InPlay Oil – Comprehensive Update On Oil Production Growth, Reserve Growth, Debt Repayment, New Dividend Policy, and Share Buybacks
Doug Bartole, CEO and President of InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF), joins us for a comprehensive update on the key projects, the oil production growth, reserves, and free funds flow, and how the Company returned value to shareholders for a record year in 2022.
We start off with a review of the production growth from InPlay’s Cardium oil and gas assets are located in West Central Alberta, as well as the large growth in reserves on a per share basis. Next we pivot over to the financial strength of the balance sheet; and how the company has been aggressively paying down debt, and is on track to be debt free by Q2 of 2023. Then we shifted to the high potential for another acquisition of a new project, and highlighted the return to shareholders through the new inaugural dividend and ongoing share buybacks.
If you have any further questions for Doug regarding InPlay Oil, then please email us at either Fleck@kereport or Shad@kereport.