Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

"positive PPS impact"

I'm assuming my secondary calcs of an estimated BOE production amount in 2Q08 are correct.

Based on that assumption , and my calcs showing 1Q's production of ~12K BOE per quarter possibly growing to ~69K BOE per quarter in 2Q .... I'd have to say I'm actually surprised there wasn't a positive bump up to the share price after the Q came out.

I suppose that excitement over what seem to be significant gains in production , most of which would have taken place in a period of just 1-1/12 months , might have been tempered by the continued operating losses.

But still , those seem to be pretty big production gains coming out of a company which hasn't had any production gains to amount to anything for years.

Are my calcs way off base?

Are investors not believing it's sustainable?

Are they skeptical about growth beyond those numbers?

Do potential investors want to see if TIV can actually extract those hydrocarbons profitably at some point in time?

I'm still surprised at the lackluster response of the market to that Q report.

But then I've always been surprised at TIV holding up at $6 for so long in the face of lack of production increases and continued losses , so I guess I'll just have to put the TIV PPS in the 'enigma' category.

Surely if Lynn continues what might have been the closing production rate in June of 10K BOE per week , and posts numbers in November showing 120K BOE production for 3Q .... and showing , if not profitability , decidedly lower losses .... surely THAT would attract some notice.

jonesie