CALGARY, Sept. 10, 2012 /CNW/ - Ivanhoe Energy Inc. (TSX: IE) (NASDAQ:
IVAN) announced today that it published a Special Report about the
economic drivers and benefits of the Heavy-to-Light (HTL) technology in the September issue of Hydrocarbon Processing, now available online and in print.
"Heavy oil resources are becoming significantly more important as the
availability of light, sweet crude continues to decline. Extracting
and developing heavy oil has its challenges and HTL uniquely addresses
these challenges. It is a technology that will be used in the field to
economically upgrade and significantly improve the properties of heavy
oil, unlocking value for producers globally," said Dr. Michael
Silverman, Chief Technology Officer of Ivanhoe Energy. "This feature
article provides an opportunity for Ivanhoe Energy to share the
benefits of HTL with the global industrial sector."
Hydrocarbon Processing has been providing valuable information to management and technical
professionals in petroleum refining, petrochemical and
engineering/constructor companies throughout the world since 1922.
Through its monthly magazine, website and e-newsletters, Hydrocarbon Processing covers technological advances, processes and optimization developments
throughout the global Hydrocarbon Processing Industry. Hydrocarbon Processing editors provide real-world case studies and practical information that
professionals can use to improve their companies' operations and their
own professional job skills.
Ivanhoe Energy is an independent international heavy oil exploration and
development company focused on pursuing long-term growth in its
reserves and production using advanced technologies, including its
proprietary heavy oil upgrading process (HTLTM). Core operations are in Canada, United States, Ecuador, China and
Mongolia, with business development opportunities worldwide. Ivanhoe
Energy trades on the Toronto Stock Exchange with the ticker symbol IE
and on the NASDAQ Capital Market with the ticker symbol IVAN.
For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include, but
are not limited to, statements concerning the potential benefits of
Ivanhoe Energy's heavy oil upgrading technology, the potential for
commercialization and future application of the heavy oil upgrading
technology and other technologies, statements relating to the continued
advancement of Ivanhoe Energy's projects, the potential for successful
exploration and development drilling, dependence on new product
development and associated costs, statements relating to anticipated
capital expenditures, the necessity to seek additional funding,
statements relating to increases in production and other statements
which are not historical facts. When used in this document, the words
such as "could," "plan," "estimate," "expect," "intend," "may,"
"potential," "should," and similar expressions relating to matters that
are not historical facts are forward-looking statements. Although
Ivanhoe Energy believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements.
Important factors that could cause actual results to differ from these
forward-looking statements include the potential that the Company's
projects will experience technological and mechanical problems, new
product development will not proceed as planned, the HTLTM technology to upgrade bitumen and heavy oil may not be commercially
viable, geological conditions in reservoirs may not result in
commercial levels of oil and gas production, the availability of
drilling rigs and other support services, uncertainties about the
estimates of reserves, the risk associated with doing business in
foreign countries, environmental risks, changes in product prices, our
ability to raise capital as and when required, competition and other
risks disclosed in Ivanhoe Energy's 2011 Annual Report on Form 10-K
filed with the U.S. Securities and Exchange Commission on EDGAR and the
Canadian Securities Commissions on SEDAR.
SOURCE: Ivanhoe Energy Inc.
For further information:
Manager, Corporate Communications
(403) 817 1108