BNET Industries
Market Cap:$758.0M
Last Fiscal Year Sales:$69.1M
- Public
- CA
Dow Jones Description
Our objective is to create shareholder value by finding and developing oil and gas reserves principally through the application of our proprietary, patented HTLfor upgrading heavy oil, and as well, through the monetization of stranded gas reserves through the application of the GTL technology licensed from Syntroleum for the conversion of natural gas to liquids and through conventional exploration and production of oil and gas, primarily in the U.S. and China. The most significant element of our strategy was put in place with the acquisition of Ensyn Group, Inc. in 2005 and its heavy oil upgrading technology. We intend to apply the leading-edge HTL process that we acquired as a critical, value added tool in the development of reserves and production and to establish partnerships with owners of heavy oil reserves where we will build, own and operate commercial heavy-to-light facilities. The use of the HTL Technology will allow us to upgrade heavy oil at facilities located in the field to produce lighter, more valuable crude oil at lower costs and in smaller size facilities than required by conventional technologies. ...
Executive Vice President, Technology & Chief Technology Officer
Michael SilvermanNumber of Employees 165
Contact Information
999 Canada Place Suite 654
Vancouver, British Columbia V6C 3E1
(604) 688-8323
Peer Companies
NAICS Code Support Activities for Oil and Gas Operations: 213112
Recent Events
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Ivanhoe Energy subsidiary to merge with PanAsian Petroleum Inc in Mongolia (Ivanhoe-Mongolia)
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Ivanhoe Energy and Sunwing Energy, its wholly-owned subsidiary, to hold conference call today to discuss...
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Raymond James Upgrades Ivanhoe Energy IVAN to Outperform
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Ivanhoe Energy Slips To Q3 Loss - Quick Facts
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UPDATE 2-Ivanhoe Energy stock jumps on 'outperform' rating
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Ivanhoe Energy trims loss, oil revenues fall
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National Fuel acquires Ivanhoe operations
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BRIEF: National Fuel buys Ivanhoe assets
News & Analysis
Filter by
ivanhoe energy inc. - All News and Analysis
Ivanhoe Energy 2009 Second-Quarter Results and Operations Update
VANCOUVER, Aug. 10 /PRNewswire-FirstCall/ -- Ivanhoe Energy Inc. will file its Quarterly Report on Form 10-Q today for the quarter ended June 30, 2009. Highlights of the Second Quarter - US oil and gas operations sold for approximately $40 million (closed...
Ivanhoe Energy sells its US oil and gas operations for US$40 million
Sale proceeds and personnel to be redeployed to Ivanhoe Energy's HTL (Heavy-to-Light) heavy-oil projects VANCOUVER, July 20 /PRNewswire-FirstCall/ -- Robert Friedland, Executive Chairman, President and Chief Executive Officer of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), announced today that Ivanhoe Energy has sold its US oil...
Ivanhoe Energy appoints Jean Chretien, former Canadian Prime Minister, as senior international adviser
VANCOUVER, July 8 /PRNewswire-FirstCall/ -- Robert Friedland, Executive Chairman of Ivanhoe Energy, and Co-Chairman of its China-focused subsidiary, Sunwing Energy, today announced the appointment of the Right Honourable Jean Chretien, the 20th Prime Minister of Canada, as senior international adviser to the company. Mr. Chretien has...
Ivanhoe Energy Congratulates Ensyn on New Biomass Joint Venture
ENERGY RESOURCE-26 March 2009-Ivanhoe Energy Congratulates Ensyn on New Biomass Joint VentureC2009 JeraOne - http://www.jeraone.com Ivanhoe Energy Inc. today congratulated its technology partner, Ensyn Corp., for the formation of a biomass technology joint venture, called Envergent Technologies LLC, with UOP, a Honeywell company. The venture will...
Ivanhoe Energy Commissions New Feedstock Testing Facility
ENERGY RESOURCE-24 March 2009-Ivanhoe Energy Commissions New Feedstock Testing FacilityC2009 JeraOne - http://www.jeraone.com The HTL testing facility will be used by Ivanhoe Energy in coming years to support detailed engineering and design of commercial-scale HTL plants for Ivanhoe Energy's Tamarack Project in Alberta, Canada, and its Pungarayacu...
