Ivanhoe Energy wieder interessant >IRAK< - 500 Beiträge pro Seite

[SoWhat]

Guten Tag,

verfolge den Stock schon seit Jahren, habe sehr gutes Geld damit verdient und trade ihn hin und wieder.

Gestern kam nachbörslich folgende News:

Canada`s Ivanhoe bidding for Iraqi oil projects
Fri Jan 7, 2005 05:34 PM ET
By Jeffrey Jones
CALGARY, Alberta, Jan 7 (Reuters) - Canada`s Ivanhoe Energy Inc. (IE.TO: Quote, Profile, Research) is bidding to develop three Iraqi oil and gas projects, including one that appeared briefly to have been awarded to another company two weeks ago, Ivanhoe`s chief executive said on Friday.

Ivanhoe, a Vancouver-based company backed by financier Robert Friedland, is in the running for the Himrin oil field in central Iraq as well as the Suba-Luhais oil field and Zubair gas project in the south, CEO Leon Daniel told Reuters.

"We submitted our first bid back in the early summer on all three of these," Daniel said from the company`s Bakersfield, California, office.

Since then, Ivanhoe has submitted clarifications and revised bids to the oil ministry in the war-torn country, where output capacity has been crippled for several years, he said.

Daniel said he could not confirm reports that the contracts could be awarded shortly, and that there has been speculation that deals will not be announced until after the Jan. 30 election.

In late December, another Canadian-based company, privately held OGI Group, appeared to have been awarded the Himrin contract, but days later it was left empty-handed when the oil ministry suddenly called for new bids.

"We`ve never been told that anyone won any of the contracts, so I`m surprised that this OGI thought they won anything," Daniel said.

"The Iraqis have continued to proceed on the basis that it was a competitive bid and we don`t know exactly who all the competitors were."

Petrel Resources Plc (PET.L: Quote, Profile, Research) of Ireland is also hoping to win the Himrin development, having announced its intentions last year. That field may eventually pump 80,000-100,000 barrels a day, industry sources have said.

The U.S.-backed government awarded another project, the Khurmala-Dome oil field, on Dec. 29 to a consortium that includes Iraqi-based Kar and Avrasya of Turkey. That field is said to have the potential to produce 100,000 bpd.

The Khurmala-Dome award represented the country`s first oil development deal with foreign company in the postwar era.

Ivanhoe has oil exploration and production projects in China, California and West Texas. It is also searching for places to apply heavy-to-light oil processing technology.

The company was co-founded by Friedland, who is also chairman of Ivanhoe Mines (IVN.TO: Quote, Profile, Research) , best known for its large copper and gold discovery in Mongolia.

In Iraq, Ivanhoe Energy is bidding for contracts that include engineering, procurement, equipment delivery to an Iraqi port and construction supervision, Daniel said.

"It`s not production sharing or anything such thing as that. We do the work and they pay us for it," he said.

Ivanhoe shares rose 4 Canadian cents to C$2.85 on the Toronto Stock Exchange on Friday.

($1=$1.23 Canadian)



Ich bin wieder dabei. Wird auch in Deutschalnd gehandelt.

Good luck

sowhat

[THEJACK]

Hi,
bin seit einem Jahr investiert, seit dem ging´s ca. 30% runter. Ich frage mich wirklich wo der Kurs in den nächsten Wochen wohl hingehen wird !?

Cheers.

[Kanzler-neu]

Ivanhoe Energy Reports 150% Increase in 2004 Production
Ivanhoe Energy 1/18/2005

Ivanhoe Energy Inc. provided an update of the company`s 2004 activities.

"We made considerable progress this past year in laying the foundation for the future growth of our company," said Leon Daniel, Ivanhoe Energy`s President and CEO. "Our most significant activities were related to our agreement to acquire Ensyn Group Inc. (Ensyn Group) and its proprietary Rapid Thermal Processing (RTP(TM)) heavy oil upgrading technology. We also advanced our work related to the application of this technology."

"We increased production to approximately 2,200 barrels of oil equivalent per day (Boe/d) at the end of 2004, an increase of 150% over the production level at the end of 2003. We also continued to advance discussions for the implementation of gas-to-liquids technology and started work on technologies to convert coal into transportation fuels," continued Mr. Daniel.

Heavy-to-Light Oil Activities

In December, we entered into an agreement to acquire Ensyn Group and its advanced upgrading technology for the development of heavy oil around the world. We also announced the start-up of Ensyn`s 1,000-barrel-per-day heavy-to-light oil commercial demonstration facility in California.

