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Ivanhoe Energy IVAN Closes in on $1.00

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Ivanhoe Energy is closing in on $1.00 which is needed to sustain the minimum bid NASDAQ ruling need for compliance. The company announced an 8-K stating they received a notification letter (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market.

The company can regain compliance if they maintain a closing bid price of the at least $1.00 for a minimum of 10 consecutive business days in a defined period of time.

8-K found at http://biz.yahoo.com/e/130912/ivan8-k.html

The company closed up 26.81% on Thursday to $.97 with 2,243,619 shares traded.

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^TM). 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.

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