IVAN - Ivanhoe Energy, Inc. (NASDAQ Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

Spartan · #1 08-21-2008, 03:54 PM

TA: recently broke out of a channel. Today could form a doji above moving averages.

Keep an eye on this one. It's in the right sector...

Ivanhoe Energy Inc. is an independent international heavy oil development and production company. The Company is exploring an opportunity to monetize stranded gas reserves through the application of the conversion of natural gas-to-liquids using a technology (GTL Technology or GTL) licensed from Syntroleum Corporation. Its core operations are in the United States and China. Ivanhoe Energy’s heavy oil upgrading technology upgrades heavy oil and bitumen by producing crude oil, along with by-product energy, which can be used to generate steam or electricity. The Company’s principal oil and gas properties are located in California’s San Joaquin Basin and Sacramento Gas Basin, the Permian Basin in Texas and the Hebei and Sichuan Provinces in China.

**BadThad** · #2 08-22-2008, 10:20 AM

Nice looking mid-cap.

IVAN - Ivanhoe Energy Inc. (USA) - Google Finance

**greencat** · #3 03-16-2009, 08:26 PM

IVAN looks like its getting ready to make a move. Adding it to my watchlist. Its in a triangle pattern and may breakout.

Ivanhoe Energy 2008 fourth-quarter results and update on operations
Monday March 16, 2009, 6:30 am EDT

VANCOUVER, March 16 /PRNewswire-FirstCall/ - Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE) announces summary financial results for the fourth quarter of 2008 and will file its Annual Report on Form 10-K for the year ended December 31, 2008 later today.

Highlights

- Revenues in 2008 of $69.2 million were up over 100% from 2007, and
cash flow from operations in 2008 of $17.1 million increased over
200% from 2007 levels.

- Net operating revenue per barrel of oil equivalent (BOE) increased in
2008 to $57.38 compared with $38.56 for 2007.

- A CAN$88 million financing was successfully closed in mid 2008 to
support the acquisition of heavy oil assets from Talisman Energy
Canada and for working capital purposes.

- Cash and cash equivalents at year end 2008 were $39.3 million,
compared with $11.4 million at year end 2007.

- Revenue for the fourth quarter 2008 was $25.1 million compared to
$35.6 million in the third quarter of 2008 as a result of lower
average lower oil prices.

- Cash flow for the fourth quarter of 2008 increased to $9.6 million
from $1.7 million for the 2008 third quarter, driven primarily by a
realization of third quarter-end accounts receivable.

- In 2008 the Company significantly defined its mission as a heavy oil
development company with the acquisition of a high quality heavy oil
block in the Athabasca region of Western Canada from Talisman Energy
Canada ("Tamarack Project"), and with the signing of a contract with
Ecuador's state oil companies regarding the development of a very
large heavy oil block in Ecuador ("Pungarayacu Project").

- Detailed discussions are ongoing with numerous potential strategic
partners related to the development of Tamarack and Pungarayacu, and
other possible significant HTL projects that may emerge.

- Late stage discussions are under way with multiple international
groups currently operating in China who have expressed significant

fz4fun · #4 09-16-2009, 04:49 PM

BIG move post market right now-Jumped in at 2.95 -closed @ 2.17 and spiked as high as 3.32 so far:

Ivanhoe Energy review confirms "world-scale status" of Ivanhoe Energy Ecuador's Pungarayacu heavy-oil field in Ecuador 4:27 PM ET 9/16/09 | Briefing.com
Co announces that a new, independent review of earlier drilling has confirmed the world-scale status of Ivanhoe Energy Ecuador's Pungarayacu heavy-oil field in Ecuador. Ivanhoe Energy Ecuador signed a contract in October 2008 with Ecuador state oil companies Petroecuador and Petroproduccion to explore and develop the Pungarayacu field, utilizing Ivanhoe's proprietary Heavy-to-Light (HTL) heavy-oil upgrading technology. It concludes that the Pungarayacu Project contains a Best Estimate of 6.4 billion barrels of original oil-in-place. Based on a review of data from 27 wells drilled during the early 1980s by Petroproduccion, the report submitted by GCA contains a range of estimates from a low of 4.3 billion barrels to a high of 12.1 billion barrels of original oil-in-place.

fz4fun · #5 09-16-2009, 05:00 PM

Another link for a little more info on the press conference today.

