Replies to post #3908 on Tri-Valley Corp (fka TVLYQ)

[SA12]

"5/12/08: Has begun broker/investor awareness campaign"

Ugh. Trust me, put up the numbers and the market will respond. When will they ever learn. Shameless self-promotion will be self-defeating. No one has any faith in what they say they're going to do.

After years and years of, let's be generous, misleading investors (in my view) about the prospects of this company, no amount of verbal pumping is going to get this stock moving until and unless they pump real and significant ampounts of oil and gas.

Lynn has long since lost any credibility he's had (except, apparently, with the board - if/when this thing crashes, they better hope their D&O is paid up and has high limits).

[jonesieatl]

2008 GUIDANCE

Recent guidance given by the company via PRs and Shareholder Letters , for subsequent tracking purposes.

Achieved goals / guidance and independently confirmed statements noted with bold.

Please provide any input regarding any I may miss or get wrong, TIA. -jonesie

GOALS / GUIDANCE

1/4/08: 4 more PV Horiz. wells in 1Q08
1/4/08: 4 new PV wells steamed & producing by end of 2Q08
1/4/08: Up to 20 such shallow horiz. wells at PV

1/10/08: Moffat Ranch East: drill campaign for 25 NG wells

1/18/08: 5 horiz. PV wells on production in 2Q08
1/18/08: Aims for 1,000 BOPD or more from these 5 wells
1/18/08: Anticipates drilling 2nd PV suite in 3Q & 4Q08

2/15/08: +2000 BOEPD by EOY 2009 from PV, Moffat Ranch & Temblor Valley West (per PR 5/12/08 , which I believe may clarify an earlier interpretive ambiguity , I have added this note conjecturing that they actually meant 2,000 BOED by EOY 2008 vs by EOY 2009 as I first thought.)

3/20/08: Returning PV-1 to production after 2nd steam cycle
3/20/08: Expects to drill min. 2 more PV wells by mid-April
3/20/08: Est. goal of 20 such wells by EOY 2008
3/20/08: Beat goal of 3 new PV wells + 1 on steam
3/20/08: Initial Operation Catapult goal 1,000 BOPD end 2Q08
3/20/08: Finalizing contract with outside supplier for
diluent/light oil
3/20/08: 1 re-entry + 2 workover wells at Moffat Ranch to
produce additional gas
3/20/08: 2Q08 goal of 2MMCFD by 6/30/08

4/25/08: 7 horizontal bores at PV
4/25/08: Believes will achieve 2,000 BOEPD by EOY 2008
4/25/08: Finalizing permits to drill 12 more wells in 2008 in holdings which could accommodate up to 80 horiz. bores
4/25/08: Intends to re-work 20 idle vert. bores in newly added 120 acres

5/1/08: 1Q08 Goal of 500 BOPD producing capacity
5/1/08: 2Q08 Goal of 1000 BOPD (actual production per day and sales will be initially lower)

5/12/08: Reaffirms 1Q08 Goal was 500 BOED capacity
5/12/08: Reaffirms 2Q08 Goal is 1000 BOED actual production
5/12/08: Reaffirms EOY 2008 Goal is 2,000 BOED


STATEMENTS

1/4/08: PV-1: steady production rate 200+ BOPD on pump
1/4/08: Ultimate several thousand BOPD from Vaca zone using SAGD

1/10/08: Moffat Ranch East 48x-7 NG well initial rate 1MMCFD

1/18/08: PV-1 has steady production rate 200 BOPD
1/18/08: Preparing to fracture Sespe in PV-2 to enhance flow of
diluent/light oil

2/15/08: Lundin-Weber No. 188 flowing 34 BOPD
2/15/08: PV-1 on full steam cycle to begin steady production

3/20/08: Anticipate PV-1 higher daily rate + longer prod. cycle
3/20/08: Now est. each PV well in range of 250 BOPD on pump
after each steam cycle.
3/20/08: TIV will consider putting in SAGD infrastructure
3/20/08: Completed drilling 5th PV well + 2 on steam
3/20/08: Moffat Ranch East 48x-7 NG well 1MMCFD

4/25/08: Steaming results (at PV) indicate possible several hundred bbls per day per well production rates
4/25/08: New gas discovery at Moffat Ranch continues to produce ~1MMCFD
4/25/08: S. Belridge beginning to show gains; 40bbls+ being produced from one of the 5 new wells there.
4/25/08: Scheduling broker/investor awareness seminars
4/25/08: Finalizing Oil King project with chance of identifying 500MM bbls via 15,000 ft. test

5/1/08: Added 120 acres containing 20 idle vert. bores to PV
5/1/08: These 120 acres will add MM's of BBLs of production & reserves to TIV's account
5/1/08: Finalizing permits for additional PV wells
5/1/08: PV-1 2nd steam cycle increased flow rate
5/1/08: PV-1 put on 3rd steam cycle in lieu of producing
5/1/08: PV-2 off pump and being worked on
5/1/08: PV-3 production to follow shortly
5/1/08: PV-4 pumping at favorable rates
5/1/08: PV-5 PV-6 PV-7 PV-8 being readied
5/1/08: Moffat 49X producing ~1MMCFD
5/1/08: Moffat 8-12: Anticipate production in May, may frac
5/1/08: Moffat 2 on work/eval/frac program
5/1/08: Moffat 2-7-1 May re-entry
5/1/08: Moffat 17-7 Permitted to drill late 2008
5/1/08: Temblor West D352 steamed twice & to be re-steamed
5/1/08: Temblor West D188 produced 40BOPD+, sanded, back on production
5/1/08: Waterflood less than expectations; re-planning
5/1/08: Temblor East Shields & Arms re-work = 2.5 fold field offtake increase in 1Q08
5/1/08: Temblor Overall production now exceeds 100 BOPD target
5/1/08: Scheduling investor/broker awareness seminars

5/12/08: Production from 39 active wells at 1,015 BOED on 5/8/08 & increasing
5/12/08: 7 more wells yet to be put online
5/12/08: Has begun broker/investor awareness campaign
5/12/08: Several new wells on confidential status but they are extremely pleased with initial production