StockPreacher Issues Oil & Gas Stock Alert for Ivanhoe Energy Inc.


DALLAS, Feb. 3, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Ivanhoe Energy Inc. (Nasdaq:IVAN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. 

The full report is available at: http://www.stockpreacher.com/n/IVAN

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Ivanhoe Energy Inc. (IVAN) is an independent international heavy oil development and production company. During the year ended December 31, 2008, the Company acquired two leases located in the Athabasca oil sands region in Alberta, Canada. Its core operations are in the Canada, United States and China. The Company operates in four reportable business segments: Oil and Gas - Integrated, Oil and Gas - Conventional, Business and Technology Development, and Corporate. In July 2009, the Company sold its United States oil and gas operations to Seneca South Midway LLC, a subsidiary of Seneca Resources Corporation. 

Message Board Search for IVAN: http://www.boardcentral.com/boards/IVAN

In the report, the analyst notes:

“Oil revenue in the third quarter of 2009 increased 32% compared with the previous quarter, reflecting higher benchmark crude prices. Cash flow used in operating activities was $1.2 million during the third quarter, compared with $2.9 million in the previous quarter, and capital investments for the quarter decreased to $5.8 million compared with $6.7 million in the second quarter of 2009.

IVAN recently announced that its first appraisal well (IP-15) in the Pungarayacu field in Ecuador has reached total depth with extensive oil shows in both the Napo and Hollin formations. The initial results from this well are highly significant and, as a result, IVAN will be deferring releasing any information until independent laboratory analysis is received. The cores have arrived at Core Labs in Bogota, Colombia for testing and analysis and results are expected shortly.”

To read the entire report visit: http://www.stockpreacher.com/n/IVAN

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