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Gold/Mining/Energy : IVAN - Ivanhoe Energy -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (143)	11/12/2003 8:06:56 PM
From: benchpress550	Respond to of 271

Just in case you manage not to read my question. Why dont you have the testicles to stand behind your research with your own name?

To: Pluvia who wrote (143)	11/12/2003 9:21:04 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 271

You forgot ~HYPE Indonesian HUGE helicopter company -RESULT passengers can't stand the noise from the engine and jump out over the jungles of Borneo. Pluvia....all you will need, going forward, is a jail cell with nothing to read but Forbes magazines. You say that they need 219,000,000 ? I think they might get it from Forbes in a settlement.

To: Pluvia who wrote (143)	11/18/2003 9:36:48 AM
From: Pluvia	Read Replies (1) \| Respond to of 271

Libertyville, USA -- Nov 18, Pluvia Securities Research Continues Coverage of IVANHOE ENERGY (NasdaqSC:IVAN), at the current price, with a STRONG SELL/SHORTSELL Recommendation and a target price of under $1.00 UPDATEUPDATEUPDATEUPDATEUPDATE ***************** TOXIC BOB – Hypes CTIC *HYPE* November 18… CITIC becomes a strategic equity partner… “Once fully developed, gross production volumes are expected to reach a peak of 14,000 barrels per day, generating estimated field-level operating cash flows in excess of US$40 million in 2005 and exceeding US$60 million in 2006, assuming a benchmark oil price of US$26 per barrel.” biz.yahoo.com REALITY 1. IVAN takes 100% of the risk and NOW GETS APPROX 29% OF REVENUE instead of 49% (due to 40% sale to CTIC.) 2. IVAN still needs to raise $156mm to develop Dagang – ADDITIONAL FINANCING WILL CERTAINLY REDUCE IVAN’S % OF OWNERSHIP/DILUTE SHAREHOLDERS. And yet, IVAN still takes 100% of the risk. 3. Sunwing takes 100% of the risk on an oil field (Dagang Oil) that’s shown to be MEDIUM TO LOW PRODUCING. 4. 40% sale of Sunwing for 20mm GIVES SUNWING A MARKET VALUE OF 50MM, while IVAN market cap is approximately 1 billion. OCT 31, 2003 IVAN SEC FILING pg-18…www.sec.gov* “Under the contract, Sunwing operates the project and funds 100% of the development costs to earn 82% of the net revenue from oil production until cost recovery, at which time Sunwing’s entitlement reverts to 49%. In May 2003, Sunwing’s Overall Development Program for the Dagang Project was approved by Chinese regulatory authorities. The Plan contemplates expenditures of approximately $185 million over a three-year period and will involve drilling 115 new wells and reworking an additional 29 of the 82 existing wells.” ******************************* TOXIC BOB HYPE vs REALITY – The History ~ HYPE major oil/gas in Texas - RESULT all dry or unprofitable wells ~ HYPE California HUGE deep gas - RESULT dry hole ~ HYPE Russian HUGE oil & gas - RESULT abandon all Russian exploration ~ HYPE Peru HUGE oil & gas - RESULT abandon all Peru exploration ~ HYPE China HUGE oil & gas - RESULT 6 years produce 7ish low producing wells, negative return on investment ~ HYPE California HUGE heavy oil - RESULT small, low margin production wells that nobody really wants ~ HYPE Wyoming HUGE 100 MILLION bbl oil - REALITY low producing expensive, low margin project that nobody really wants. Pluvia Securities Research, their agents, associates and or employees have investment positions consistent with the above-stated investment opinion. All comments are the EXPRESS opinion of the Author(s) - All rights reserved.