IVAN (MM)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 27, 2014

 

IVANHOE ENERGY INC.

(Exact name of registrant as specified in its charter)

 

Yukon, Canada		000-30586		98-0372413
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

Suite 654 - 999 Canada Place Vancouver, BC, Canada		V6C 3E1
(Address of Principal Executive Offices)		(Zip Code)

 

(604) 688-8323

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

 

Item 7.01

Regulation FD Disclosure.

 

On August 27, 2014, Ivanhoe Energy Inc. (the “Company”) issued a press release confirming its intention to fully participate in a new services contract presently under discussion for the development of the Block 20 oilfield development project in Ecuador. A copy of this press release is furnished as Exhibit 99.1 to this report.

 

On August 29, 2014, the Company issued a press release providing brief commentary on its business affairs and a response to the recent trading activity in its share price. A copy of this press release is furnished as Exhibit 99.2 to this report.

 

On September 3, 2014, the Company issued a press release announcing that it received confirmation from the Listing Qualifications Department of the NASDAQ Stock Market (NASDAQ) that it regained compliance with the $1.00 minimum bid price rule set forth in NASDAQ Listing Rule 5550(a)(2). The Company’s common shares maintained a closing bid price of at least $1.00 per share for the required ten consecutive days, from August 18, 2014 to August 29, 2014. A copy of this press release is furnished as Exhibit 99.3 to this report.

 

The information furnished pursuant to Item 7.01 of this report, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

 

 

 

 

 

ITEM 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

EXHIBIT NO.

DESCRIPTION

 

	99.1	Press Release dated August 27, 2014
	99.2	Press Release dated August 29, 2014
	99.3	Press Release dated September 3, 2014

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date: September 4, 2014	IVANHOE ENERGY INC.
	/s/ Mary Vincelli
	Name: Mary Vincelli
	Title: Corporate Secretary

 

 

  

 

 

 

 

 

 

 

EXHIBIT INDEX

 

 

EXHIBIT NO.

DESCRIPTION

 

	99.1	Press Release dated August 27, 2014
	99.2	Press Release dated August 29, 2014
	99.3	Press Release dated September 3, 2014

 

 

 

 

 

 

 

Exhibit 99.1

 

 

 

Statement

 

Ivanhoe Energy confirms its intention to fully participate

in new services contract for development of Block 20 project in Ecuador

Calgary, Canada — (August 27, 2014) Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) today provided clarification regarding certain statements contained in a news article published by El Comercio in Ecuador earlier this week, and subsequently by the Wall Street Journal, regarding Ivanhoe’s Specific Services Contract on Block 20, which contains the Pungarayacu oil field.

As the company has previously stated, Ivanhoe Energy fully intends to be part of a consortium that will develop Block 20.

Additionally, Ivanhoe and the Ecuadorian Government have agreed to a process to mutually terminate the Specific Services Contract under which Ivanhoe has been operating since 2008 as a step towards entering into a new Service Contract with a consortium consisting of Ivanhoe and one of the world’s largest national oil companies (NOC), which has experience working in Ecuador.

 

The NOC recently advised Ivanhoe that some of its international projects, including the Block 20 project, are currently under review. Ivanhoe is waiting for the NOC to complete its review before moving forward to finalize the joint-venture agreement. Ivanhoe anticipates that this review will continue until the end of the third quarter of 2014.

Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL^®). Core operations are in Canada, United States, and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.

For further information contact:

Greg Phaneuf (403) 261 1700

Bill Trenaman (604) 331 9834

 

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to the potential for commercialization and future application of the heavy oil upgrading technology and other technologies, statements relating to the continued advancement of Ivanhoe Energy's projects, statements relating to the timing and amount of proceeds of agreed upon and contemplated disposition transactions, statements relating to anticipated capital expenditures, statements relating to the timing and success of regulatory review applications, and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, new product development will not proceed as planned, the HTL® technology to upgrade bitumen and heavy oil may not be commercially viable, geological conditions in reservoirs may not result in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about the estimates of reserves, the risk associated with doing business in foreign countries, environmental risks, changes in product prices, our ability to raise capital as and when required, our ability to complete agreed upon and planned asset dispositions, competition and other risks disclosed in Ivanhoe Energy's 2013 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.

Exhibit 99.2

 

 

 

Ivanhoe Energy Responds to Trading Activity

Calgary, Canada — (August 29, 2014) Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) said

today that the company is not aware of any specific factors, other than information previously disclosed in its public filings, news releases or statements, which would result in the levels of trading activity and change in the share price recorded today.

 

In its most recent announcement August 27, Ivanhoe Energy confirmed its intention to fully participate in a new services contract presently under discussion for the development of the Block 20 oilfield development project in Ecuador (www.ivanhoeenergy.com/en/news/block_20_clarification_aug_2714_final.pdf).

 

This news release is being issued at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange.

 

Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL^®). Core operations are in Canada, United States, and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.

For further information contact:

Greg Phaneuf (403) 261 1700

Bill Trenaman (604) 331 9834

 

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to the potential for commercialization and future application of the heavy oil upgrading technology and other technologies, statements relating to the continued advancement of Ivanhoe Energy's projects, statements relating to the timing and amount of proceeds of agreed upon and contemplated disposition transactions, statements relating to anticipated capital expenditures, statements relating to the timing and success of regulatory review applications, and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, new product development will not proceed as planned, the HTL® technology to upgrade bitumen and heavy oil may not be commercially viable, geological conditions in reservoirs may not result in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about the estimates of reserves, the risk associated with doing business in foreign countries, environmental risks, changes in product prices, our ability to raise capital as and when required, our ability to complete agreed upon and planned asset dispositions, competition and other risks disclosed in Ivanhoe Energy's 2013 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.

Exhibit 99.3

 

 

 

Ivanhoe Energy regains compliance with NASDAQ

minimum bid price requirement

Calgary, Canada — (September 3, 2014) Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that the Company received notification from the NASDAQ Stock Market that it regained compliance with the minimum bid price rule for a NASDAQ listed issuer.

 

The bid price of the Company’s common stock closed at US$1.00 per share or greater for the required 10 consecutive business days from August 18 to August 29, 2014.

 

Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL^®). Core operations are in Canada, United States, and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.

For further information contact:

Greg Phaneuf (403) 261 1700

Bill Trenaman (604) 331 9834

 

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to the potential for commercialization and future application of the heavy oil upgrading technology and other technologies, statements relating to the continued advancement of Ivanhoe Energy's projects, statements relating to the timing and amount of proceeds of agreed upon and contemplated disposition transactions, statements relating to anticipated capital expenditures, statements relating to the timing and success of regulatory review applications, and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects will experience technological and mechanical problems, new product development will not proceed as planned, the HTL® technology to upgrade bitumen and heavy oil may not be commercially viable, geological conditions in reservoirs may not result in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about the estimates of reserves, the risk associated with doing business in foreign countries, environmental risks, changes in product prices, our ability to raise capital as and when required, our ability to complete agreed upon and planned asset dispositions, competition and other risks disclosed in Ivanhoe Energy's 2013 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.