Oil and Gas

Rigzone reported that Ivanhoe Mines Ltd. (NYSE:IVN) and its subsidiary Sunwing Energy Ltd., said that Ivanhoe’s drilling team has started moving the drilling rig to the site of the second exploration well in east-central Mongolia.

Rigzone reported that Ivanhoe Mines Ltd. (NYSE:IVN) and its subsidiary Sunwing Energy Ltd., said that Ivanhoe’s drilling team has started moving the drilling rig to the site of the second exploration well in east-central Mongolia.

The market news is quoted as saying:

“Our drilling program was designed to advance our knowledge of Mongolia’s Nyalga Basin, a highly prospective area with numerous potential structures that could be tested by drilling,” David Dyck, President and Chief Operating Officer, said. “These initial wells are testing two different structures with diverse seismic characteristics.”

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