectivity in
California, a world class market for new discoveries and re-exploitation of
older fields. Tri-Valley is in the very forefront of these opportunities
to build production, revenues, reportable reserves and share value," said
F. Lynn Blystone, president and CEO.
The Company is in its 44th year of business as a successful operating
company and for 33 years has been a full reporting 12 (g) publicly traded
Delaware Corporation. Tri-Valley Corporation stock is publicly traded on
the American Stock Exchange under the symbol "TIV" in the United States and
is also traded in Europe on the Frankfurt Stock Exchange under the symbol
"TVC WKN 911919." Our company websites, which include all SEC filings, are
www.tri-valleycorp.com and www.tri-valley.de.
This press release contains forward-looking statements that involve risks
and uncertainties. Actual results, events and performance could vary
materially from those contemplated by these forward-looking statements
which includes such words and phrases as exploratory, wildcat, prospect,
speculates, unproved, prospective, very large, expect, potential, etc.
Among the factors that could cause actual results, events and performance
to differ materially are risks and uncertainties discussed in the company's
quarterly report on Form 10-Q for the quarter ended June 30, 2006, and the
annual report on Form 10-K for the year ended December 31, 2005.
Contact:
F. Lynn Blystone
President & CEO
800-579-9314
*** end of story ***
AI
Market Data 
Markets 
