CALGARY, Sept. 15, 2014 /CNW/ – Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that Senior Vice President, Finance and Chief Financial Officer (CFO), Greg Phaneuf, is leaving Ivanhoe Energy to accept a role with another company. Mr. Phaneuf’s resignation is effective October 10, 2014 and he will continue in the role until that date to assist the Company with the transition to a new CFO.
We appreciate Greg’s efforts on behalf of Ivanhoe Energy and wish him well as he embarks on his new endeavours,” said Carlos A. Cabrera, Executive Chairman. “We wish to assure all of our stakeholders that the Company is working through various funding alternatives to allow the Company to execute its business plan.”
Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy oil upgrading process (HTL®). Core operations are in Canada, United States, and Ecuador, with business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.
SOURCE Ivanhoe Energy Inc.
For further information: Greg Phaneuf, (403) 261 1700; Bill Trenaman, (604) 331 9834