Tri-Valley Adds to California Lease Position -------------------------------
Tuesday March 1, 12:30 pm ET
biz.yahoo.com
BAKERSFIELD, Calif., March 1 /PRNewswire-FirstCall/ -- Tri-Valley Oil & Gas Co., an operating subsidiary of Tri-Valley Corporation (Amex: TIV - News) has acquired a producing lease of approximately 7,000 acres in California. While the property does not exceed 15% of the balance sheet assets and does not meet the requirements of the Securities and Exchange Commission for mandatory disclosure, the Company believes the property is prospective for hydrocarbon and represents a material opportunity.
Accordingly, the Company makes this abbreviated announcement while keeping further details confidential until its leasing program is complete.
Tri-Valley Corporation is in its 42nd year of business as a successful operating company and for 33 years has been a full reporting 12 (g) publicly traded Delaware Corporation. The Company's 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.
CONTACT: F. Lynn Blystone, President & Chief
Executive Officer, +1-661-864-0500,
or toll free, +1-800-579-9314, or fax, +1-661-864-0600 |
