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Ivanhoe Energy declares bankruptcy as restructuring talks with creditors fail

2015-06-03 02:21:01| Oil & Gas - Topix.net

The company had been working with Ernst & Young to reach a viable restructuring proposal and had already extended the deadline for filing a proposal by a month. The Vancouver-based heavy oil company has projects in Ecuador and Mongolia and was working to develop a proprietary upgrading process for heavy oil.

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