| Business Summary | | Tri-Valley
Corporation
is
in
the
business
of
exploring,
acquiring
and
developing
prospective
and
producing
petroleum
and
precious
metals
properties
and
interests
therein.
Tri-Valley
has
two
wholly
owned
subsidiaries.
Tri-Valley
Oil
&
Gas
Company
(TVOG)
operates
the
oil
&
gas
activities,
and
derives
the
majority
of
its
revenue
from
gas
production.
Tri-Valley
Power
Corporation
is
inactive.
The
precious
metals
activity
is
operated
directly
by
the
Company.
The
oil
and
gas
properties
in
which
the
Company
holds
interests
are
primarily
located
in
the
area
of
central
California
known
as
the
Sacramento
Valley.
The
Company
also
leases
exploration
acreage
in
the
San
Joaquin
and
Santa
Maria
Valleys.
Tri-Valley
contracts
for
the
drilling
of
all
its
wells
and
does
not
own
any
drilling
equipment,
bulk
storage
facilities,
transportation
pipelines
or
refineries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tri-Valley
Corp.
is
in
the
business
of
exploring,
acquiring
and
developing
prospective
and
producing
petroleum
and
precious
metals
properties
and
interests
therein.
For
the
six
months
ended
6/30/01,
total
revenues
fell
25%
to
$1.4
million.
Net
income
rose
3%
to
$316
thousand.
Revenues
suffered
from
the
sale
of
the
Sunrise
prospect
in
fiscal
year
2000.
Net
income
benefitted
from
the
absence
of
$394
thousand
in
costs
associated
with
the
sale
of
an
asset. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| F. Lynn Blystone, 65 Pres,
CEO | $106K | Thomas Cunningham, 58 CFO,
Sec., Treasurer | -- | Joseph Kandle, 58 Pres
- TVOG | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|