Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

Operating Results cont'd

Specifically, 'lifting costs'.

I found the note in the 2007 10-K regarding what TIV terms "average production (lifting) cost per unit of oil and gas produced"

        Production (lifting) Costs 
        2007                   2006 
 Gas(MCF)   Oil(BBL)   Gas(MCF)   Oil(BBL) 
 	 
  $1.55      $16.28     $1.41      $15.23

So that's the source of the $1.41 & $15.23 in my spreadsheets.

Apparently lifting costs have gone up about 7% on the 'standard ' type oil wells TIV produced in 2007 , and about 10% on the gas wells , when compared with 2006 lifting costs.

I wonder what lifting costs become at PV and Temblor when the steaming cost is included.

jonesie