Drilling Commenced at Sunwing's 1st Mongolian Exploration Well

- Drilling Commenced at Sunwing's 1st Mongolian Exploration Well

Tuesday, August 16, 2011
Ivanhoe Energy Inc.

Ivanhoe and Sunwing announced that N16-1E-1A, Sunwing's first exploration well on its Nyalga Block XVI in Mongolia, spudded Saturday, August 13. As of Tuesday, 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 David Dyck, President and COO of Ivanhoe. "Given the results of our 2D seismic study, we are optimistic of the potential to discover oil resources in Mongolia."

The well is located on a structure approximately 32 km2 in size and will be drilled to a total depth of approximately 2500m. The well is being drilled by the Daqing Exploration Company and drilling of the well will take approximately 30 days, with completion and testing to be carried out as required. The Company intends to drill two wells on two separate structures, with the option to drill up to three additional wells in this initial exploratory program.

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Manas Begins Second Seismic Survey at Mongolian Blocks

- Manas Begins Second Seismic Survey at Mongolian Blocks

Thursday, July 14, 2011
Manas Petroleum Corp.

Manas announced the commencement of the second seismic survey on the two Mongolian blocks - Zuunbayan-XIV Block and Tsagaan Els-XIII Block - owned by Gobi Energy Partners GmbH.

This year's seismic survey includes up to 1,700 km of 2D seismic. It covers 10 prospective areas over both blocks, which were identified by our integrated interpretation. The program is laid out in 8 phases without any interruption between the phases; however, some phases show interdependencies. Preparation and mobilization has commenced and the acquisition is expected to begin in mid-August. The seismic work will be conducted with vibrators.

Through its wholly-owned subsidiary, DWM Petroleum AG, Manas owns record title to 100% of the issued and outstanding shares of GEP GmbH, though 26% is held in trust for others. GEP GmbH owns 100% of Gobi Energy Partners LLC ("Gobi"), the Mongolian operator of the oil and gas projects on the two blocks. Gobi signed the agreement for Seismic Services with Sinopec Mongolia, a wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group), on July 12, 2011. Sinopec has extensive seismic experience in this area. Sinopec offers all services from seismic to drilling and drilling related services. Sinopec will use Sercel equipment for the survey. The total cost of the program, including mobilization and demobilization, is projected to be US $4.2 million. Nine companies participated in the tender.

This seismic survey is being carried out in an effort to improve the quality of existing data and increase the chances of success of exploratory wells the company intends to drill upon completion and interpretation of the new data. The first well is anticipated to be spudded in the second quarter of 2012.

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Drilling Commences at Petro Matad's Mongolian Well

- Drilling Commences at Petro Matad's Mongolian Well

Thursday, June 09, 2011
Petro Matad Ltd.

Petro Matad announced that the Davsan Tolgoi-6 ("DT-6") exploration well was spudded at 14:30 Mongolian time (07:30 hrs BST) on June 9, 2011.

The DT-6 well is being drilled vertically to an estimated target depth of 2,100 meters. The well is being drilled by the Company's contractor, DQE International.

The DT-6 site is approximately 2.3km SSE of DT-1. DT-6 will test a very thick section of the Tsagaantsav formation, including 234m of the Uppermost Tsagaantsav (Uvgan Gol horizon) within a well-defined northeast-trending paleovalley, as well as 364m of the underlying Lower Tsagaantsav formation.

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