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 Silverman
Number of Employees 165
Contact Information

999 Canada Place Suite 654

Vancouver, British Columbia V6C 3E1

ivanhoe-energy....

(604) 688-8323

NAICS Code Support Activities for Oil and Gas Operations: 213112

Recent Events

  • Ivanhoe Energy subsidiary to merge with PanAsian Petroleum Inc in Mongolia (Ivanhoe-Mongolia)

    11/20/09 - Merger / Acquisition - View Story

  • Ivanhoe Energy and Sunwing Energy, its wholly-owned subsidiary, to hold conference call today to discuss...

    11/19/09 - Mgmt. Change Entering - CFO - View Story

  • Raymond James Upgrades Ivanhoe Energy IVAN to Outperform

    11/10/09 - Bond / Stock Rating - View Story

  • Ivanhoe Energy Slips To Q3 Loss - Quick Facts

    11/09/09 - Financial Announcement - View Story

  • UPDATE 2-Ivanhoe Energy stock jumps on 'outperform' rating

    8/11/09 - Bond / Stock Rating - View Story

  • Ivanhoe Energy trims loss, oil revenues fall

    8/11/09 - Financial Announcement - View Story

  • National Fuel acquires Ivanhoe operations

    7/20/09 - Merger / Acquisition - View Story

  • BRIEF: National Fuel buys Ivanhoe assets

    7/21/09 - Merger / Acquisition - View Story

News & Analysis

ivanhoe energy inc. - All News and Analysis

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

  • Ivanhoe Energy Inc. sells US oil and gas assets for about $40 million

    Canoe Money - 7/20/09 - View Story

  • National Fuel acquires Ivanhoe operations

    Biz Journals - 7/20/09 - View Story

  • Ivanhoe Energy sells its US oil and gas operations for US$40 million

    Reuters - 7/20/09 - View Story

  • Ivanhoe Energy sells its US oil and gas operations for US$40 million

    PR Newswire - 7/20/09 - View Story

  • National Fuel acquires Ivanhoe operations

    Business First of Buffalo - 7/20/09 - View Story

  • Ivanhoe Mines Appoints Jean Chretien, Former Canadian Prime

    Market Wire via MSN Money - 7/08/09 - View Story

  • Ivanhoe Energy appoints Jean Chretien, former Canadian Prime Minister, as senior international adviser

    PR Newswire - 7/08/09 - View Story

  • Chinalco, Ivanhoe hold preliminary cooperation talks

    Reuters - 6/26/09 - View Story

  • Chinalco, Ivanhoe hold preliminary cooperation talks

    Forbes.com - 6/26/09 - View Story

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IVAN $2.71 +0.11 (4.23% )
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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