Blogs & Comment

He's in!

Robert Friedland’s Ivanhoe Energy (TSX: IE) is now a member of the oilsands club.
In a recent Briefcase we reported on Ivanhoe Energy’s agreements to purchase interests in oilsands leases from Talisman Energy (TSX: TLM). Well, today Ivanhoe announcedit has officially completed the acquisition of the working interests to two of the leases for a total purchase price of $90 million. It had originally wanted to buy interests to three leases, and had agreed to pay $105 million, but a part owner of the third lease scuttled that deal.