china gashttps://www.ivanhoeenergy.com/s/NewsReleases.asp?ReportID=442126&_Type=News-Releases&_Title=Ivanhoe-Energy-Announces-Testing-of-Xu-5-Formation-at-Zitong-1-Well-in-Chin...
Ivanhoe Energy Announces Testing of Xu-5 Formation
at Zitong-1 Well in China to Commence
CALGARY, ALBERTA (February 11, 2011) – David Dyck, President and Chief Operating Officer of
Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) and Gerald Moench, President of Sunwing Energy
Ltd., announced today that following the Chinese New Year holiday, Sunwing Energy has resumed
site operations at its Zitong-1 well and is preparing to perforate and test the Xu-5 Formation. Test
results are expected before the end of February.
Sunwing is the operator of the 659,840-acre (1,031 square miles) Zitong exploration block in Sichuan,
and holds a 90% interest in a Petroleum Contract with PetroChina Company Limited. Mitsubishi Gas
Chemical Company of Japan holds the remaining 10% interest.
We look forward to production and cash flow in 2011 and further development activity in this area in
the very near future,” added Mr. Dyck.
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Ivanhoe Energy Announces Testing of Xu-5 Formation
at Zitong-1 Well in China to Commence
CALGARY, ALBERTA (February 11, 2011)