Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

TIV QUICKLY PR's PRODUCTION AFTER OPUS DELAYS LAWSUIT

TRI-VALLEY EXPERIENCES HIGHER MONTHLY COSTS FOR STEAM STIMULATION

TRI-VALLEY DISCOVERS IT'S HARDER TO PRODUCE COOL HIGH-VISCOSITY CRUDE OIL AT END OF STEAM/PRODUCTION CYCLE

TRI-VALLEY PREPARES INVESTORS FOR MONTHLY VARIANCES IN PRODUCTION

JMHO -jonesie

http://ih.advfn.com/p.php?pid=nmona&article=44637648&symbol=TIV

"Tri-Valley Reports Increased Oxnard Oil Field Production in September

Date : 10/04/2010 @ 6:30AM

Tri-Valley Reports Increased Oxnard Oil Field Production in September

Tri-Valley Corporation (NYSE Amex:TIV) today announced that gross oil production during September from its Pleasant Valley oil sands project in Oxnard, California, averaged 324 barrels of oil per day as compared with 210 and 151 barrels of oil per day in August and July, respectively. Oil production at Pleasant Valley during September reached a peak rate of 600 barrels per day. September production reflects the results of additional cyclic steam stimulation and resolution of issues which had temporarily decreased production in the prior two months of the quarter. The Company’s reported production at Oxnard is net of diluent used to produce and process heavy oil for sale.

“September production improved at Pleasant Valley due to additional extended steam cycles completed during July and August on two horizontal wells on the Hunsucker Lease,” said Maston Cunningham, president and CEO of Tri-Valley Corporation. “July and August production at Pleasant Valley was lower than expected due to unavailability of production rigs for well repairs, and problems in processing cooler, higher viscosity crude oil pumped from wells nearing the end of their extended steam-oil production cycles. These issues have been resolved, and we expect continued momentum in oil production at Pleasant Valley.”

Given the cyclic nature of the Company’s steam injection operations at Pleasant Valley, monthly oil production will vary from month to month according to the actual number of days that each well is on production in a given month.

About Tri-Valley

Tri-Valley Corporation explores for and produces oil and natural gas in California, and has two exploration-stage gold properties and a high grade calcium carbonate quarry in Alaska. Tri-Valley is incorporated in Delaware and is publicly traded on the NYSE AMEX exchange under the symbol "TIV." Our company website, which includes all SEC filings, is www.tri-valleycorp.com."