12:04 PM EST - Ivanhoe Energy Inc. : first-quarter net loss widened to US$8.5 million from a year-ago $6.5 million, but the company said preparations for full-scale commercial deployment of its proprietary heavy oil upgrading technology were accelerated during the period. Vancouver-based Ivanhoe reported a net loss of 3 cents per share, unchanged from the comparable quarter of 2007. Revenue improved to $11.2 million from $9.3 million. Ivanhoe Energy Inc.
shares T.IE are trading off 1 cent at $2.12.
