Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

I wouldn't be surprised either.

You're right , it will tell the tale , at this rate we'll have to wait until mid-August to get a 10-Q before we know anything concrete about what is really happening in 2Q08.

Apparently TIV is still not reporting anything to DOGGR on any wells at all , including Moffat , Temblor , Edison , etc.

I suppose selling the rigs is a good idea. If the current projects are working out well for Tri-Valley it's probably a good idea to focus on as few projects as possible.

Plus , they could probably use the cash in lieu of doing another private placement of shares.

I wonder how much money they got for the rigs? Since they had been refurbished/upgraded to state-of-the-art 'better than new' condition it might have been a profitable venture depending on how much money they put into them. Kind of like the Monarch mining sale , that seemed to be very profitable.

jonesie