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Derek Oil & Gas Corporation: Derek Oil & Gas Corporation Agrees to Buy Ivanhoe Energy's Interest in LAK Ranch Project

Wed, 25 Oct 2006 5:30:00 PDT

VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Derek Oil & Gas Corporation ("Derek") (TSX VENTURE: DRK) will buy Ivanhoe Energy's ("Ivanhoe") interest in the LAK Ranch oilfield in Weston County, Wyoming subject to the negotiation of definitive documentation and Derek and Ivanhoe board approvals.

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