Replies to post #1529 on Ivanhoe Energy Inc. (fka IVANF)

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Ecuador: Development Strategy

[from June 2012 Corp.Presentation-]

http://www.ivanhoeenergy.com/en/presentations/ivanhoe_energy_corporate_presentation_june_2012_-_website_june_15_12.pdf

?Evaluation program began in May 2009 and will continue until May 2013
?Two appraisal wells drilled in 2010; oil recovered from IP-5b well
?Independent lab analysis indicates an API gravity of ~ 9° to 10°
?Proprietary HTL process will enable pipeline transport and enhance the value of the heavy oil
?HTL synthetic crude oil is 16° API with a residual component of 16%; result is higher quality oil through cost effective upgrading
?190 sq km 2D seismic in the southern part of the block
?Deeper structures; potential lighter oil facilitates blending and enhances economics
?Currently drilling one exploratory well to test these deeper structures
?TD 9,500 ft.; results anticipated in third quarter 2012?Positive results could lead to reserve booking
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