Evaluation Increases Oil Sands Resource by 81 Percent at Ivanhoe Energy's Tamarack Project
ENERGY RESOURCE-18 March 2009-Evaluation Increases Oil Sands Resource by 81 Percent at Ivanhoe Energy's Tamarack ProjectC2009 JeraOne - http://www.jeraone.com Ivanhoe Energy Inc. today said a recently completed evaluation by independent engineers finds that Ivanhoe Energy's Tamarack Project in the Athabasca region of Western Canada contains best-estimate contingent...
*Revised* Analyst Reports for Kinross Gold Corporation, Ivanhoe Energy Inc., Birchcliff Energy Ltd, and 01 Communique
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Kinross...
IVANHOE ENERGY ACQUIRES TALISMAN OILSANDS ASSETS
For $105 million, Ivanhoe has bought Talisman Energy's interests in three leases located in the heart of the Athabasca oilsands region, it was announced in late May by Robert Friedland, Deputy Chairman of Ivanhoe. The transaction will see the first commercial application of Ivanhoe Energy's proprietary HTLTM heavy-oil upgrading technology...
Ivanhoe Energy buys Alberta oil sands leases for C$105 million
OIL SANDS Vancouver-based Ivanhoe Energy signed a preliminary agreement with Tailsman Energy Canada to acquire all of Tailsman's interests in three leases located in the heart of the Athabasca oil sands in Alberta, Canada. The purchase price was C$105 million. Through the purchase, Ivanhoe signaled that it intends...
New Analyst Insight on IVANHOE ENERGY INC, RED BACK MINING INC, and UEX CORPORATION
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Investors wanting to know the truth about investing and how to consistently profit from whatever the markets throw our way should sign up to www.maybachfinancial.com for a free trial subscription. Through our numerous...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael Silverman | Executive Vice President, Technology & Chief Technology Officer |
| W. Gordon Lancaster | Chief Financial Officer |
| W. Gordon Lancaster | CFO |
| Ed Veith | Executive Vice President, Upstream |
| Gerald Moench | Executive Vice President |
| Ian S Barnett | Executive Vice President, Finance |
| Patrick Chua | Executive Vice President |
| Neil Malpiede | Vice President Gtl and Eor Technology |
| Robert M. Friedland | Co-Founder |
| Beverly A. Bartlett | Secretary |
| Robert A. Pirraglia | Engineer |
| Edward Flood | Director |
| J. Steven Rhodes | Director |
| Robert G. Graham | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| A. Robert Abboud | Co-Chairman |
| Brian Downey | Board of Directors |
| E. Leon Daniel | Board of Directors |
| Howard R. Balloch | Board of Directors |
| John A. Carver | Board of Directors |
| Peter G. Meredith | Member of The Company's Board of Directors |
| Shun-Ichi Shimizu | Board of Directors |
Dr. Michael Silverman has almost 30 years of experience in technology development and management, including the commercialization and marketing of new technologies. His most recent position was with Kellogg, Brown and Root (KBR), where he was VP of Petrochemicals, responsible for all aspects of the petrochemicals technology portfolio. He previously directed KBR's Technology Centre and was Manager of Technology Development for Stone & Webster.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Executive Vice President, Technology & Chief Technology Officer | Current |
Gordon Lancaster, a Canadian Chartered Accountant, is a senior executive with extensive domestic and international corporate experience, in fields including equity and debt financings, regulatory compliance, acquisitions and integration, legal, risk management and taxation. Mr. Lancaster was with leading global accounting firm Deloitte & Touche LLP for 20 years, including five years as a partner. He also has more than 20 years' experience in senior financial positions with a variety of private and public firms, serving as Chief Financial Officer for First City Group, Vancouver International Airport Authority, Lions Gate Entertainment Corp. and Power Measurement Inc.
