Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

Tri-Valley Adds Technical Staff

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PRNewswire
2:31 p.m. 08/19/2005


BAKERSFIELD, Calif., Aug 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- Tri-Valley Corporation (TIV) has added two geologists and an engineer as part of a larger build up of technical staff related to expanded drilling and production opportunities.

After previously serving the Company's operating subsidiary, Tri-Valley Oil & Gas Co., as consultants, geologists Paul Hacker and Myron Tiede and engineer Ron Brown have converted to employees making them eligible for the Company's benefit plan including stock options.

"With our corporate mission statement being 'to increase the value and liquidity of Tri-Valley shares' we like to see all employees on the same page as our other shareholders so that their reward comes from focusing their efforts and results on adding value to the stock," said F. Lynn Blystone, president and chief executive officer of Tri-Valley Corporation.

All three will report to Tri-Valley Oil & Gas Co. president, Joseph R. Kandle, who continues to search for additional technical staff to exploit the growing opportunities being acquired by the Company.

"We have three producing properties for very significant re-exploitation using advanced techniques and are permitting new wells in behalf of our Opus Drilling Program as we speak. Each of these producing properties is a company unto itself and will need their own engineer/geologist team to rapidly exploit them in a manner that will transform our Company," Kandle said.

Tri-Valley is also continuing to evaluate other properties for acquisition as it strives to rapidly increase the underlying productive assets of the Company and will be exploring major geologic targets for exponential gain.

"We look for extraordinary growth through the drill bit and are undergirding that with re-exploitation properties to provide exceptional rewards overall for our shareholders and drilling partners, and are building a team of seasoned professionals to assure those results," Blystone said.