Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

What Will Propel TIV's PPS Upwards?

Although in the past there have been many periods of perhaps "overexuberant expectations" propelling TIV's PPS upwards , those days seem to be over. Even in the face of sequential PRs appearing to imply sustained production at rapidly increasing rates , the share price has been relatively stagnant.

One possible reason for this is that the market truly is waiting to see verified and sustained production rates and/or verified and sustained revenues and/or at some point in time a positive EPS.

Those sorts of verified numbers really do make a difference in the PPS fortunes of an oil and gas company at this 'stage of their game'.

The following sequence illustrates exactly that by showing the PRs vs PPS vs SEC-Filed Earnings Statements of another O&G company , Pyramid Oil (AMEX:PDO) , who as it happens operates out of Bakersfield, CA.

(Note the lack of hyperbole within the PRs. Just the bare facts without any unnecessary and at times 'Safe Harbor'-protected verbiage. Oh , and all PPS's are split adjusted due to the recent stock split. Exciting share price appreciation .... again , if TIV has the goods .....)

2/20/08 (PPS = $3.31)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=24855513&symbol=A%5EPDO

"Pyramid Oil Company Announces Results From a New Well

BAKERSFIELD, Calif., Feb. 20 /PRNewswire-FirstCall/ -- PYRAMID OIL COMPANY (AMEX:PDO) announces results from its joint venture operations in Texas. In December 2007, the Company participated with a joint venture group in the drilling of a directional 1,100 foot lateral hole that encountered excellent gas shows in sections of a fractured carbonate zone, at a depth below 12,000 feet. In mid-January, the well was hydraulically fractured with the injection of 9,700 barrels of gelled fluid carrying 500,000 pounds of proppant. Post frac testing indicated natural gas rates of over 4,000,000 cubic feet a day and approximately 40 barrels a day of condensate. The gas tested at over 1,200 Btu per cubic foot and the bottom hole pressures observed were in excess of 8,000 psi during testing. Currently the well is shut in waiting for the installation of a 3.8 mile gas sales pipeline. Participants in the joint venture expect gas sales to begin sometime in mid-2008. The joint venture group currently holds oil and gas leases on approximately 5,700 contiguous acres surrounding this well. The Company expects additional joint venture drilling operations on this acreage to begin shortly after completion of the gas sales pipeline. Pyramid Oil Company owns a gross 12.5% working interest (before payout) in this joint venture prospect."

(Boom. Sweet and simple. Includes actual working interest %.)

3/26/08 (PPS = $3.16)
http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=25674694&symbol=A%5EPDO

"Pyramid Oil Company Provides Update on New Carneros Creek Well

BAKERSFIELD, CA today announced it has completed drilling operations on its new well in the Carneros Creek field, located in Kern County, California. After reaching a depth of 3,300 feet, logging operations were conducted on the well, and production casing was run. Pyramid expects to begin additional completion operations on the well within the coming week, and intends to announce production results in the near future."

(Yes, that really was it, the entire PR. No listing of everything they ever did or ever thought about doing or were planning to do .... simply what investors really need to know)

3/31/08 (PPS = $3.27)

http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=25676261&symbol=A%5EPDO

"Pyramid Oil Company Announces Fourth Quarter and Full-Year Financial Results

BAKERSFIELD, CA today announced financial results for its fourth quarter and full fiscal year ended December 31, 2007.

Fourth quarter revenue increased 61% to $1,399,276 versus $868,514 in the fourth quarter of fiscal 2006. Operating income was $593,792 versus a loss from operations of $240,154 in the same quarter a year ago. Net income was $427,371, or $0.11 per diluted share, versus a net loss of $33,313, or $0.01 per diluted share, in the comparable year-ago quarter. The Company's improved fourth quarter financial performance is primarily attributable to a sharp increase in revenue from oil and gas sales."

(Okay, that one was longer and I only posted the first part, no need to post all of it, it was just actual reporting of actual numbers .... for an entire quarter and an entire year .... and I think they went profitable, or perhaps they already had in the previous quarter.)

5/15/08 (PPS = $14.84)

http://ih.advfn.com/p.php?pid=nmona&cb=1213638169&article=26347243&symbol=A%5EPDO

Pyramid Oil Company Announces Strong Revenue and Earnings Growth in First Fiscal Quarter

BAKERSFIELD, CA today announced financial results for its first fiscal quarter ended March 31, 2008.

Revenue increased 92% to $1,589,896 versus $826,180 in last year's first quarter. Approximately 81% of the increase was due to higher oil and gas prices, which were up by $38.50 per equivalent barrel of oil versus the first quarter last year. Approximately 12% of the increase was due to higher production and sales levels. Pyramid's first quarter net revenue share of crude oil production increased by approximately 1,800 barrels compared with the first quarter last year.

Operating income increased to $739,698 versus $44,379 in the first quarter a year ago. Net income rose to $834,271, or $0.22 per diluted share, from $57,929, or $0.02 per diluted share, in the comparable year-ago quarter.

(Another longer one but it's not just a PR, it's a recap of an entire quarter and contains lots of actual numbers and sparse hyperbole.)

6/9/08 (PPS = $18.60)

http://ih.advfn.com/p.php?pid=nmona&cb=1213638168&article=26763162&symbol=A%5EPDO

"Pyramid Oil Company Announces 5-for-4 Stock Split

BAKERSFIELD, CA , today announced that its board of directors has approved a 5-for-4 split of the Company's common stock. Shareholders of record as of the close of business on the record date of June 24, 2008, will receive one additional share of common stock for each four shares held. The effective date of the split will be July 1, 2008, and the additional shares will be mailed or delivered on or about July 3, 2008, by the Company's transfer agent, Computershare Investor Services. Fractional shares will be rounded up. The stock split will increase the number of common shares outstanding from approximately 3,741,720 shares to approximately 4,677,150 shares.

John Alexander, president and CEO, said, "We have achieved strong improvements in our financial and operational performance, and are encouraged by the increased level of interest Pyramid has generated within the investment community. We believe this stock split will allow us to increase the size of our public float and make our shares more accessible to a broader base of prospective shareholders.""

(Boom. Short and sweet again. That was the entire PR.)

6/13/08 (PPS = $19.61 with a bullet)

(One other note: PDO as of 5/27/08 had 206,000 shares short on an outstanding of about 3.74MM -- about 14.9% of the float. That short interest was much lower in March and April. TIV has a short interest which only represents 9.9% of the float , but still .....)

JMO and FWIW

jonesie