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Jerry
10-13-2004, 11:51 AM
Press Release Source: Ivanhoe Energy Inc.


Ivanhoe Energy signs agreement with Iraq Ministry of Oil to evaluate Qaiyarah Oil Field
Wednesday October 13, 11:47 am ET


BAKERSFIELD, CA, Oct. 13 /PRNewswire-FirstCall/ - Ivanhoe Energy (Middle East) Inc., a subsidiary of Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE), and the Ministry of Oil of the Government of Iraq have signed a memorandum of understanding (MOU) for Ivanhoe to study and evaluate the shallow Qaiyarah Oil Field in northern Iraq. The field's reservoirs contain a large proven accumulation of 17.1 degree API heavy oil at a depth of about 1,000 feet....http://biz.yahoo.com/prnews/041013/to273_1.html

These guys are on the NYSE and their stock just jumped over this looks like a mover...