InPlay Oil – H1 2023 Financial and Operations Recap, H2 Forecasts Including Growth Updates
Doug Bartole, President and CEO of InPlay Oil (TSX:IPO – OTCQX:IPOOF) joins us to provide an update on the operational and financial results for the first half of the year and to outline the growth plans to the end of the year.
Starting with the operational and financial results for H1 2023, we discuss the company’s adjusted Funds Flow growth in Q2 from Q1. Production was hampered by wildfires and third party facility restrictions.
We then look ahead to the growth plans and production forecasts for the second half of the year. Doug shares updates on the wells drilled to date in H2 and the second significant upgrade and partial replacement of an operated natural gas plant in Willesden Green. We also discuss how the Company is allocating its cash-flow between dividends, growth plans and debt repayments.