[DESCRIPTION] FORM NT 10-QSB
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-QSB
For the annual period ended March 31, 1998
Commission File No. 000-06119
PART I REGISTRANT INFORMATION
Full Name of Registrant: TRI VALLEY CORPORATION
Address of Principal Executive Office (Street and Number)
230 South Montclair Street, Suite 101
Bakersfield, CA 93309
PART II RULES 12b-25(b) AND (c)
(a) The reasons described in reasonable in detail in part III of
this form could not be eliminated without unreasonable effort or
expense.
(b) The subject Report on Form 10-KSB will be filed on or before
the fifteenth calendar day following the prescribed due date.
PART III NARRATIVE
As of May 15, 1998, the annual report is not yet complete because
the Company's board of directors have not yet completed their
review of the report and accompanying financial statements. The
Company cannot complete its quarterly report for the first
quarter of 1998 until the 1997 annual report is complete. The
Company expects to have both reports completed before May 30,
1998.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this information:
Lee Polson 512-474-8881
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(2) Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report(s) been filed?
If the answer is no, identify report(s).
[ ] YES [X] NO
The Company has not yet filed its 10-KSB Report for the year
ended December 31, 1997.
(3) Is it anticipated that any significant change in results of
operation from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in
the subject report or portion thereof?
[X] YES [ ] NO
STATEMENT OF ANTICIPATED CHANGE IN RESULTS OF OPERATIONS
The Company expects to report a net operating loss for the year
ended December 31, 1997. The Company has not yet quantified the
operating loss but expects that the loss will be significantly
greater than for the comparable period in 1996, before taking
into account any adjustments which may be required by changes in
reserve valuations. The Company now expects to write off as
expenses for its previously capitalized exploration costs for its
Richardson, Alaska mining claims.
SIGNATURES
Tri Valley Corporation, has caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
DATE: MAY 18, 1997
TRI VALLEY CORPORATION
/s/F. LYNN BLYSTONE
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F. LYNN BLYSTONE, PRESIDENT AND CEO
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