DALLAS, Dec. 22, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Ivanhoe Energy Inc. (Nasdaq:IVAN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Ivanhoe Energy Inc. (IVAN) is an independent, international heavy-oil development and production company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy-oil upgrading process (HTL). The Company's core operations are in Canada, Ecuador, China and Mongolia, with business development opportunities worldwide. The Company's two initial HTL heavy-oil projects are Tamarack in Canada and Pungarayacu in Ecuador. Additional heavy-oil projects around the world are being pursued based on the application of IVAN's proprietary HTL process.
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In the report, the analyst notes:
"IVAN's heavy-oil competitive advantage includes the application of its proprietary HTL heavy-oil upgrading process, as well as other state-of-the-art heavy-oil extraction techniques. The Company's management team has decades of experience in the negotiation, development and production of heavy-oil and other oil and gas operations...
"IVAN shares soared yesterday after the Company announced a significant natural gas discovery at Sunwing's Yixin-2 well in Southwest China. "'Gas from the well flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10 million cubic feet per day during the initial 24-hour test period,' the Company said in a statement."
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