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Na das hat ja wie eine Bombe eingeschlagen ! - 40 % auf 0,40 US Dollar May 28, 2003 IVANHOE ENERGY & QATAR PETROLEUM TERMINATE GTL NEGOTIATIONS VANCOUVER - Ivanhoe Energy (TSX-IE; NASDAQ-IVAN) today announced that discussions have been terminated between Qatar Petroleum (QP) and the Company in the negotiation of an agreement to develop a block in Qatar`s North Field to produce natural gas liquids and gas to liquids (GTL) products. "We are very disappointed that negotiations have not been successful, particularly with the amount of time and money invested in bringing the project this far along," said E. Leon Daniel, President & CEO of Ivanhoe Energy. "GTL has been one of our major strategies and we have been looking at a number of countries with plants of various sizes. "Ivanhoe plans to undertake a strategic review of GTL and its other core businesses in the light of currently strong natural gas markets. This will include reassessment of priorities of our GTL plans relative to our California, Texas, China and other oil and gas exploration and production and enhanced oil recovery developments. However, we have every reason to believe that our long-term GTL strategy will prove to be sound." Ivanhoe Energy`s mission is to create value for its shareholders and host countries, initially by focusing on: (1) production of cleaner burning fuels from natural gas, using proven gas-to-liquids (GTL) technology; (2) conventional exploration and production (E&P), primarily natural gas in the U.S.; and (3) enhanced oil recovery (EOR) and natural gas projects, on a production-sharing basis with national petroleum companies. Ivanhoe Energy trades on the NASDAQ SmallCap market with the ticker symbol IVAN and on the Toronto Stock Exchange with the symbol IE. |
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| aus der Diskussion: | Ivanhoe Energy |
| Autor (Datum des Eintrages): | JosedelaVega (29.05.03 09:11:58) |
| Beitrag: | 28 von 117 (ID:9593225) |
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