Commercial demonstration facility operations - The commercial demonstration facility, located near Bakersfield, California, is processing crude oil from Aera Energy LLC`s (Aera) Belridge heavy oil field. The facility also plans to process crudes, on a test basis, from other operators in California and throughout the world. As part of our acquisition of Ensyn Group, the commercial demonstration facility must satisfy performance criteria set out in the acquisition agreement. An independent third party will oversee test runs and conduct the analysis related to these criteria. The testing is expected to take place in the next 60 days.

Technology implementation - In 2004, we announced two memorandums of understanding (MOUs) to study the potential application of Ensyn`s technology to heavy-oil fields in Iraq and Colombia. These studies are ongoing.

In addition, we will pursue initiatives that Ensyn has developed, including a non-binding MOU with Aera to advance negotiations for a 10,000- barrel-per-day RTP(TM) plant in California. Aera is a California limited liability company owned by affiliates of Shell and ExxonMobil.

Gas-to-Liquids and Coal-to-Liquids Activities

In 2004, we continued to advance discussions for the implementation of gas-to-liquids projects and are in preliminary discussions with several countries. We also are evaluating the potential to use new technologies to convert coal into a gas that the Syntroleum gas-to-liquids (GTL) process in turn can convert into clean-burning transportation fuels. Countries such as China and Mongolia are particularly suited to coal-to-liquids (CTL) processing because of their large supplies of coal.

Exploration and Production

We drilled 48 wells in 2004, increasing production to approximately 2,200 net Boe/d by year end, an increase of approximately 150% over 2003 year-end levels. After a technical review of our California properties, we scaled back our planned 2004 drilling program, deferring some of this drilling to 2005. In addition, our production in China was lower than anticipated. As a result, our year-end production was approximately 10% lower than targeted.

China

Dagang - In early 2004, we commenced oil production from the development phase of our Dagang oil field southeast of Beijing. In June, Richfirst Holdings Limited, a subsidiary of China International Trust & Investment Corporation (CITIC), became a 40% joint venture partner in this project. Our comparable production figures and targets have been restated to reflect the farm-out. The project currently has 22 producing oil wells and total gross production of 1,655 Boe/d. The 2004 year-end production rate is behind our original projection for the year. Excessive wet weather conditions in the fall delayed drilling and completion activities and production was lower than targeted. We continue to have three drilling rigs in operation at the Dagang project.

Zitong - In the Zitong block, in the Sichuan Basin, we completed the majority of our 1,100-kilometre seismic acquisition program. After analysis of the data, an initial drill site was chosen and drilling of the first exploration well is expected to commence in first quarter of 2005. Seismic work is continuing and a second well is planned for later in the year.

United States

California and Texas - We improved the potential of our California properties by increasing our 50% interest in the Knights Landing natural gas project in the Sacramento Basin to between 80% and 100%, and selling our interest in the Sledge Hamar prospect. The realignment of our California assets fits with our short-term goal of focusing on exploration and development projects that can achieve early production and cash flow.

By year-end 2004, we had established approximately 1,100 Boe/d of production from the South Midway, Citrus (Lost Hills) and Knights Landing fields in California and the Spraberry field in Texas. Our interests range from 80% to 100% in the California oil and gas properties and from 30% to 40% in Texas.

Wyoming - Ivanhoe Energy is the operator of a thermal recovery/horizontal well oil project at LAK Ranch in Weston County, Wyoming. We are conducting pilot tests to determine the potential of this project. Two cyclic steam stimulation treatments were performed during 2004. The well is currently producing small amounts of oil and may be stimulated with an additional steam cycle the first quarter of 2005, pending results of seismic interpretation and recent drilling data. A 3D seismic survey was completed in December 2004 that will be used to define the development plan. Evaluation results are expected during the second quarter of 2005.

[THEJACK]

Hi Kanzler,
nice to meet you again.
Hab die Meldung gestern auch gefunden. Kurs hat sich etwas bewegt. Bin aber immer noch im Minus.

Cheers !

[m.a.x.]

Die Meldung ist ja nicht unbedingt das was man das gelbe vom Ei nennt.
Bei Ivanhoe wird es darum gehen, was aus dem Gasfeld in China zu holen ist. Für alle anderen Aktivitäten ist der Wert schon gut bezahlt. Irak und andere Themen liegen zu weit in der Zukunft. Gehe davon aus, daß hier noch bis zu 30% Abschlag kommen werden, wenn es keine pos. Nachrichten gibt. 2.200 Barrel/d Öl ist zwar was, für eine MK von ca. 400 Mio $ aber bei weiten zu wenig gerade vor dem Hintergrund nur geringer Steigerungsraten.
Mit den aktuellen Projekten können die doch ende 2005 max. 5.000 Barrel/d aus den verschiedenen Projekten rausholen.
Schätze mal, wenn der Startschuß für die Gaswell in China gegeben wird, geht es mal wieder etwas nach oben, bei Beginn der 2. und pos. Nachrichten wird man auch wieder andere Kursregionen sehen.