Ivanhoe Energy (IVAN +6%) says it received Chinese government approval to transfer its interest...

|About: Ivanhoe Energy, Inc. (IVAN)|By:, SA News Editor

Ivanhoe Energy (IVAN +6%) says it received Chinese government approval to transfer its interest in the Zitong Block, Sichuan Basin, to Shell China Exploration and Production. IVAN says the approval sets the stage for it to increase its pre-tax working capital by $105M.