Oil and natural gas company Tri-Valley Corp. is asking a bankruptcy court to approve rules for an auction of its assets, which it would like to hold in the next 75 days, Dow Jones DBR Small Cap reported today. The company has not yet named a lead bidder, according to court documents filed on Monday, but said that it is nevertheless confident that it will secure the interest of several bidders before going to auction. The sale must be completed by Nov. 7 in order to stay in compliance with its bankruptcy financing agreement, Tri-Valley said.
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