Tri-Valley Corp (fka TVLYQ)

[geoscience2]

Well, I was expecting a little more definitive PR about what they encountered in the second well (footage wise), based on specific information from the final e-log run. But, I guess they haven't done the final logging run because I think they did an intermediate logging run to evaluate the upper 2 zones (Tulare & Etchegoin) and are currently drilling deeper in, or past, the Diatomite section. I can't imagine they are still drilling in the Diatomite considering they PR'd the fact they already mudlogged 1,500' of the Diatomite section almost 2 weeks ago, which has to be the entire thickness of it basd on the DOG field information for this formation/field. Maybe its thousands of feet thick at this location?? Perhaps a paleo-hole/basin where all those little phytoplankton quiescently accumulated over millions of years and built up a great thickness of Diatomite "tests" and organic ooze???

Overall, it is definitely positive and it looks like the pps got a little push upward from it on anemic volume, but we'll see if it holds. I would say the PR mostly fell on deaf Big Gun ears again due to lack of specific info and more planning. They are likely waiting for some solid "bottom line" stuff, like flow rates, before they jump in, if they are even lurking these days.

Geo