Ivanhoe announced that following the Chinese New Year holiday, Sunwing Energy has resumed site operations at its Zitong-1 well and is preparing to perforate and test the Xu-5 Formation. Test results are expected before the end of February.
Sunwing is the operator of the 659,840-acre (1,031 square miles) Zitong exploration block in Sichuan, and holds a 90% interest in a Petroleum Contract with PetroChina Company Limited. Mitsubishi Gas Chemical Company of Japan holds the remaining 10% interest.
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