SOURCE: Tri-Valley Corporation

August 13, 2007 09:00 ET

Tri-Valley Production Unit Hires General Manager

BAKERSFIELD, CA--(Marketwire - August 13, 2007) - Dustin "Dusty" Keeler, 46, has joined Great Valley Production Services, LLC as General Manager.

Mr. Keeler has more than 25 years experience in supervision and management of production and well servicing operations, equipment, personnel, safety, customer relations and QA/QC. He has worked in various capacities for Midcal Production Services, Pride Petroleum Services, Dawson Well Service and Key Energy Services.

With Great Valley, a subsidiary of publicly traded Traded Tri-Valley Corporation (AMEX: TIV), Mr. Keeler will manage and coordinate all rigs, equipment, personnel and tools for Tri-Valley's projects and contractors. He will also be a key steward of setting and meeting operational, financial and safety goals for the Company.

Great Valley Production Services was formed in 2006 by Tri-Valley to enable work at will on its 70 wells on various properties. To overcome the acute rig shortage and difficulty in getting contractor rigs on a timely basis, old rigs were acquired and remanufactured to better than new status for production workover and also drilling new wells. An inventory of down hole tools and steam generators rounds out the capabilities of GVPS which also has its own crews to operate the equipment for itself and third parties. So far GVPS has worked over 44 existing wells, helped initiate a water flood pilot program and drilled five new wells on Tri-Valley projects. Keeler will oversee the continued expansion of GVPS reporting to Robert A. (Bob) Bell, Senior Vice President.

The company has been in business as a successful operating company since 1963, and has been a full reporting 12 (g) publicly traded Delaware Corporation since 1972. Tri-Valley Corporation stock is publicly traded on the American Stock Exchange under the symbol "TIV." Our company website, which includes all SEC filings, is www.tri-valleycorp.com.

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 March 31, 2007, and the annual report on Form 10-K for the year ended December 31, 2006.

Contact Information

  • Contact:
    F. Lynn Blystone
    President & CEO
    800-579-9314