Tri-Valley Corp. (TIV) Reports FY11 Financials and Operational Update
Tri-Valley, the name behind a growing footprint of oil and natural gas E&P infrastructure in CA (specifically the Pleasant Valley Oil Sands Project in the Oxnard Oil Field and the Claflin Project in the Edison Field), as well as two emerging, exploration-stage gold properties in Alaska, offered FY11 (ended Dec 31, 2011) financial results today, also providing an overview/update on business-wide operations. Compared to FY10: - Oil and gas production revenues jumped 34% to $2.3M (total revenues of $2.6M) - Net oil production climbed 21% to 29,785 barrels - Gross Production up 33% at Pleasant Valley to 269 barrels/day -…