Here is some information to get you in the park on the other side of IVN, Ivanhoe Energy, IVAN complied by a friend-
Some key points on Ivanhoe Energy:
Berry Petroleum, bry, is in Bakersfield California, Kern County, and A major USA oil production area.
It trades at $80 share.... much of it based from productive extraction of OIL in Kern County from an AREA with estimated reserve of 100 million Barrels.
Berry has: 126 million barrels of proved oil reserve
"As of December 31, 2005, its estimated proved reserves were 126 million barrels of oil equivalent. The company markets its crude oil to independent marketers and oil refining companies. Berry Petroleum was founded in 1909 and is headquartered in Bakersfield, California. "
Ivanhoe Energy is in the potential midst of a 100 million barrel well—
Yowlumme in Kern County.
Ivanhoe owns 56%... Salinas owns 25%.
Here is Salinis recent action due to leaks from Aussies on the spot,
oil field Mates to their Mates
back in the homeland...
ASX exchange.
markets.smh.com.au
markets.smh.com.au
asx.com.au CLICK PDF for 13/04/2006 April 04,2006
Note the potential from the ONE well area is 100 million barrels
If this well hits a gusher what is the potential for IVANHOE stock price being that Berry Petroleum’s stock is at $80 with a reserve of 126 million barrels?
Why are the Aussies so excited?
Remember they are the ones doing the drilling- on Ivanhoe energy property.
Ivanhoe Bakersfield HQ is only .25 miles from Berry Petroleum Bakersfield HQ.
David Martin President of Ivanhoe Energy, was a Co-founder of Oxy Petroleum.
If the Yowlumme well hits.... David Martin has every intention to capitalize on it like Berry did on its 126 million reserves.
But... Never lose sight of the ACE in the HOLE...Ensyn RTP process below.
And the fact that CITIC.. the multi Billion $ entity in China traded its oil reserve in Dangang block for 3.7 million shares IVAN.
CITIC is associated with the old vice premiere of CHINA. biz.yahoo.com
**** trading oil in the ground for IVAN stock*****
CMAQ gave $20 million to IVANHOE for IVAN stocks. CMAQ is Chinese owned. biz.yahoo.com
Ensyn for its RTP process took ONLY $10 million and a pot full of IVAN stock.
On the recent warrant offered by IVAN, Robert Friedland and 2 overseas Investors took Ivan stock.
Over Seas Investors, who CITIC? Middle East?
Why such interest in wanting IVAN stock?
Be it the Yowlumme well or Heavy OIL or the RTP process or Tar sands.... IVAN is going to KICK... and KICK hard when any development occurs.
Long term consider Berry Petroleum stock as a model of the possibility.
Again...consider why everyone wants IVAN stocks.
So now Robert Friedland owns 20% IVAN stock.
Robert Friedland owns majority of CMAQ stock.... to be re-named China Ivanhoe Energy
Robert Friedland owns $billion in GOLD and Copper in HIS IVN stock. stockcharts.com
I [my friend] have accumulated more IVAN shares twice in the last couple weeks
stockcharts.com
IVAN has been basing SIDEWAYS...correcting its excess of Flippers, weak hands, and profit takers. It is poised to run.
The Aussies aren’t waiting... or maybe they already KNOW the skinny on the Yowlumme well.
Once we break past $3.25-3.5 a double looks promising and with time on business growth potential is much higher.
Robert Friedland and Dave Martin, former co-founder of OXY Petroleum are world class movers and shakers.
Joe Markman from MSN Money picked IVAN in March and in April for his Super Model Portfolio, as a high risk low priced stock with enormous upside if it pans out-
moneycentral.msn.com
moneycentral.msn.com
Put it all together and look closely below-
IVAN in JagNotes today
by: wolfgangz_2000 04/17/06 01:08 pm
Msg: 240751 of 240930
Dr. John L. Faessel
ON THE MARKET
Dr.faessel@onthemar.com
Update: A BEST IDEA for 2006
A WORLD AWASH IN OIL - HEAVY OIL
Ivanhoe Energy (IVAN) $2.60 NASDAQ
Of Note: 4-6-2006 - IMPORTANT INSIDER BUY
(IVAN)'s Deputy Chairman Robert Friedland, just bought $4.9 million of a $25.4 million money raise. His total equity interest in the (IVAN) is at just over 20%.
Recall that last June I attended a couple of day 'road show' out to Aera Petroleum's (Exxon and Shell joint venture) Belridge oilfield where I visited the onsite (IVAN) heavy-oil to light-oil 1000 barrel a day demonstration facility in Bakersfield, California.
With $70 crude and a developing major shortage of the 'light-oil' variety - the market for a conversion solution to this ever increasing and no end in sight predicament is indeed mind-boggling.
THE GLOBAL PROBLEM:
Last October Federal Reserve boss Alan Greenspan spoke about the world's energy crisis and heavy oil.
IVAN in JagNotes today - part 2
by: wolfgangz_2000 04/17/06 01:10 pm
Msg: 240752 of 240931
Notably: Crude oil prices are being distorted by shortages of capacity (the ability) to upgrade the higher sulfur content and heavier grades of crude oil. Two thirds of global output is heavy oil and the price difference between West Texas Light and the heavy stuff is a huge $17 a barrel. 70% of the known world deposits are the heavy crude (15%) or the extra heavy (55%).
The Ivanhoe (RTP T) process brings a three-fold economic improvement to heavy-oil projects. The heaviest hydrocarbon fraction is consumed as fuel to generate the steam used to enhance recovery of heavy crude. Importantly this lowers costs by reducing or eliminating the need to purchase high-priced natural gas for steam generation and improves revenue since the higher quality light-crude fraction can be sold at significantly higher prices. The lighter crude has vastly improved viscosity and that permits more efficient pumping through pipeline networks and significantly reduces transportation costs to marketing points.
The cost of power to generate steam for the Aera, (Belridge) oilfield that I visited in Bakersfield is $1 million a day. The power is generated from natural gas that is piped in from Canada. Natural gas is expensive, in short supply and in brown-out situations the supply can be cut off completely.
Also highly significant: These smaller 'satellite' conversion facilities are inexpensive to set up, use off-the-shelf components and can be deployed to remote sites with relatively small installations. And the project financings should be easy & non-dilutive.
Estimates of Capital Expenditures for one of these conversion facilities are between $5,500 and $7,200 per daily barrel. An estimate of what it costs to convert a barrel of heavy oil to light oil is around $8.20. When you consider that there is almost an unlimited supply of heavy oil out there on the planet that isn't even being drilled, that $8 dollar a barrel figure is peanuts.
I looked at the sign-in book at the demonstration facility and I saw names representing almost every major international oil company, including foreign government owned companies.
In Sum: Ivanhoe's astonishing new technology converts, for the first time ever, heavy oil to light oil - effectively, efficiently, in volume and inexpensively. The process also creates steam and / or power as a byproduct; it takes three barrels of steam to extract one barrel of heavy crude. The short version of how the technology works is: 100% heavy oil goes in one end and 90% light oil comes out the other. The remaining 10% fuels the process with some 'energy' left over.
Also key information: (IVAN) has legendary management with a major international footprint, and they know where the heavy oil is and who controls it - many by their first name. |