World-scale status of Ivanhoe Energy's Pungarayacu heavy-oil field in Ecuador confirmed by new independent review - Yahoo! Finance

**BadThad** · #6 09-17-2009, 08:17 AM

Thanks for the info FZ...this might be a runner today!

thegreatgate · #7 09-17-2009, 08:39 AM

Thanks FZ!!!!!!!! In @ $2.72......Gonna be at school this morning so I set a sell @ $3.08 just in case...

Very nice find....

**greencat** · #8 09-17-2009, 08:44 AM

Ivanhoe Energy Touts Oil Upgrade Tech Improvement; Shrs JumpLast update: 9/17/2009 7:38:10 AM(This article was originally published Wednesday.)

By Edward Welsch
Of DOW JONES NEWSWIRES
OTTAWA (Dow Jones)--Ivanhoe Energy Inc. (IVAN) said Wednesday that an improvement in its proprietary heavy crude oil upgrading technology will make it more cost-efficient and scalable. Calling the improvement a "major technical breakthrough," Ivanhoe Chief Technology Officer Michael Silverman said during a conference call with investors after the market close that there would be less need to process heavy crude through Ivanhoe's unique heated-sand refinery reactors more than once, improving both the cost and potential scale of the technology. "It means we can build larger," Silverman said. "Before, if we were limited at a particular project to 20,000 barrels ... we can now get another 40% to 50% in capacity." Ivanhoe announced the improvements earlier Wednesday, and shares closed up 11% at $2.17 on the Nasdaq. In after-hours trading, shares jumped an additional 29% to $2.79. In a separate announcement after the market close, Ivanhoe said an independent review confirmed a best estimate of 6.4 billion barrels of oil in place in Ivanhoe's Pungarayacu oil field, located near the Ecuadorian capital of Quito. Ivanhoe intends to start drilling in its Pungarayacu field in two months, and to start oil production in early 2010. Ivanhoe is small player focused on its patents and technological expertise, and is seeking a strategic partnership with a large, deep-pocketed developer to fund the exploitation of the Pungarayacu field and its Tamarack field in Canada's Athabasca oil sands, which Ivanhoe expects to start drilling this winter and to start producing by 2014. Ivanhoe Chief Executive Robert Friedland said during the call that Ivanhoe is engaged in ongoing discussions with several large public and private oil companies, and that its recent technical improvements could make the company more attractive to potential partners. Rather than using more expensive catalysts to break down heavy oil, Ivanhoe's Heavy-to-Light technology combines heated sand with heavy oil or oil sands in a closed loop, separating it into lighter, more valuable products that can flow more easily through pipelines. It also produces enough energy from burning the byproducts of the separation process to fuel both the reactor and the drilling process, Silverman said. The HTL process recovers about 82% of a barrel of heavy crude into a salable product, he said. The recent improvements reduce the amount of heavy oil residue remaining after a single cycle of oil through the HTL process to less than 7% from 40%, Silverman said, reducing the need to rerun the oil through the process and reducing the overall size and cost of HTL facilities. Ivanhoe executives said they would be able to provide more details about the new technology in coming months after the patenting process is complete. -By Edward Welsch, Dow Jones Newswires; 613-237-0669; edward.welsch@dowjones.com

**BadThad** · #9 09-17-2009, 10:15 AM

I'm in at 2.67, some profit taking this morning pushed it down to 2.60. We'll have to wait it out.

**greencat** · #10 09-17-2009, 11:44 AM

Nice move this morning. Wish I would of saved some free sharees to ride but didn't. I may make another entry later today

Chart IVAN