Ivanhoe Energy receives final Shell China proceeds (Scandinavian Oil-Gas Magazine)

Ivanhoe Energy receives final Shell China proceeds

Published Jan 3, 2014

Ivanhoe Energy Inc. announced that it received the final US$3.7 million in proceeds from Shell China relating to the transfer of the Zitong Block Petroleum Contract.

The funds were released as part of the 2012 China National Petroleum Corporation's cost recovery audit. Proceeds will be added to existing working capital reserves.

Tags: Ivanhoe Energy Inc.

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