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Ivanhoe Energy, Inc. principally engages in the development and production of oil and gas properties in the United States and China. The company’s oil and gas properties are located in California’s San Joaquin Basin and Sacramento Gas Basin; the Permian Basin in Texas; and the Hebei and Sichuan Provinces in China. As of December 31, 2007, it had estimated net proved reserves of 2,471 barrels of oil equivalent. The company’s heavy oil upgrading technology (HTL Technology) offers advantages as a field-located upgrading alternative, integrated with the upstream heavy oil production operation. It also owns a nonexclusive master license entitling it to use GTL Technology to convert natural gas in...

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