Tri-Valley funded to begin deep test well near BakersfieldFewer than 70 wells of 100,000 in Kern County drilled deeper than 15,000 feet; Ekho No. 1 slated to hit 19,000 feet; target is 4 billion barrels of 42 degree gravity oil Petroleum News Alaska Staff
Tri-Valley Oil & Gas Co. confirmed Sept. 17 the receipt of complete funding from 10 Canadian resources companies on their portions of the initial test well in Project Ekho.
F. Lynn Blystone, chief executive officer of Tri-Valley, said that the first well, estimated to cost $9.5 million, is planned....
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