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Ivanhoe Energy Inc.

09:48 AM EST - Ivanhoe Energy Inc. : announced today that Ivanhoe's drilling team has begun moving the drilling rig to the site of the second exploration well in east-central Mongolia. Testing has been completed at the first exploration well, N16-1E-1A, which was drilled to a depth of 2,003 metres. The first well has been plugged and abandoned and the rig disassembled for mobilization. Ivanhoe Energy Inc. shares T.IE are trading up $0.01 at $1.46.