Ecuador Block 20 estimated 6 Billion Barrels oil in place
The market today was buzzing about IE & IVAN shares snapping them up fast. The stock price on the Toronto exchange rose to 3.40 + 1.80 +106% at 1:45 pm
Nasdaq share IVAN also dramatically rose with volume reaching 12.7 million changing hands.
After hours at time of writing 5:22 pm the price on Nasdaq is down .04 cents to 2.25 usd per share.
The company Executive Chairman report in May of 2014 spells out how much oil is at stake on the Equador Block 20 At time of that writing the block holds an estimated recoverable 6 billion barrels of oil.
Always nice to review news reports see if anything was missed that could of spurred this great run Ivanhoe Energy is having in the market.
Report link of May 2014 from Ivanhoe Energy Executive Chairman Carlos Cabrera
https://www.ivanhoeenergy.com/en/ivanhoe_energy_executive_chairman_update_may_2014.pdf