IVAN - Sector: Energy---Industry: Oil & Gas Operations

[setravis]

Press Release Source: Ivanhoe Energy Inc.


Ivanhoe Energy Successfully Demonstrates Final Key Commercial Configuration of Heavy Oil Upgrading Technology
Wednesday June 6, 8:00 am ET 
High Quality "Recycle" Configuration Applicable to Bitumen from Athabasca Oilsands


BAKERSFIELD, CA, June 6 /PRNewswire-FirstCall/ - Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE) President and CEO Joe Gasca and Chief Technology Officer Dr. Robert Graham today announced the successful demonstration of the third and final processing configuration to be tested at the company's heavy oil upgrading (HTL(TM)) Commercial Demonstration Facility (CDF) in California. Completion of the successful test positions Ivanhoe Energy to proceed with the design and construction of full-scale, commercial HTL facilities.


The latest demonstration used a "Recycle" configuration, which is one of the operating modes that can be used to produce a "High Quality" upgraded product. High Quality modes typically would be applicable to bitumen production, wherein higher levels of upgrading and viscosity reduction, as well as significant by-product energy, are required. Bitumen production in the Athabasca oilsands in Western Canada is expected to be the most significant market for this mode of HTL operation.

This is the third processing configuration to be successfully demonstrated at the CDF. Ivanhoe Energy has previously announced successful demonstrations of a High Yield mode, where liquid yields are maximized, as well as a "Once Through" High Quality configuration that, similar to the Recycle High Quality configuration, emphasizes product quality and on-site energy production. The three configurations may be used independently, or in various combinations, to match processing modes to feedstock characteristics and production goals.

The most recent run used California vacuum tower bottoms (VTBs), which have an API gravity of 5.6 degrees. California VTBs are heavier than Athabasca bitumen, which typically has an API gravity of approximately 8 degrees. The properties of the upgraded oil produced in the Recycle High Quality configuration will be released as appropriate along with additional test run data. The next test run, scheduled for this quarter, will process Athabasca bitumen that has been provided by a major international integrated oil company.

"This successful demonstration of the Recycle mode complements other HTL configurations previously demonstrated in our California CDF. Ivanhoe Energy now has the full suite of tools to progress to full-scale commercial facilities in a number of markets around the world, especially where fuller upgrading and higher levels of on-site energy is required. The Athabasca oilsands represents the primary market opportunity that requires the configuration announced today," Joe Gasca said.

Dr. Robert Graham added, "This successful demonstration of the Recycle configuration fulfills the primary technical objectives that Ivanhoe Energy established for the CDF. This latest configuration provides us with significant flexibility to tailor our process to specific business opportunities. Future CDF operations will be deal-driven and will focus on the testing of heavy crudes in support of project development in Western Canada and around the world."

Ivanhoe Energy's proprietary, patented HTL(TM) heavy oil upgrading technology produces lighter, more valuable crude oil from heavy oil and bitumen at lower costs and in smaller-sized plants than conventional technologies. The process also produces by-product energy that can be used to generate steam or electricity.

Conference Call

---------------

Ivanhoe Energy will host a conference call today for investors and analysts at 4:30 p.m. EDT (1:30 p.m. PDT) to discuss its latest HTL technology developments. The conference call may be accessed by dialing toll-free 1-866-540-8136 in Canada and the United States, or toll 1-416-340-8010 in the Toronto area and internationally. A simultaneous webcast of the conference call will be provided through www.ivanhoeenergy.com and www.newswire.ca/webcast. If you are unable to participate in the call it will be archived for later playback by dialing toll 1-416-695-5800 and entering the pass code 3225431 followed by the number sign, or via www.ivanhoeenergy.com. The archived playback will be available until July 6, 2007.

Ivanhoe Energy 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 (HTLTM). Core operations are in the United States and China, with business development opportunities worldwide. Ivanhoe Energy trades on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE.

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning the potential benefits of Ivanhoe Energy's heavy oil upgrading technology, the potential for commercialization and future application of the heavy oil upgrading technology and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the HTL process to upgrade heavy oil and bitumen may not be commercially viable, market acceptance of the HTL technology may not be as anticipated, Ivanhoe Energy's lack of history in developing commercial HTL opportunities, competition and other risks disclosed in Ivanhoe Energy's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.

CONTACT: Cindy Burnett, (604) 331-9830, Website: www.ivanhoeenergy.com

--------------------------------------------------------------------------------
Source: Ivanhoe Energy Inc.

