10 Apr 2012substantial holder notice● Neutral
Manulife Financial Corporation, John Hancock Global Opportunities Fund reported a IVANHOE ENERGY INC shareholding of 39,824,273 shares (11.57% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Mar 2012material agreement▼ BadMajor
Ivanhoe took out a US$50M short-term secured loan from UBS at a steep 9-10%+ interest rate that climbed further each month, pledging its Tamarack oil sands leases as collateral - an early sign of tightening liquidity years before the 2015 collapse.
13 Feb 2012substantial holder notice● Neutral
OR Robert Martin Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 53,545,058 shares (15.40% of votes) in a periodic institutional filing.
13 Feb 2012substantial holder notice● Neutral
Manulife Financial Corporation, John Hancock Global Opportunities Fund disclosed a new substantial IVANHOE ENERGY INC shareholding (9.38% of votes).
18 Jan 2012material agreement▲ GoodMajor
Ivanhoe agreed in principle to sell its entire Zitong interest in China to Shell for up to US$160M, the first step toward monetizing its Sichuan gas project.
6 Jan 2012material agreement● Neutral
Ivanhoe's Sunwing unit extended its Zitong exploration contract in China's Sichuan Basin by three years to mid-2014 and posted a US$20M performance bond to CNPC and partner Mitsubishi Gas Chemical.
15 June 2011capital raising announcement● NeutralMajor
Ivanhoe closed the 5.75% convertible debenture offering, raising just over Cdn$73M in total, including more than Cdn$23M placed privately with its own directors, officers and insiders.
1 June 2011material agreement● NeutralMajor
Ivanhoe agreed to sell US$50M of 5.75% convertible debentures due 2016, using the proceeds mainly to repay a US$40M convertible note owed to Talisman Energy - the same debentures whose missed interest payment would trigger default in 2015.
3 May 2011agm notice● Neutral
IVANHOE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
11 Feb 2011substantial holder notice● Neutral
Robert Martin Friedland, Newstar Holdings SRL, Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 52,911,725 shares (15.65% of votes) in a periodic institutional filing.
10 Feb 2010substantial holder notice● Neutral
Robert Martin Friedland, Newstar Holdings SRL, Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 52,411,725 shares (18.38% of votes) in a periodic institutional filing.
29 Jan 2010capital raising announcement▲ GoodMajor
Ivanhoe raised up to Cdn$150M (including the underwriters' over-allotment) in its largest special-warrant placement to date, at Cdn$3.00 per warrant.
23 July 2009asset acquisition disposition● NeutralMajor
Completed the sale of Ivanhoe Energy (USA) - all of its United States exploration and production, being California and Texas production and infrastructure plus additional California exploration acreage - to Seneca Resources and Seneca South Midway for $39,200,000, keeping cash, certain receivables and the Bakersfield office.
13 Feb 2009substantial holder notice● Neutral
Robert Martin Friedland, Newstar Holdings SRL, Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 51,911,725 shares (18.40% of votes) in a periodic institutional filing.
31 Oct 2008substantial holder notice● Neutral
Caisse de d&# reported a IVANHOE ENERGY INC shareholding of 14,204,922 shares (5.09% of votes) in a periodic institutional filing.
31 Oct 2008substantial holder notice● Neutral
Caisse de d&# reported a IVANHOE ENERGY INC shareholding of 13,113,271 shares (4.70% of votes) in a periodic institutional filing.
14 Oct 2008material agreement▲ GoodMajor
Ivanhoe's Ecuadorian subsidiary signed a 30-year service contract with state oil company Petroecuador to develop Block 20's Pungarayacu heavy-oil field using Ivanhoe's HTL upgrading technology - the project that would become the company's flagship growth bet.
29 Sept 2008listing compliance notice▼ Bad
IVANHOE ENERGY INC withdrew a registration statement, abandoning the offering it covered.
17 July 2008asset acquisition disposition● NeutralMajor
Ivanhoe completed the Talisman oil sands lease purchase, taking 100% of Leases 10 and 6 near Fort McMurray. It lost the third lease, Lease 50, after a third party exercised its right of first refusal.
14 July 2008capital raising announcement▲ GoodMajor
Ivanhoe closed a Cdn$88M special-warrant placement, largely to fund its pending purchase of Talisman's oil sands leases.
4 June 2008material agreement▲ GoodMajor
Ivanhoe agreed to buy Talisman Energy's interests in three Athabasca oil sands leases for about Cdn$105M, its first major move into Canadian oil sands alongside its China and Ecuador heavy-oil projects.
11 Feb 2008substantial holder notice● Neutral
Robert Martin Friedland, Newstar Holdings SRL, Newstar Securities SRL, Australian Bulk Minerals SRL, Goldamere Holdings SRL reported a IVANHOE ENERGY INC shareholding of 102,142,325 shares (27.10% of votes) in a periodic institutional filing.
2 Nov 2007debt financing● Neutral
Ivanhoe drew a further US$3M on its LaSalle credit line (US$4.5M total outstanding), and its Dagang subsidiary opened a new US$30M revolving facility with Standard Bank, drawing an initial US$7M to fund the China project.
13 Mar 2007financial restatement● Neutral
Ivanhoe said it would restate the US-GAAP reconciliation notes in its 2005 and part of its 2006 financial statements after a new interpretation of derivative-accounting rules changed how its share purchase warrants must be treated. Its primary Canadian-GAAP financials were unaffected.
13 Nov 2006debt financing● Neutral
Ivanhoe's US subsidiary opened a US$15M credit facility with LaSalle Bank (initially US$8M available) to fund US oil and gas development and early engineering on its HTL upgrading technology.
1 Sept 2006material agreement termination▼ BadMajor
The China Mineral Acquisition Corporation deal fell through: the blank-check company missed its own deadline to complete a combination and had to liquidate, ending Ivanhoe's plan to list Sunwing's China assets separately.
26 May 2006director officer appointment● Neutral
Ivanhoe Energy hired Joseph I. Gasca as President and Chief Operating Officer on a written employment agreement, putting an experienced international oil executive underneath the founder-chairman for the first time.
17 May 2006material agreement▲ GoodMajor
Ivanhoe agreed to combine its Sunwing China subsidiary with blank-check company China Mineral Acquisition Corporation, which would redomicile as China Ivanhoe Energy and leave Ivanhoe holding about 80% of the resulting public vehicle.
7 Apr 2006capital raising announcement▲ Good
Ivanhoe raised about US$25.4M in a special-warrant placement to three offshore investors. Deputy Chairman and top shareholder Robert Friedland took part to keep his stake near 20%; most proceeds went to retire debt and boost working capital.
24 Feb 2006asset acquisition disposition▲ GoodMajor
Ivanhoe bought back the 40% stake in its Dagang, China enhanced-oil-recovery project that it had farmed out to CITIC Resources' Richfirst unit in 2004, paying in shares plus a $7.4M loan and taking the project to 100% ownership.