Replies to post #4105 on Tri-Valley Corp (fka TVLYQ)

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(BSNS WIRE) Tri-Valley Forms Well Services Alliance and Sells Its Production
ervices Equipment
Tri-Valley Forms Well Services Alliance and Sells Its Production Services Equipm
nt



BAKERSFIELD, Calif.--(BUSINESS WIRE)----

Tri-Valley Corporation (AMEX:TIV) announced that it has
established an alliance with Excalibur Well Services, Inc of
Bakersfield, California and has sold all of its 100% owned Great
Valley Production Services production rigs and equipment to Excalibur
as part of an advantageous arrangement. The sale price was not
disclosed.

"We originally formed Great Valley Production Services LLP
because, back in 2006, we could not get workover services on a timely
basis due to acute rig and personnel shortages in the contractor
community. We bought and refurbished old rigs and were able to hire
competent people to operate them. Now, with our much enhanced
production capability, we are in a far more desirable position to
better focus our management and capital resources on what constitutes
our main opportunity which is the continued rapid build up of oil and
gas production, revenue, reportable reserves, share value and reward
for our drilling partners," said Joseph R. Kandle, president of Great
Valley Production Services LLP.

Tri-Valley presently has six producing properties in California in
the Sacramento and San Joaquin Valley and the Oxnard Plain with 40
active oil and natural gas wells and plans to drill more this year and
beyond. The Company has also established a new year-end target of at
least 3,000 barrels of oil equivalent per day (up from its original
goal of 2,000) and is ahead of plan to achieve that goal.

Tri-Valley has been in business as a successful operating company
since 1963, and has been a full reporting 12 (g) publicly traded
Delaware Corporation since 1972. Tri-Valley Corporation stock is
publicly traded on the American Stock Exchange under the symbol "TIV."
Our company website, which includes all SEC filings, is
www.tri-valleycorp.com.

This press release contains forward-looking statements that
involve risks and uncertainties. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements which includes such words and phrases as
exploratory, wildcat, prospect, speculates, unproved, prospective,
very large, expect, potential, etc. Among the factors that could cause
actual results, events and performance to differ materially are risks
and uncertainties discussed in the company's quarterly report on Form
10-Q for the quarter ended September 30, 2007, and the annual report
on Form 10-K for the year ended December 31, 2007.

Tri-Valley Corporation
Egan Gost, Director of Public and Investor Relations
1-800-579-9314
[e-mail]
www.tri-valleycorp.com

Keyword: United States North America California
Industry Keyword: Energy Oil/Gas Economic News/Analysis Natural Resources Other
atural Resources

Source: Tri-Valley Corporation
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