[setravis]

Press Release Source: Ivanhoe Energy Inc.


Conference Call Wednesday, June 6, to Discuss Ivanhoe Energy's Heavy Oil Upgrading Technology
Wednesday June 6, 8:15 am ET


BAKERSFIELD, CA, June 6 /PRNewswire-FirstCall/ - Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE) will host a telephone conference call for investors and analysts today at 4:30 p.m. EDT (1:30 p.m. PDT) to discuss its latest heavy oil upgrading technology (HTLTM) developments.


Participating in the call will be Ivanhoe Energy President and Chief Executive Officer Joe Gasca, Chief Technology Officer and HTL co-inventor Dr. Robert Graham and Vice President of Technology Dr. Michael Silverman.

The conference call may be accessed by dialing toll-free 1-866-540-8136 in Canada and the United States, or toll 1-416-340-8010 in the Toronto area and internationally. A simultaneous webcast of the conference call will be provided through www.ivanhoeenergy.com and www.newswire.ca/webcast. The conference call will be archived for later playback and may be accessed by dialing toll 1-416-695-5800 and entering the pass code 3225431 followed by the number sign, or via www.ivanhoeenergy.com. The archived playback will be available until July 6, 2007.

Ivanhoe Energy 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 (HTLTM). Core operations are in the United States and China, with business development opportunities worldwide. Ivanhoe Energy trades on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE.

CONTACT: Cindy Burnett, (604) 331-9830, Website: www.ivanhoeenergy.com

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Source: Ivanhoe Energy Inc.

[Ares]

Hi Setravis,


You beat me posting IVAN being active in the premarket by a few seconds.
I have this and DNDN on my watchlist today.
Makes me wish I bought that at 1.73. Still hesitant to hold overnight.
Will be watching market direction today.
Happy trading.

Ares

[setravis]

Pre-Market movement.......
+10.67%.......Volume @.......44,030

[Ares]

Will it go past 2.28 today?
That is up to the market.

[Ares]

Fibonacci numbers are all over the place.
It depends what points  the trader uses.

Here's a projection that uses 2.10 as high and 1.75 as low.

The 1.27 retracement is 1.655 which is closer to the previous daily significant swing low at 1.65.

[Ares]

Using the 52 week high and low, this is what I came up with:

1.74 is a 0.618 retracement.

[Ares]

Recently touched the 1.62% retracement of the 15 minute opening range at 1.86.

[Ares]

Currently, the 5 minute chart is showing price above the 8ma with a positive MACD near zero.
1 minute stochastics is still overbought.
I wonder where price will be when the 1 minute stochastics become oversold with time and sales printing a lot of green.

If the 1.86 support doesn't hold where would the next buy target be?

Assuming that the support and resistance level is a given, the next step would depend on the trader's emotion for the battle of fear and greed.

Here are potential Intraday support and resistance levels if the 1.86 support is broken.

[Livana]

IVAN is having a good month... In since March 11 @ 1.60

[la-onda]

IVAN: Reaches New 52 Week High on Higher Crude Prices
Tuesday , May 20, 2008 17:59ET

Tuesday's session saw oil reach another new high as the futures for June delivery hit $129.31. July crude was up to $128.78 while July Brent was up to $127.33. Causing some of the price spike was Boone Pickens prediction that oil will continue to rise, possibly to highs of $150 a barrel this year.

Pickens noted that the elevated oil prices were being driven by depletion in supplies around the world and not being driven by speculators as many have maintained. With expiration on Tuesday and the price hitting another high, his claims could very well be substantiated.

With Goldman's claim of $140 plus and Pickens' prognostication of $150 by the end of the year, the investor may be getting a bargain with oil at $129. With that type of price, many small cap oil names were again, coming into play. Ivanhoe Energy (IVAN) was one of those names.

The Company 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(TM)).

Last week, the Company reported earnings of a loss of 3c per share versus a loss of 3c on revenue of $11.2 million in the first quarter against, $9.26 million in the comparable quarter.

The Company first made headlines in January of 2006 when they announced the development of technology to reduce the viscosity and, in turn, reduce the price of harvesting heavy crude from the ground. In a press release on January 17th, the company reported the achievement of performance goals in a commercial test of their "revolutionary" process of turning heavy crude to light crude.

To get an idea of the history, the company stated that the process wasn't in fact proprietary, but was an adaptation to existing technology that their acquired company, Ensyn Group, started studying back in the 80's and patented. The patents are now solely owned by IVAN.