| Organization | Position | Status |
|---|---|---|
| Lions Gate Entertainment Corp. | Chief Financial Officer | Current |
| Ivanhoe Energy, Inc. | Chief Financial Officer | Current |
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| Ivanhoe Energy, Inc. | Chartered Accountant | Former |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | CFO | Current |
Ed Veith is a petroleum engineer with 23 years of experience in the oil industry. Over his career, he has specialized in the reservoir management of enhanced and improved oil recovery projects, including significant experience in thermal heavy oil recovery operations in California. Mr. Veith was formerly President of Insight Energy LLC, where he evaluated major oil fields for acquisition and joint ventures, and also was with Aera Energy LLC, where he was responsible for the heavy oil development in California's Belridge, Cymric and McKittrick Oil Fields. He also has worked in a variety of engineering and leadership roles for Williams Brothers Engineering Co. and Bechtel Petroleum Operations, Inc.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Executive Vice President, Upstream | Current |
| Aera Energy LLC | President | Former |
| Insight Energy Inc | President | Former |
| Ivanhoe Energy, Inc. | Vice President Htl Technology | Former |
Gerald Moench is President and Director of Sunwing Energy Ltd., Ivanhoe Energy's China-focused subsidiary. Gerald was a consultant in Indonesia and New Zealand in the mid-1990s, and before that was General Manager of Santos Petroleum (Seram) Ltd. His 31 years' experience in the oil and gas industry has included drilling and completion operations in Canada, Indonesia, Australia and China.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Executive Vice President | Current |
Ian Barnett, a former Ensyn Group Inc. Director, investor and consultant, first initiated his investment in Ensyn in 1996. Ian is a Director and co-founder of Heptagon Investments Ltd., a private investment company focused on development stage technology companies. He has over 25 years of experience in investment and international banking, including positions with UBS in London, England and The Toronto-Dominion Bank in Latin America.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Executive Vice President, Finance | Current |
| Ensyn Corporation | Director | Current |
| INSEAD | MBA | Former |
| Queen's University | Bachelor of Commerce | Former |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Executive Vice President | Current |
| Ivanhoe Energy, Inc. | Chairman and Director | Former |
Neil Malpiede is a mechanical engineer with 36 years experience in international drilling and production operations. He was formally with Occidental Petroleum in charge of production engineering for the development of the Piper and Claymore Fields in the North Sea and petroleum engineering manager for the development of the Idd el Shargi Field in Qatar and numerous other fields in Latin America and Asia. Most recently Mr. Malpiede was manager of business development for enhanced oil recovery (EOR) projects with Occidental Petroleum. He has broad experience with offshore operations, subsea completions, long reach horizontal drilling and multilateral completions.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Vice President Gtl and Eor Technology | Current |
| Occidental Petroleum Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Co-Founder | Current |
| Sunwing Energy Ltd | Co-Chairman | Current |
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| Ivanhoe Mines Ltd. | Chairman & CEO | Former |
| Ivanhoe Energy, Inc. | Executive Co-Chairman, President and Chief Executive Officer (Principal Executive Officer) | Former |
| Organization | Position | Status |
|---|---|---|
| Asia-Gold | Vice President & Corporate Secretary | Current |
| Jinshan Gold Mines | Vice President and Corporate Secretary | Current |
| Ivanhoe Mines Ltd. | Vice President & Corporate Secretary | Current |
| Ivanhoe Mines Ltd. | Compliance Officer | Current |
| Ivanhoe Energy, Inc. | Secretary | Current |
| Jinshan Gold Mines | Board of Directors | Current |
| Ivanhoe Mines Ltd. | Board of Directors | Current |
| Jinshan Gold Mines | Corporate Secretary | Former |
Robert Pirraglia is an engineer and attorney with more than 25 years of experience in the development of energy projects and projects employing innovative technologies. Robert Pirraglia currently serves as Chief Operating Officer and Director of Ensyn Corporation. He was a member of the Board of Directors of Ensyn Group Inc starting in 1996 and became its Chief Operating Officer in 1998. Prior to joining Ensyn, in addition to being a founder of Montenay Power Corporation and serving as Chief Operating Officer of Biomedical Waste Systems, Inc , he provided management and business consulting services to various U.S., Canadian and European companies.
