To 'bbiker' Welcome to 'DEREK OIL & GAS CORPORATION' -
In November, 2003 -
Ivanhoe Energy -
reached an agreement with -
Derek Oil and Gas -
to jointly develop the LAK Ranch field,
a steam-assisted gravity drainage (SAGD) project in
Weston County, Wyoming -
Ivanhoe will have the option to earn up to a 60% interest
in the project by investing US$5 million toward
the pilot phase and the initial development capital costs.
Ivanhoe Energy held a 43% interest in the project
at the end of the second quarter of 2006.
Should Ivanhoe decide not to fund additional development
costs after the pilot phase -
Derek will become the operator and
Ivanhoe's working interest will revert to 15% -
http://www.investorshub.com/boards/board.asp?board_id=7000
In November, 2003 -
Ivanhoe Energy -
reached an agreement with -
Derek Oil and Gas -
to jointly develop the LAK Ranch field,
a steam-assisted gravity drainage (SAGD) project in
Weston County, Wyoming -
Ivanhoe will have the option to earn up to a 60% interest
in the project by investing US$5 million toward
the pilot phase and the initial development capital costs.
Ivanhoe Energy held a 43% interest in the project
at the end of the second quarter of 2006.
Should Ivanhoe decide not to fund additional development
costs after the pilot phase -
Derek will become the operator and
Ivanhoe's working interest will revert to 15% -
http://www.investorshub.com/boards/board.asp?board_id=7000
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