VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 16, 2000--
(CDNX:CBN) (CDNX:POE) (CDNX:PRP) (OTC Bulletin Board:TRIL) (CDNX:ASV)
David Patterson Chairman of the EKHO Project consortium is
pleased to announce that the EKHO No. 1 test well, spudded February 7,
2000, has drilled past 11,000 feet. The total target depth for the
well is 19,500 feet.
Located 40 miles northwest of Bakersfield, California, the EKHO
No. 1 is the first of three wells scheduled to test a large
structurally controlled stratigraphic trap identified geologically and
confirmed by seismic data. The primary target formation is in the
Temblor sandstones, a thick package of Middle and Lower Miocene
horizons in which previous drilling identified hydrocarbon prone
sections. Technological advances within the industry over the past 25
years provide the opportunity to exploit these zones. In addition to
the Temblor Sandstones, secondary targets exist above the target
Nine Canadian Venture Exchange (CDNX) resource companies and
various individual investors have funded the EKHO No. 1. The EKHO
Consortium includes, Aster Ventures Corp, (ASV.V) 20%, Curion Venture
Corp. (CUV.V) 20%, Lucre Ventures Ltd. (LVD.V) 12%, Berkshire
International Mining Ltd. (BKR.V) 10%, CVL Resources (CVL.V) 9.64%,
Consolidated Bradbury International Equities (CBN.V) 5%, Curlew Lake
Resources (CWQ.V) 5%, Pan Ocean Explorations (POE.V) 5% and Prairie
Pacific Energy Corporation (PRP.V) 5%.
Tri-Valley Corporation is the publicly traded parent (OTC BB
"TRIL") of Tri-Valley Oil & Gas Co., EKHO Project operator.
On Behalf of the
EKHO Project Consortium
"David Patterson" Chairman
The Canadian Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
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