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Tri-Valley Ships First Oil From Temblor Valley Production
----------------------------------------------------------------PRNewswire
2:01 p.m. 01/30/2006

BAKERSFIELD, Calif., Jan 30, 2006 /PRNewswire-FirstCall via COMTEX/ -- Tri-Valley Corporation (TIV) announced that it had shipped an initial 2,500 barrels of oil in January from its recently acquired Temblor Valley producing property and expects to increase this monthly production by reworking several idle wells on the property.

The rework program should commence in February when the Company begins taking delivery on its own production rigs and assigning them to its various producing properties in California.

Additionally, Tri-Valley has begun preparations to drill a horizontal well in the diatomite interval of the Temblor Valley property which adjoins the super giant South Belridge Oil Field, from which tens of thousands of barrels of oil per day are produced from the diatomite.

"The diatomite is but one interval of several on this lightly drilled property that have never been exploited and we are excited about the upside this re-exploitation with modern methods represents," said Joseph R. Kandle, president of the operating subsidiary, Tri-Valley Oil & Gas Co.

The first three zones are shallow beginning at 350 feet down to 1,200 feet. However, deeper potential is thought to be available from information of the then world's deepest well, the Berry No. 1, drilled in 1930 to 11,377 feet on the property and which had 59 API gravity oil shows. Tri-Valley will also pursue development of a deep exploration prospect once the re-exploitation and production build up is well underway.