Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

It is indeed difficult to know what TIV gets ....

.... for a barrel of Zaca tar crude.

It's confusing enough when it comes to what they say they get for oil coming out of the Temblor , Edison , etc wells.

Remember the below from earlier this year? In TIV's annual report for 2007 they stated they sold barrels of oil for an annual average well below (~20% below) what one might expect by looking at industry-published prices.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29269273

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Operating Results cont'd

Specifically , TIV's Oil and Gas Sales Prices

From the 2007 10-K:

        Average Sales Price  
         2007                   2006  
  Gas(MCF)   Oil(BBL)   Gas(MCF)   Oil(BBL)  
      
   $7.15      $58.23     $6.45      $57.10

That $58.23 is an interesting number.

The average monthly closing price in 2007 (calculated by adding each month's closing price per http://www.tfc-charts.w2d.com/chart/CO/M and dividing by 12) was $74.94.

There was only one month's closing price close to TIV's Average Sales Price of $58.23 and that was Jan. 07's price of $58.14.

After January it was off to the races for oil prices with Light Crude prices moving up from that $58.14 to $95.98 at the end of December.

Does anyone have any ideas as to why TIV's Average Sales Price of oil would be $58.23/bbl?

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jonesie