Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tri-Valley Corp. (OTC BB: TRIL) -- Ignore unavailable to you. Want to Upgrade?

To: George Dysert who wrote (3989)	7/26/1999 7:07:00 PM
From: Evelio Fernandez	Read Replies (1) \| Respond to of 4821

NEWS!! Tri-Valley Fills Out Initial Test Well of Ekho Project BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 26, 1999--Tri-Valley Oil & Gas Co. (OTC BB:TRIL) Monday announced that CVL Resources Ltd. of Vancouver, British Columbia, has signed a letter of intent to join the consortium of Canadian junior companies and TVOG et al to drill the first test well on TVOG's Ekho Project west of Bakersfield. With CVL committing to the last five percent TVOG is fully subscribed on the estimated US$9.5 million to drill and complete the Ekho No. 1, according to F. Lynn Blystone, TVOG chief executive officer. "This is the first of three wells to test a mapped deep structure below 15,000 feet that could contain up to four billion barrels of 42 gravity crude and 10 trillion cubic feet of natural gas estimated from reservoir parameters as published by the California Division of Oil, Gas and Geothermal Resources," Blystone said. "The project was code named Ekho because it has the potential to 'echo' or exceed the reserves of the nearby famed supergiant Elk Hills Oilfield, which has produced over one billion barrels of oil to date," he said. The area play is in the midst of a prolific petroleum province that has, to date, produced about 11.5 billion barrels of oil -- more than Alaska's Prudhoe Bay and Kuparak River Fields combined. Right now, the top three producing oilfields in the 48 contiguous states are in the Bakersfield area, which produces nearly three times as much oil per day as the whole state of Oklahoma. "With over 100,000 wells drilled in Kern County, only 65 have penetrated below 15,000 feet. Our proprietary and licensed data along with the spectacular blowout of the Bellevue No. 1 at Middle East rates from 17,646 feet last year suggest huge potentials at depth," Blystone said. CVL has more than 18,000 square miles of holdings in Australia and New Zealand, both onshore and offshore, on which it explores for oil and gas through several joint ventures with such major companies as Shell, Amoco and Exxon. CVL Resources is listed on the Vancouver Stock Exchange under the symbol "CVL." Tri-Valley, with headquarters in Bakersfield, is listed in the U.S. over-the-counter on the electronic bulletin board under the symbol "TRIL." This news 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. 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-QSB for the quarter ended March 30, 1999, and the annual report on Form 10-KSB for the year ended Dec. 31, 1998. CONTACT: Tri-Valley Corp., Bakersfield F. Lynn Blystone/J. R. Kandle, 661/837-9300 661/837-9309 (fax) KEYWORD: CALIFORNIA ALASKA INTERNATIONAL CANADA ASIA PACIFIC

To: George Dysert who wrote (3989)	7/28/1999 3:31:00 PM
From: VanGo101	Read Replies (1) \| Respond to of 4821

"Curion reviews Project Ekho participation agreement" Message 10662024 Curion Ventures Corp CUV Shares issued 11,041,146 Jul 23 close $0.39 Mon 26 Jul 99 News Release Mr. Eugene Larabie reports: The company is reviewing the Project Ekho participation agreement. In anticipation of the execution of this agreement, Curion has filed with the Vancouver Stock Exchange documentation with respect to the company's convertible debenture for up to $2.5-million. Further, the company announces the awarding of 640,000 options of the company at 41 cents per share for two years. Curion Ventures is a 20-per-cent participant in Project Ekho, a deep oil and gas exploration project in the San Joaquin Valley, outside of Bakersfield, Calif. Recent drilling in the vicinity, namely the Bellevue No. 1 well of November, 1998, has confirmed the potential existence of giant oil and gas reserves at depths in excess of 15,000 feet. Before being controlled, the Bellevue No. 1 flowed an an estimated rate of 100 million cubic feet per day. Under restricted flow, the well averaged approximately 10 million cubic feet per day and more than 400 barrels condensate per day for six months before being plugged May 28, 1999. As stated in a press release of July 23, 1999, by Tri-Valley Oil and Gas president Lynn Blystone, the Ekho No. 1 well is testing a mapped deep structure could contain up to four billion barrels of 42 gravity crude and 10 trillion cubic feet of natural gas (estimated from reservoir parameters as published by the California division of Oil, Gas and Geothermal Resources). (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com