Tri-Valley Names New CFO and New CAO in Support of Growth

Tri-Valley has hired Art Evans, CPA, CMA, CFM as its chief financial officer to succeed Tom Cunningham, who is promoted to vice president and chief administrative officer.

Evans has a full range of accounting and financial management experience in several industries as well as oil, gas, and mining and with Fortune 500 companies as well as independents like Tri-Valley. He holds a bachelors of science in accounting from Weber State University in Ogden, Utah, a master of business administration in finance from Golden State University, Los Angeles and a master of science in systems management from the University of Southern California, Los Angeles. His professional designations include Certified Public Accountant, Certified Management Accountant and Certified Financial Manager.

Evans is also experienced in acquisitions and divestitures both of which Tri-Valley is becoming more active in pursuing. He is current with the recently enacted Sarbanes-Oxley regulations for publicly traded companies such as Tri-Valley and has venture capital investing and capital formation experience. Evans and his family lived in Bakersfield for three years while he was a controller for Getty Oil Company and will now relocate from Salt Lake City to Tri-Valley's Bakersfield, California headquarters. He will initially report to Tom Cunningham.

After nine years of progressive responsibility, including the positions of secretary, treasurer and chief financial officer, Thomas J. Cunningham will oversee the organization and administrative structuring of Tri-Valley as it expands personnel and projects.

"Tom is a very organized person and has the mission of relieving our technical people of as much administrative function as possible to maximize the application of their strengths on corporate projects and opportunity to grow shareholder value. Our expanding personnel base requires formal structures we never had to be concerned about before and Tom can greatly assist in keeping our growth smooth and productive," said F. Lynn Blystone, president and chief executive officer.