Replies to post #4126 on Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

Thanks for sharing Howard.

I don't know what you think about that , but I think it supports my thesis that the 1500 boepd on May 13 was a temporary max which was achieved by opening up and producing , albeit temporarily , wells which had been on steam cycle.

Even at that it's certainly not a 'bad' thing , because as far as I know TIV has never before had that sort of oil production 'capability' in any fashion. I suppose it is very much within the realm of possibility for TIV to , with enough wells on alternating steam/production cycles , (and/or possibly with enough wells utilizing a more constantly-producing SAGD system at some point in time) achieve an average daily production of that magnitude over the course of a month. It will just take more time to get 'all that' going.

Then it would simply become a matter of economics/recovery costs ... along with the price they can get for this heavier oil from Conoco ... as to when TIV might become profitable.

JMO

jonesie