Calif. company reports 2009 proved, probable reserves

03/30/2010 | Oil & Gas Journal

Tri-Valley had 3 million barrels of proved reserves, 800,000 barrels of probable reserves, and 6 million barrels of possible reserves at the end of last year. The company had no reportable reserves at year-end 2008 because of weak oil prices worldwide. Most of the reserves are found in the company's shares in the Pleasant Valley heavy-oil development in California.

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