The new zone appears to be a younger section of the productive Diatomite formation and, while its characteristics are similar to the older and well-known producing zones in the field, this particular zone is not yet known to be producing anywhere else in the entire adjoining oil fields.
"We are excited over this new zone which may provide yet another producing horizon and extension of our original mapped area of closure on Tri-Valley's Temblor Valley West property and the additional westerly lease positions," said Paul Hacker, Senior Geologist for the Company.
Tri-Valley has submitted its logs from this new formation to NuTech Energy Alliance of Houston, Texas for interpretation with their state-of-the-art tool, NuLook Textural Vision. Sidewall cores have been analyzed by Core Lab with results indicating to be similar to the productive diatomaceous zones within the South Belridge Oilfield boundaries.
With daily production approximately 100,000 barrels per day, South Belridge is the third highest producing oilfield in the 48 contiguous United States and Tri-Valley believes its producing Temblor property on the west flank has substantial additional resources in both current producing and new horizons.
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