Since mid February, shares have rallied from lows below $1.40 to highs of $2.50 on Tuesday before closing at $2.41, up over 6% on the day. With the price of oil continuing to rise, the payoff for refining the heavy crude to light will grow.

[setravis]

Ready to take a long term run...
The run that started in 2007 sputtered, this time it will not!
Looking over the past 5 yrs, this company had an incredible initial stock price rise as a whole bunch of buyers were pretty excited about the prospects of this company. Then after the long retreat, I think people just lost interest and now it really seems to me that Ivanhoe's business is getting a stronger foothold in the industry, and it truly seems that the original reasons for investor interest are starting to bear fruit.



52wk Range: 1.21 - 2.57
Volume: 5,652,335
Avg Vol (3m): 1,084,280

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
21.60%above 13-day MA
34.06%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $553.41 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

Below are the 6 month, 1 year and 3 year charts.......

[setravis]

Shares of Ivanhoe Energy have been in an uptrend ever since the stock tested its 200-day moving average for support in late April. Since then the stock has run up from the $1.80 level to more than $3 in the first few days of June.
A series of sharp selling days in early June, however, helped anticipate the stock's current pullback - as did the rash of low Short Term PowerRatings that accompanied the stock for most of the first week of June.

Point and Figure,
Double Top breakout on 27 May 08. Price Target is $6.00 

52wk Range: 1.21 - 3.44
Volume: 9,175,842
Avg Vol (3m): 2,190,900

Technicals
Most Actives
MACD - Bullish
Percentage Gainer

Last Price Quote is:
28.68%above 13-day MA
52.30%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $715.03 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

[setravis]

Back in the grove.......Momentum !

52wk Range: 0.30 - 3.99
Volume: 2,711,476
Avg Vol (3m): 612,398

Technicals
Last Price Quote is:
46.65%above 13-day MA
59.43%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $237.47 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

[setravis]

Back in the grove.......Momentum !

Ivanhoe Energy Announces Testing of Xu-5 Formation at Zitong-1 Well in China to Commence

Press Release Source: Ivanhoe Energy Inc. On Friday February 11, 2011, 12:46 pm EST

CALGARY, Feb. 11 /PRNewswire/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX:IE.to - News) and Gerald Moench, President of Sunwing Energy Ltd., announced today that following the Chinese New Year holiday, Sunwing Energy has resumed site operations at its Zitong-1 well and is preparing to perforate and test the Xu-5 Formation. Test results are expected before the end of February.


Sunwing is the operator of the 659,840-acre (1,031 square miles) Zitong exploration block in Sichuan, and holds a 90% interest in a Petroleum Contract with PetroChina Company Limited. Mitsubishi Gas Chemical Company of Japan holds the remaining 10% interest.


Ivanhoe Energy Inc. 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, patented heavy to light upgrading process (HTL™). Core operations are in Canada, Ecuador, China and Mongolia, with business development opportunities worldwide. Ivanhoe's shares trade on the NASDAQ Capital Market with the ticker symbol IVAN and on the Toronto Stock Exchange under the symbol IE.


For more information about Ivanhoe Energy Inc. please visit our web site at www.ivanhoeenergy.com.


FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning the estimated quantities of gas in each target in the Guan structure, the anticipated amount of time required for, and the estimated cost of, drilling, testing and casing the Yixin-2 and Zitong-1 wells and other statements which are not historical facts.  When used in this document, the words such as "could", "plan", "estimate", "anticipate", "intend", "may", "potential", "should", and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy and Sunwing Energy believe that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.  Important factors that could cause actual results to differ from these forward-looking statements include the possibility that the company will be unable to raise financing, the potential that the company's projects will experience technological and mechanical problems, geological conditions in reservoirs may not result in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about the estimates of the reserves, the risk associates with doing business in foreign countries, environmental risks, changes in product prices, our availability to generate cash flow and raise capital as and when required, competition and other risks disclosed in Ivanhoe Energy's Annual Report on Form 10-K files with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.


Day's Range: 3.37 - 3.59
52wk Range: 1.46 - 3.89
Volume: 1,740,415
Avg Vol (3m): 1,682,380
Market Cap: 1.19B
P/E (ttm): N/A
EPS (ttm): -0.10
Div & Yield: N/A (N/A)

Technicals
Last Price Quote is:
4.97%above 13-day EMA
13.81%above 50-day EMA
RS Rating: 94