David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. and Gerald Moench, President of Sunwing Energy Ltd., declared that following the Chinese New Year holiday, Sunwing Energy has resumed site operations at its Zitong-1 well and is preparing to perforate and test the Xu-5 Formation. Test results are expected before the end of February.
Sunwing is the operator of the 659,840-acre (1,031 square miles) Zitong exploration block in Sichuan, and holds a 90% interest in a Petroleum Contract with PetroChina Company Limited. Mitsubishi Gas Chemical Company of Japan holds the remaining 10% interest.
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Ivanhoe Energy Inc.
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