Tri-Valley Corp (fka TVLYQ)

[leftybobcat]

Correction on my earlier post #1619...

After reading FF's last post I realized I mistakenly mentioned years instead of days for one of my calculations in Post #1619.

Here is the corrected passage from that post:

"...The PR also states the maximum recoverable Etchegoin oil is around 2.6M bbl. That is what I based my $$'s calculation on. Assuming the waterflood program works perfectly and we get TIV's higest expected rate of 600 bbl/day...that equates to $6k per day (~$180k/month) to TIV (using their 25% stake, a conservative $40/bbl oil, ignoring lifing costs). It also will take 4333 days (or 11.87 years) at 600 bbl/day to drain the 2.6M bbl in the Etchegoin formation.... "

Lefty