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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-KSB
For the annual period ended December 31, 1997
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
The annual report on Form 10-KSB for Tri Valley Corporation, (the
Company) for the year ended December 31, 1997, is due to be filed
on March 31, 1998. As of March 31, 1998, the annual report is
not yet complete because the Company is awaiting completion of
its accountants' report on the Company's financial statements for
the 1997 fiscal year. The Company's accountants are seeking
additional information on the Company's reserve estimates
concerning the Company's Richardson, Alaska gold property before
completing their report.
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).
[X] YES [ ] NO
(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 is reviewing its reserve
estimates to determine whether any write-offs or other changes in
reserves may be required.
SIGNATURES
Tri Valley Corporation, has caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
DATE: MARCH 31, 1997
TRI VALLEY CORPORATION
/s/F. LYNN BLYSTONE
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F. LYNN BLYSTONE, PRESIDENT AND CEO
EXHIBITS
99.1 Letter from independent accountants re completion of
financial statements (filed herewith)
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Brown, Armstrong, Randall & Reyes
Certified Public Accountants
March 30, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Our client,Tri-Valley Corporation, is seeking a two week filing
extension for their 1997 Form 10KSB, under Rule 12b-25. We are
unable to furnish our auditor's opinion until we can complete our
audit procedures regarding reserves, whose reports are currently
incomplete.
Very truly yours,
BROWN ARMSTRONG RANDALL & REYES
ACCOUNTANCY CORPORATION
/s/ Burton H. Armstrong
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By: Burton H. Armstrong
