Trinity Valley Energy Corp.

December 05, 2013 11:55 ET

Trinity Valley Announces Final Results of Core Analysis and Commencement of Modeling

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2013) - Trinity Valley Energy Corp. (TSX VENTURE:TE) (The "Company") has been advised by Anderson County Land Company ("ACLC") that Weatherford Laboratories has completed and reported on the analysis of the core the remaining five of the ten core holes drilled on the Days Chapel Enhanced Oil Recovery ("EOR") Project ("Days Chapel" or the "Project"), located in Anderson County, East Texas approximately 110 miles southeast of Dallas, Texas.

This report is an update from the press release of November 12th 2013 wherein the results of the first 5 core holes were reported. A total of 91 plugs, ranging from 6 plugs to 33 plugs per core, were extracted from the cores for retort processing. The average range of porosity was from 30.6% to 33.7%. Oil saturation within the pore space of the Carrizo averaged 34%.

Combined with the first 5 core holes, a total of 161 plugs have been evaluated and measure a weighted average porosity of 36% and weighted average oil saturation of 34%. Selected additional samples, using the Deak Stearns process are being undertaken with the objective of comparing derived porosities undergoing biaxial stress testing(retort analysis) with those undergoing triaxial stress testing(Dean Stark) for any disparities due to overburden pressures. Also, the results will provide for measured oil saturation compatibilities between the two methods of testing.

Gerrard Kiefer has used the combination of well logs and core analysis to remap the Carrizo formation in the Days Chapel field. The revised mapping indicates an increase in gross pay specifically to the north. Our leasing program has been modified to increase our land position accordingly. Richard Cooper, Consulting Engineer is utilizing this data set to prepare a modelling of the field to identify the best combination of technology to exploit the Days Chapel Carrizo formation. He recently visited the field with Mr. Kiefer.

The calculation of Original-Oil-In-Place has been initiated. Robert Naas P. Eng., an independent reservoir engineer has been retained to provide an opinion on the determination. Mr. Naas prepared the NI51-101F2 dated December 17, 2012 for the Company.

In conclusion, results from the above modeling program and analysis's will provide information to update a NI 51-101 compliant independent reservoir engineering report such that all or a portion of Probable Reserves can be reclassified as Proven Undeveloped Reserves. (see news release February 12, 2013).

About The Days Chapel Project

The Days Chapel oilfield in Anderson County, East Texas is shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to 700 feet. The formation lacks natural reservoir "drive" in the form of solution natural gas or water drive. Accordingly, it must be artificially heated to enable the oil to be produced.
The Days Chapel oilfield is one of a number of contiguous Carrizo oilfields in the southern part of Anderson County. Whereas the Carrizo formation lacks natural reservoir energy in the form of solution natural gas or water drive, in the late 1960's Shell Oil Company developed the Slocum field, less than two miles south of Days Chapel with a full scale steam-injection using vertical well 7-spot injection patterns.

The Days Chapel Project has established infrastructures that include paved highways throughout the property, rail access, a sale gas pipeline runs through property, good water sources with rights, valid lease and Mineral Deeds have been assembled by ACLC over a 4-year period. The Project is strategically located close to the Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake Charles areas, offering significantly higher oil price differential to Canadian oil producers (Heavy Oil) per barrel.

Gerrard Kiefer, Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.


Michael Dake, President

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