Ivanhoe Energy Shares up on Mongolia Drilling Success

- August 16th, 2011

Reuters Canada reports that Ivanhoe Energy Inc (TSE:IE) announced that it plans to drill two wells at its Nyalga Block XVI in Mongolia.

Reuters Canada reports that Ivanhoe Energy Inc (TSX:IE) announced that it plans to drill two wells at its Nyalga Block XVI in Mongolia.

The market news is quoted as saying:

The Calgary, Alberta-based company’s shares were trading up about 7 percent at C$1.75 on Tuesday morning making it one of the top percentage gainers on the Toronto Stock Exchange.

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