Ivanhoe Energy spuds first exploration well in Mongolia

theflyonthewall.com

Ivanhoe Energy announced that N16-1E-1A, Sunwing's first exploration well on its Nyalga Block XVI in Mongolia, spudded Saturday, August 13. As of today, the well has been drilled to 437m and surface casing has been run and cemented. "This is an important step in our exploration program in Mongolia," said COO David Dyck. "Given the results of our 2D seismic study, we are optimistic of the potential to discover oil resources in Mongolia."

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