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Tri-Valley Files For Chapter 11 Relief; Receives Commitment For DIP Financing

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August 8, 2012

Tri-Valley Corporation (TVLY) announced the Company, its wholly owned subsidiaries, Tri-Valley Oil & Gas Co. ("TVOG") and Select Resources Corporation, Inc., and TVC Opus I Drilling Program, L.P., of which the Company is the managing partner, filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code.

The Company's Chapter 11 Case is being administered under the caption "In re: Tri-Valley Corporation" (Case No. 12-12291). The Debtors have filed a motion ...

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