Tri-Valley Corp. (TIV) Reports Large Increase in Second Quarter Production
Tri-Valley Corp. reported a large increase in oil and gas sales for the second quarter of 2010, which ended 6/30/2010. The increase was driven by the company’s operations in California. Tri-Valley Corporation reported sales of $1.6 million in the second quarter of 2010, triple the $500,000 in sales that were reported in the first quarter of 2010. Oil and gas production volumes in the second quarter of 2010 were 6,875 barrels of oil per day compared to 3,816 barrels of oil per day in the first quarter of 2010. Tri-Valley Corporation said that part of the increase in production during…