Tri-Valley Corp. (TIV) Completes Expanded Phase 1 Drilling Program at Claflin Project in California, Increases Existing Production
Tri-Valley Corp., which is engaged in oil and natural gas development on its properties in California and which is developing exploration-stage precious minerals at the Company’s gold properties in Alaska, reported today successful completion of an expanded Phase 1 drilling program at its Claflin oil project in Bakersfield at the Edison Oil Field. The Company has drilled an additional two holes on its way to drilling a total of 22 during 2011 as planned and will be poised once complete to bring the some 2.1M barrels of net proved undeveloped resource to proved, developed and producing status, while continuing to…