| Organization | Position | Status |
|---|---|---|
| Ensyn Corporation | Chief Operating Officer | Current |
| Ivanhoe Energy, Inc. | Engineer | Current |
| Ensyn Corporation | Board of Directors | Current |
| Ivanhoe Energy, Inc. | Director | Current |
| Ensyn Corporation | Executive Vice President, Business Development | Former |
| Ensyn Corporation | Senior Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Co-Chairman | Current |
From 1986 to 1995 Mr. Downey was President and CEO of Credit Union Central of Canada, the national trade association and national liquidity facility for all credit unions in Canada. Today, its 500 credit unions and affiliated caisses populaires have combined assets of over $95 billion and serve almost 5 million members. Mr. Downey went on to become a partner and the CEO of Lending Solutions, Inc. a full-service loan call centre located in the U.S. whose clients are primarily U.S. and Canadian financial institutions.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| Ivanhoe Energy, Inc. | President & CEO | Former |
| Ivanhoe Energy, Inc. | Deputy Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Haywood Securities | Managing Director | Current |
| Western Uranium Corporation | Chairman of the Board | Current |
| Diamond Fields International Ltd. | Board of Directors | Current |
| Alexco Resource Corp | Director | Current |
| Ivanhoe Energy, Inc. | Director | Current |
| Colombia Goldfields, Ltd. | Board of Directors | Current |
| Ivanhoe Inc. | President | Former |
| Ivanhoe Mines Ltd. | President | Former |
| Robertson, Stephens & Company | Principal | Former |
| Haywood Securities | Analyst | Former |
| Ivanhoe Mines Ltd. | Deputy Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| The Balloch Group | President | Current |
| Ivanhoe Mines Ltd. | Director | Current |
| Methanex Corporation | Board of Directors | Current |
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| The Balloch Group | Founder | Former |
| Universite Laval | Former | |
| Zi Corporation | Board of Directors | Former |
| Montreal.Com | MBA | Former |
| McGill University | MBA | Former |
| McGill University | BA | Former |
J. Steven Rhodes is Chairman and Chief Executive Officer of Claiborne-Rhodes, Inc., a Los Angeles-based investment company. Prior to joining Claiborne-Rhodes in 2001, Mr. Rhodes was a Senior Vice-President with First Southwest Company, a large investment banking firm based in Dallas, Texas. From 1981 to 1985, he worked at The White House in various positions, including Chief Domestic Advisor to then Vice President George Bush. He also has held senior management positions with William E. Simon & Sons Municipal Securities, Inc. and Smith Barney Harris Upham & Company, Inc.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Director | Current |
| First Southwest Company | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Asia-Gold | Director, Chief Executive Officer | Current |
| Entree Gold Inc. | Director | Current |
| Ivanhoe Energy, Inc. | Member of The Company's Board of Directors | Current |
| Great Canadian Gaming Corporation | Director | Current |
| Ivanhoe Mines Ltd. | Board of Directors | Current |
| ADC Austin | Director | Current |
| Olympus Pacific Minerals Inc | Board of Directors | Current |
| Ivanhoe Inc. | Cfo | Former |
| Ivanhoe Mines Ltd. | Chief Financial Officer | Former |
| Deloitte & Touche LLP | Partner | Former |
| Deloitte Touche Tohmatsu | partner | Former |
| Ivanhoe Group | Former | |
| Touche, Inc. | Former | |
| Deloitte Touche Tohmatsu | Director | Former |
| Deloitte & Touche LLP | Director | Former |
Dr. Robert Graham is Chairman, CEO and President of Ensyn Corporation. Dr. Graham has been working on the commercial development of the RTP(tm) biomass refining and petroleum upgrading technologies since the early 1980's. This work culminated in the development of commercial RTP applications in the late 1980's in the wood industry, and the establishment of Ensyn Renewables Inc. to capitalize on commercial projects for this business. In 1997, Dr. Graham initiated the application of this commercial RTP technology in the petroleum industry.
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Director | Current |
| Ensyn Corporation | Chairman, CEO | Former |
| Ensyn Corporation | Founder of Ensyn | Former |
| The University of Western Ontario | PhD | Former |
| Carleton University | Bsc | Former |
| Organization | Position | Status |
|---|---|---|
| Ivanhoe Energy, Inc. | Board of Directors | Current |
Executive News
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Ivanhoe Energy Inc. sells US oil and gas assets for about $40 million
-
National Fuel acquires Ivanhoe operations
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Ivanhoe Energy sells its US oil and gas operations for US$40 million
-
Ivanhoe Energy sells its US oil and gas operations for US$40 million
-
National Fuel acquires Ivanhoe operations
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Ivanhoe Mines Appoints Jean Chretien, Former Canadian Prime
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Ivanhoe Energy appoints Jean Chretien, former Canadian Prime Minister, as senior international adviser
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Chinalco, Ivanhoe hold preliminary cooperation talks
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Chinalco, Ivanhoe hold preliminary cooperation talks
| Volume | 1,325,709 |
| Shares Outstanding | 279.7M |
| Market Cap | 758.0M |
| Year High | 2.99 |
| Year Low | 0.301 |
| Earnings Per Share | -0.22 |
| P/E Ratio | N/A |
| Dividend | 0.00 |
| Yield | 0.00 |
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