Ivanhoe Energy Tamarack Regulatory Application Reviewed, Deemed Complete; Shares Up 2%

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Ivanhoe Energy ( IVAN ) is up 2.5% after the Alberta Environment and Sustainable Resource Development (AESRD) finalized its review of the Tamarack Environmental Impact Assessment ( EIA ) and deemed it complete, pursuant to Section 53 of the Environmental Protection and Enhancement Act (EPEA).

IVAN is currently in discussions with local stakeholders to resolve identified issues. Successful completion of these discussions, followed by an Order in Council from the Government of Alberta, will enable the company to move forward with the implementation phase of the Tamarack project. The company anticipates completing these remaining milestones near the end of Q1 2013.

IVAN is up 2.2% at $0.84 in a 52-week range of $0.41 - $1.15.




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This article appears in: Investing , Commodities

Referenced Stocks: EIA , IVAN

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