Tri-Valley Corp (fka TVLYQ)

[Parsifal]

SEC question:

New to this board but a stockholder for about 10 years. I’ve been wondering about the statements being made about Temblor having to produce oil for 6 months before it can be called a proven reserve. Where is this stated? When I looked at SEC Reg. § 210.4-10 (page 41) I can’t seem to find any such timeframe. Yet it’s not only been stated on this board but now also in the Attica report. Is there some other SEC rule in play here because we’re moving from an exploration company to a producer or is this just common practice for the oil industry because they want to be on the safe side when it comes to proven reserves?


http://www.sec.gov/about/forms/regs-x.pdf