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Ivanhoe Energy, Inc. (IVAN)

- NASDAQ
  • Nov. 21, 2012, 12:01 PM
    Ivanhoe Energy (IVAN -1%) gives back early morning gains after announcing the sale of its wholly owned subsidiary, Pan-China Resources, to MIE Holdings for $45M in cash. Pan-China Resources holds 100% of the foreign contractor's rights for the Dagang Production Sharing Contract. The deal is expected to close in the next 30 days, and has an effective date of September 30.
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Company Description
Ivanhoe Energy, Inc., is an international heavy oil development and production company. It is focused on pursuing long term growth in its reserve base and production using advanced technologies, including its HTL Technology.