News Release 12-10-04:
Tri-Valley Declares Los Gatos Creek Exploratory Prospect to Be Non-Commercial
Friday December 10, 9:00 pm ET
biz.yahoo.com
BAKERSFIELD, Calif., Dec. 10 /PRNewswire-FirstCall/ -- While the Los Gatos Creek No. 1 found 260 net feet of its target lower Gatchell sand, eighty feet more than the Oil Creek No. 1, analysis of the logs did not indicate commercial quantities of hydrocarbons and Tri-Valley Oil & Gas Company will abandon the wells.
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 (Amex: TIV - News) 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." Our company websites, which include all SEC filings, are www.tri-valleycorp.com and www.tri-valley.de.
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, 2004, and the annual report on Form 10-K for the year ended December 31, 2003.
For further information please contact: F. Lynn Blystone, President & Chief Executive Officer of Tri-Valley Corporation, +1-661-864-0500, or toll free +1-800-579-9314, fax +1-661-864-0600
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Source: Tri-Valley Corporation |
