Tri-Valley Restores Gas Well Production
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BAKERSFIELD, Calif., Nov. 8 / -- Tri-Valley Corporation (AMEX:TIV) has recompleted its Martins-Severin No. 3 natural gas well in the Sacramento River Delta with an initial flow rate of more than 1 million cubic feet per day from the Nortonville formation. The well will be choked back to begin production at a rate of about 250 thousand cubic feet per day and gradually increased to an optimum rate to avoid sanding up the well bore.
Drilled in 1990, the No. 3 is part of a six well program that has produced more than 22 billion cubic feet of high quality gas from the unit put together by Tri-Valley and its then co-venture partner, Phillips Petroleum Company. Tri-Valley bought Phillips' interest in 2000.
Tri-Valley will now move its production rig to its Moffat Ranch East property near Madera, California, to begin recompletion work on three natural gas wells on that lease prior to drilling a 10,300-foot appraisal well to evaluate all zones to basement to design its program to develop the property.
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 June 30, 2005, and the annual report on Form 10-K for the year ended December 31, 2004.
Headquartered in Bakersfield, California, the Company is in its 43rd 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." Our company websites, which include all SEC filings, are www.tri-valleycorp.com and www.tri-valley.de.
CONTACT:
F. LYNN BLYSTONE, PRESIDENT & CEO
TRI-VALLEY CORPORATION
800-579-9314
Source: Tri-Valley Corporation
CONTACT: F. Lynn Blystone, President & CEO of Tri-Valley Corporation, +1-800-579-9314
Web site: www.tri-valleycorp.com/
Web site: www.tri-valley.de/
