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Gold/Mining/Energy : Black Sea Energy (BSX)
BSX 102.68-2.2%Nov 14 9:30 AM EST
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To: Winzer who wrote (170)8/19/1999 10:00:00 AM
From: Winzer  Read Replies (1) of 180
 
<<<<<<News Release>>>>>>>>>

Ivanhoe Energy to participate in Lucky Dog prospect

Ivanhoe Energy Inc
IE
Shares issued 89,727,767
1999-08-17 close $4.55
Wednesday Aug 18 1999
Mr. David Martin reports
Ivanhoe Energy has disclosed its 12.5-per-cent participation in the Lucky Dog
No. 1 exploration well, which is scheduled to be drilled later this year. The Lucky
Dog prospect is between South Belridge and Cal Canal oilfields in the southern
San Joaquin Valley, Calif. The southern San Joaquin Valley is one of the most
prolific oil regions in the United States.
The Lucky Dog prospect will be a deep well targeting temblor sands below
17,000 feet. The temblor formation is a widely-producing oil and gas formation in
the San Joaquin Valley and is the target formation being drilled at Berkley
Petroleum Corp.'s Bellevue well, 17 miles to the northeast and the Cal Canal well
currently being drilled two miles to the northeast of the Lucky Dog prospect.
The Lucky Dog prospect is the first in a series of wells in which Ivanhoe Energy
will participate in the San Joaquin Valley.
WARNING: The company relies upon litigation protection for "forward-looking"
statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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