CALGARY, Alberta, March 17, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2020, and the results of its independent oil and gas reserves evaluation effective December 31, 2020 (the “Reserve Report”) prepared by Sproule Associates Limited (“Sproule”). InPlay’s audited annual financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2020 will be available at “www.sedar.com” and our website at “www.inplayoil.com”.

Message to Shareholders:

InPlay’s mandate of operating … Continue Reading

CALGARY, Alberta, Jan. 07, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that its Board of Directors has approved a $23 million capital program for 2021 with forecast average production of 5,100 – 5,400 boe/d (69% oil and liquids).

InPlay enters 2021 coming out of one of the most challenging years that our industry has experienced as a result of the price capitulation (with 2020 West Texas Intermediate (“WTI”) averaging USD $39.30/bbl) and capital retraction that occurred following the demand destruction caused by the COVID-19 pandemic.  The Company reacted … Continue Reading

CALGARY, Alberta, Nov. 19, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) a junior oil and gas exploration and production company with operations in Alberta focused on light oil production, today announced their participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for November 23, 2020.

The virtual road show will feature a corporate presentation from InPlay Oil CEO, Doug Bartole, followed by a Q & A session proctored by Noble Senior Research Analyst Michael Heim, featuring questions submitted by the audience.

The live broadcast of the virtual road show is scheduled for … Continue Reading

CALGARY, Alberta, Nov. 12, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2020 will be available at “www.sedar.com” and our website at “www.inplayoil.com”. An updated presentation will also be available on our website early next week.

Third Quarter 2020 Financial & Operations Results  

Production averaged 3,742 boe/d (69% oil … Continue Reading

CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (QTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to announce that it has entered into definitive agreements with the Business Development Bank of Canada (“BDC“) and our current syndicate of lenders providing a $25 million non-revolving, second lien senior secured four-year term facility (the “BDC Term Facility“). The goal of this facility is to provide liquidity for pre-Covid financially viable companies, such as InPlay, to assist in surviving the demand destruction and following commodity price capitulation caused by the pandemic and allow these companies to capitalize on … Continue Reading

CALGARY, Alberta, Aug. 14, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a non-binding term sheet (the “BDC Term Sheet”) with the Business Development Bank of Canada (“BDC”), in partnership with our syndicate of lenders, for a non-revolving term facility of up to $25 million with a four year term. The Company is also announcing its financial and operating results for the second quarter. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and … Continue Reading

CALGARY, Alberta, July 15, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that its syndicate of lenders has completed the redetermination of its Credit Facilities. InPlay’s Credit Facilities have been confirmed at $65 million. The Credit Facilities mature on May 31, 2021 and have upward adjustments to the interest rate pricing grid. 

InPlay was prompt and proactive in reacting to the quick, unprecedented drop in crude oil pricing in March. Initiatives included a 20 percent reduction in field and office salaries, multiple cost cutting measures and the immediate suspension of the 2020 … Continue Reading

CALGARY, Alberta, June 30, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Corporation“) announces the voting results for the election of directors at its annual meeting of shareholders held on June 25, 2020 (the “Meeting“). The following six nominees were elected as directors of InPlay to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting in favor of individual nominees as follows:

Director   Percentage Approval   Percentage Withheld Douglas J. Bartole   99.49%   0.51% Jackie Bentley   99.56%   0.44% Craig Golinowski   99.48%  … Continue Reading

CALGARY, Alberta, May 29, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces an extension of its annual borrowing base redetermination.

InPlay and its banking syndicate have agreed to extend the date for completion of the annual borrowing base redetermination from May 31, 2020 to June 30, 2020.  This provides the Company and the banking syndicate additional time to assess current dynamic market conditions as well as the proposed federal support programs being initiated through the Export Development Bank of Canada and the Business Development Bank of Canada.  

The Company agreed to an … Continue Reading

CALGARY, Alberta, May 07, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2020.  InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2020 will be available at “www.sedar.com” and our website at “www.inplayoil.com”.

Financial and Operating Results:

(CDN) ($000’s)       Three months ended
March 31
          2020   2019   Financial         Oil and natural gas sales       13,092   19,210   Funds flow       3,235   8,534     Per share –… Continue Reading

CALGARY Alberta, April 23, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) provides an operations and corporate update in response to the COVID-19 pandemic. 

The COVID–19 pandemic has led to an unprecedented decrease in oil prices as a result of world oil demand destruction. Accordingly, InPlay has acted prudently in March and April in order to stabilize our financial position and to preserve the value of our crude oil reserves for an eventual price recovery. As previously announced, the Company immediately responded to this decline in prices with the suspension of our capital … Continue Reading

CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019, and the results of its independent oil and gas reserves evaluation effective December 31, 2019 (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”).  InPlay’s audited annual financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2019 will be available at “www.sedar.com” and our website at “www.inplayoil.com”.

Message to Shareholders:

InPlay’s … Continue Reading