Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

TIV Added To Naked Short List Today per buyins.net

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M2
09:20 a.m. 06/26/2008

Jun 26, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: MBIA Inc. (MBI), PharMerica Corp. (PMC), Teekay Offshore Partners L.P. (TOO), VeraSun Energy Corp. (VSE), TriValley Corp (TIV), Capital Corp of the West (CCOW)

(excerpted):

TriValley Corp (TIV) through its subsidiaries, engages in the exploration, acquisition, and development of petroleum, metal, and mineral properties. The company's principal oil and gas properties include the Ekho property and Sunrise-Mayel Natural Gas project located in California. It also holds interests in the Temblor Valley West/South Belridge Field; and Temblor Valley East/Edison Oil Field, which consists of four separate leases in the Edison and Edison Grove Fields comprising 31 wells located in Kern County, California. In addition, the company has interest in the Pleasant Valley property located in Ventura County; and the Moffat Ranch and Chowchilla Ranch gas field in Madera County, California, as well as holds producing interests in gas fields in the Sacramento Valley of northern California, including the Rio Vista and Dutch Slough gas fields. Additionally, it operates precious metals properties in Alaska comprising the Richardson claim block consisting of 28,720 gross acres located in the north of Richardson Highway; and the Shorty Creek project with 11,080 gross acres in the Livengood District of Alaska. Further, the company holds industrial mineral project, which consists of the Admiral calcium carbonate mine located on the north-west side of Prince of Wales Island. It also involves in oil and gas drilling and development operations. Tri-Valley Corporation was founded in 1971 and is headquartered in Bakersfield, California.

With 25.45 million shares outstanding and 2.34 million shares declared short as of May 2008, there is a failure to deliver in shares of TIV. According to quarterly data provided by the SEC, there were still 15,015 shares of TIV that were failing-to-deliver as of September 14, 2007.