C M Nagel is a Germany-based private holding company with various investments mainly in the oil sector. Mr Nagel, has served as board member of five Canadian oil and gas companies, Pan Continental Oil, Inverness Petroleum, Newport Petroleum Corporation, Sentra Resources Corporation and Blue Mountain Energy.
Lynn Blystone, chairman, president and CEO of Tri-Valley Corporation, said: Mr Nagel has visited the oil projects of Tri-Valley and attended our recent shareholder meeting as well as sending some of his technical representatives for additional due diligence. We look forward to our first meeting of the Tri-Valley Corporation executive advisory council shortly to discuss several opportunities to continue to build share value.