IVANHOE ENERGY REACHES TOTAL DEPTH AT ZITONG-1 AND YIXIN-2 WELLS IN CHINA

David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. and Gerald Moench, President of Sunwing Energy Ltd., today announced that the Zitong-1 and Yixin-2 wells, located on the Zitong block in Southwest China have been successfully drilled to total depth. The Zitong-1 well reached total depth at 4,294 metres (14,088 feet) in the Xu2 Formation and the Yixin-2 well reached total depth at 4,165 metres (13,661 feet) in the Xu3 Formation. The wells have been logged, Zitong-1 has been cased and cemented, and Yixin-2 is currently running casing prior to cementing. A testing program for both wells is scheduled to commence in mid-December.
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Source: PR-Canada