SOURCE: Tri-Valley Corporation

October 20, 2005 14:52 ET

Tri-Valley Adds Senior Accountant for Growth

BAKERSFIELD, CA -- (MARKET WIRE) -- October 20, 2005 -- Mohamed Mora has joined Tri-Valley Corporation (AMEX: TIV) as senior accountant, it was announced today by Thomas J. Cunningham, Chief Financial Officer.

Mr. Mora comes with five years' experience with the Company's external auditing firm, Brown Armstrong Accountancy Corporation, although he was never involved in Tri-Valley audits. While at Brown Armstrong, Mr. Mora rose from staff accountant to audit group leader and then senior accountant.

A native of Egypt, Mr. Mora is a graduate of Menounfia University with a degree in business administration with concentration in accounting. He subsequently worked for several export and retail companies enroute to America and has one class to go to complete his credential as a CPA.

"In Mohamed we see a very dedicated and skilled professional who has demonstrated a fast track approach to learning different businesses. We're confident he will render valuable service in our oil, gas and mining businesses during this high growth period of Tri-Valley," said Cunningham.

Headquartered in Bakersfield, California, Tri-Valley Corporation has two operating subsidiaries, Tri-Valley Oil & Gas Co. exploring and producing in California and Nevada and Select Resources Corporation exploring for gold in Alaska and the Klondike region of the Canadian Yukon Territory. Select also operates industrial mineral properties in California and Alaska. A third subsidiary, Tri-Valley Power Corporation, is dormant awaiting commercialization of a large natural gas discovery that could provide feed stock for value-added generation of electricity.

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.

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.

Contact Information

  • CONTACT:
    Thomas J. Cunningham
    Chief Financial Officer
    Email Contact
    661-864-0500