Some of us here understand. I know analysts understand, like Chris Feltin of Tristone, now Macquarie who asked RF questions on the call. This is amazing and an entire new chapter for our company. Light, sweet oil a couple of thousand feet below the surface. Pump and sell, no HTL, ready Markets in China across the border.
The retired B29 pilot gentleman- hi Chief and I tip my hat to you if you are reading this board both for your military service and your steadfastness in Ivan- was good BECAUSE he was us.
He is every average Joe, who based on DD and courage, has invested here and as a David asked Goliath, ‘How we are doing?’ He heard from RF in response to his questions,
“Don’t worry about it mate…things get recognized when they get recognized… we are building things one brick at a time…we have a very strong team in Canada, in Latin America and in Asia…… we keep a strong balance sheet…we avoid debt… we have an amazing potential here.”
“No cash, only 3 million shares, production sharing agreement with Pan Asian. Close deal in 2-3 wks. Excellent block, entry point low, excellent leverage for Ivan shareholders…” Ian Barnett.
RF: “We now have huge resource…nice LIGHT SWEET CRUDE 36-38 API. All created with our Chinese oil/gas cash flow which is strong. Grow company to list on major Asian exchange. Land mass in Mongolia we have to work is greater than size of Kuwait.
David Dick, who joined Ivan for help with financial agreements/management, grew his Western Oil Sands company from very small and sold it for over 7 Billion.”
“Wells to be drilled are not deep, 1-2 kilometers, so 1-2 million dollars/well NOT 20 mil/well. Easy to get to. Given the advanced state of geological and seismic very nice odds for finding very significant fields.”
“It’s difficult to exaggerate how many calls I’m getting from international financial institutions and from sovereign wealth funds and others that are interested to participate in Mongolias economic growth and one of the most fundamental is oil and gas.”
"China has one oil company in Mongolia... have a 500 mil budget would not commit if they did not see Huge Upside."
“We create the kind of portfolio where you have sort of a menu of low risk cash flow and sort of visionary upside geologic potential… we create a kind of ingredient to create a listed Asian Oil and Gas company that could have a very handsome valuation and ‘Grow Like Wildfire’.”
This is not building SAGD and HTL for four years. This is drill shallow wells for 1-2 mil each where 20 of 40 drilled strike oil. Find oil, light oil and pump and sell to ready markets over the border with China.
Who realizes how awesome this will be And sooner than many think?
As enthusiastic as we have been as optimistic as we have been in considering the realization of RF's evolving vision for HTL and Ivan we may have Under estimated our potential in light of Mongolia and light/sweet, EASY oil for early Huge Money Flow and diversification in a premiere-safe-Asian location. He adopted your moniker in the last CC, fitting, indeed...
It looks as if things are finally coming together for the long haul. We should know what kind of potential Ecuador has soon. The new opportunities in Mongolia both on the oil side and the mining side of Ivanhoe. All of the relationships around the world both on the HTL technology development and the real revenue generating oil production mean this stock is on the verge of greatness. 2010 will be awesome for Ivanhoe. We should start seeing regular good news before the end of the year. Good luck to all longs.
I believe things will pick up in mid Dec.Japan has been exchanging oil for money (Via Russia). They maybe seeking to quickly rid themselves of this !
Also with the Asian (China/ japan) Region buying up commodities quickly. They maybe seeking to purify oil for use. (Carbon emission) As China is the largest producer of carbon emmission(Coal) (and oil looking to go down). Why not purchase the oil, clean and sell ?