Tri-Valley Corporate Profile & Related Information:
Tri-Valley Corporation is in the business of exploring, acquiring and developing prospective and producing petroleum and precious metals properties and interests therein. The Company has two wholly owned subsidiaries, Tri-Valley Oil & Gas Company (TVOG), which operates the oil and gas activities, and Tri-Valley Power Corporation, which is inactive at present. TVOG derives the majority of its revenue from sale of oil and gas properties. The precious metals activity is operated directly by Tri-Valley Corporation. Substantially, all of the Company's oil and gas reserves are located in northern California.
Tri-Valley has interests in oil and gas properties located primarily in the Sacramento Valley of central California, and leasehold interests in the San Joaquin and Santa Maria Valleys of California. A small segment of pipeline is owned at Tracy, CA. The company's estimated future net recoverable oil and gas reserves from proved developed properties as of Dec. 31, 2003, were 150 barrels of oil and 1,319,887 thousand cubic feet of natural gas. ConocoPhillips purchases the majority of Tri-Valley's oil and gas production. As of Dec. 31, 2003, the company owned 11 gross (4.537 net) oil and gas wells, and 2,192 gross (645 net) acres. During 2003, the company drilled four exploratory wells, all of which were still under evaluation as of March 2004.
TVOG generates its own exploration prospects from its internal database, and also screens prospect submittals from other geologists and companies. TVOG generates these geological plays within a certain geographic area of mutual interest. The prospect is then presented to potential co-venturers. The Company deals with, both, accredited individual investors and energy industry companies. TVOG is the operator of these co-ventures.
In 1987, Tri-Valley acquired precious metals claims on Alaska state lands. It has conducted exploration operations on these properties and has reduced its original claims to a block of approximately 27,440 acres (42.9 square miles). The Company has also conducted trenching, core drilling, bulk sampling and assaying activities. But, to date, Tri-Valley has not identified probable mineral reserves on these properties. These Alaskan properties are composed of 626 40-acre claims and 15 160-acre claims, of which 104 claims are leased from others, all are located solely on state-owned lands requiring annual assessment work, and an annual per claim fee.
Tri-Valley Corporation and its subsidiaries, Tri-Valley Oil & Gas Co. and Tri-Valley Power Corporation, are headquartered in Bakersfield, California. The Company is in its 42nd year of business as a successful operating company and for 32 years has been a full reporting 12 (g) publicly traded Delaware Corporation. Tri-Valley Corporation stock is publicly traded on the American Stock Exchange under the symbol "TIV" in the United States and is also traded in Europe on the Frankfurt Stock Exchange under the symbol "TVC WKN 911919."
For Further Information Please Contact:
F. Lynn Blystone -
President & Chief Executive Officer of Tri-Valley Corporation:
1-661-864-0500,
1-800-579-9314
Fax 1-661-864-0600
Corporate Headquarters:
5555 Business Park South, Suite 200
Bakersfield, CA, 93309
Tri-Valley Corporation Official Website:
tri-valleycorp.com
Tri-Valley Corporation Berlin Website
tri-valley.de
Tri-Valley Corporation SEC Filings
sec.gov
Tri-Valley Corporation (American Stock Exchange)
amex.com
Tri-Valley Corporation - Significant Developments (2000-2004)
Message 20527825
Meet Tri-Valley Corporation’s Officers & Directors
Message 20527767
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Tri-Valley Corporation Related Information Links Below:
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Drill-Sidetrack.com:
drill-sidetrack.com
Drill-Sidetrack TIV Informational Board:
pub42.bravenet.com
Silicon Investor “TRIL” Message Forum:
Subject 7516
Division of Oil, Gas & Geothermal Resources:
consrv.ca.gov
Tri-Valley Corp - Notices to Drill:
ftp://ftp.consrv.ca.gov/pub/oil/weekly_summary/2004/
CBS MarketWatch- Tri-Valley Corp Company Profile
cbs.marketwatch.com
Wall Street City- Tri-Valley Corp Historical Quotes:
host.wallstreetcity.com
Big Charts – Tri-Valley Corp
bigcharts.marketwatch.com
Tril-Seeker Website
tril-seeker.freeservers.com
Cabernet Tri-Valley Corp Project Photo Page
members.aol.com
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GO TRI-VALLEY CORPORATION!
* In our hearts and our thoughts.... thank you Truman Bradley wherever you are. |
