Ivanhoe Energy Receives Shell China Holdback Proceeds

CALGARY, July 3, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) 
announced today that it received the full US$5 million in holdback proceeds 
from the transfer of the Zitong Block Petroleum Contract to Shell China. 
The Company expects to receive the final US$3.7 million payment from Shell 
China upon completion of China National Petroleum Corporation's annual cost 
recovery audit for 2012 expenditures. 
Ivanhoe Energy is an independent international heavy oil exploration and 
development company focused on pursuing long-term growth in its reserves and 
production using advanced technologies, including its proprietary heavy oil 
upgrading process (HTL(TM)). Core operations are in Canada, United States, and 
Ecuador, with business development opportunities worldwide. Ivanhoe Energy 
trades on the Toronto Stock Exchange with the ticker symbol IE and on the 
NASDAQ Capital Market with the ticker symbol IVAN. For more information about 
Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com. 
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, 
including forward-looking statements within the meaning of the Private 
Securities Litigation Reform Act of 1995. Forward-looking statements 
include, but are not limited to the potential for commercialization and future 
application of the heavy oil upgrading technology and other technologies, 
statements relating to the continued advancement of Ivanhoe Energy's projects, 
statements relating to the timing and amount of proceeds of agreed upon and 
contemplated disposition transactions, statements relating to anticipated 
capital expenditures, statements relating to the timing and success of 
regulatory review applications, and other statements which are not historical 
facts. When used in this document, the words such as "could," "plan," 
"estimate," "expect," "intend," "may," "potential," "should," and similar 
expressions relating to matters that are not historical facts are 
forward-looking statements. Although Ivanhoe Energy believes that its 
expectations reflected in these forward-looking statements are reasonable, 
such statements involve risks and uncertainties and no assurance can be given 
that actual results will be consistent with these forward-looking 
statements. Important factors that could cause actual results to differ from 
these forward-looking statements include the potential that the Company's 
projects will experience technological and mechanical problems, new product 
development will not proceed as planned, the HTL(TM) technology to upgrade 
bitumen and heavy oil may not be commercially viable, geological conditions in 
reservoirs may not result in commercial levels of oil and gas production, the 
availability of drilling rigs and other support services, uncertainties about 
the estimates of reserves, the risk associated with doing business in foreign 
countries, environmental risks, changes in product prices, our ability to 
raise capital as and when required, our ability to complete agreed upon and 
planned asset dispositions, competition and other risks disclosed in Ivanhoe 
Energy's 2012 Annual Report on Form 10-K filed with the U.S. Securities and 
Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR. 
Ivanhoe Energy Hilary McMeekin Manager, Corporate Communications (403) 817 
1108 hmcmeekin@ivanhoeenergy.com 
SOURCE: Ivanhoe Energy Inc. 
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CO: Ivanhoe Energy Inc.
ST: Alberta
-0- Jul/03/2013 11:55 GMT
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